Crystal Lagoons, the multi-national technology company which this year established a Sydney base, has broken ground on its first lagoon in Texas.
Partnering with Bayside Land Partners, the lagoon will be the star attraction in the luxury Bayside mixed-use development, located on Lake Ray Hubbard, 12km east of downtown Dallas.
Crystal Lagoons’ Oceania Director Germàn Rocca said the Texas signing was yet more confirmation of increasing demand for the world’s top amenity.
“The real estate community in the US has been quick to understand the benefits of Crystal Lagoons and the unique point of difference it can bring in a competitive market,” said Mr Rocca.
“The Bayside development has many parallels with Australia where developers are competing for market share and looking for amenity that will attract buyers and permit a price premium for waterfront real estate.”
Bayside is a $1 billion-dollar mixed-use lake-front development and will boast a 3.2 hectare Crystal Lagoon that is 25 times the size of an Olympic swimming pool and equivalent to 10 football fields of water. Ideal for sailing, stand-up paddle boarding and more, the environmentally sustainable Crystal Lagoon uses 50 per cent less water than a park of the same size; 30 times less water than an 18-hole golf course; 100 times less chemicals than a swimming pool and up to 50 times less energy than conventional pool filtration systems.
The Crystal Lagoon will be surrounded by a world class resort and marina, two luxury apartment towers and close to 100,000sqm of mixed use retail/entertainment/restaurant/office space.
In addition to offering beach life, the highlight of the Crystal Lagoon will be the largest fountain in Texas that will be home to daily and nightly live entertainment with shows featuring music, fire and more – open to the public. A state-of-the art “water mist screen” will project an interactive video performance for guests to enjoy, especially while dining at the water front restaurants.
The Bayside Crystal Lagoon will be the 12th in the US, joining the company’s portfolio of more than 300 lagoons worldwide. In Australia 30 projects are in discussion with sign-off on the first project anticipated later this month.
Globally patented in 160 countries, Crystal Lagoons technology earned patent protection from the U.S. Patent and Trademark Office’s Fast-Track Program for Green Technologies which honours technologies representing an advance in sustainability. By changing the real estate paradigm of “location, location, location,” Crystal Lagoons is revolutionising real estate development and enabling developers to create a beach life experience anywhere in the world. The unlimited-sized, man-made lagoons are low in cost and generate substantial increases in pricing, sales velocity, and rents.