Crystal Lagoons First U.S. Project Outperforms Competing Communities22 February, 2017 / News
The first Crystal Lagoon in the U.S. is already breaking records. Miami-based water innovation company Crystal Lagoons U.S. Corp will build four lagoon projects in partnership with Metro Development Group for their residential communities near Tampa. Each crystal-clear lagoon is seven to 10 acres in size and the Epperson lagoon is slated for completion in late 2017.
The first community, Epperson, will have around 2,000 homes upon completion. The developer has contracted the project’s first 400 lots in record speed. D.R. Horton, the first active home-builder on site, began selling homes at unprecedented speeds, even before completing any model homes.
Metro Development Group President Greg Singleton said the response has been “incredible.” Before the Feb. 2 construction preview, with only one billboard marketing the development, there were 2,753 interested home buyers on a wait list to live in the community. Immediately following the event, the total number of inquiries reached 3,278. Having hit sales targets in record time, home prices have been raised twice within ten days of the Feb. 2 event with additional price increases expected in the coming weeks.
“D.R. Horton is excited to be a part of Epperson where we are currently selling our Express Homes brand and will later offer our D.R. Horton and Freedom Homes brands. The Crystal Lagoon amenity is a game changer for the community. The uniqueness of this project and the lifestyle it provides is unparalleled,” said Darren Saltzberg, D.R. Horton’s Tampa Division President. “With several other new construction options in Wesley Chapel, it is clear the demand we are seeing is directly correlated to the Crystal Lagoon. Families want to live in a resort-style community and are willing to pay a premium for fantastic amenities.”
Crystal Lagoons has developed a patented sustainable technology that allows developers to create and maintain unlimited-sized, crystal-clear lagoons that brings a Caribbean beach-life experience to master-planned communities anywhere in the world. Like Metro Development Group, top U.S. real estate developers are leveraging the world’s top amenity to maximize their projects’ demand and profitability. They have found that Crystal Lagoons provide real estate developments with substantial quantifiable benefits, such as increases in pricing, sales velocity, and higher rents.
“There has been a strong demand for Crystal Lagoons in the U.S. because the technology provides unprecedented real estate value to any project at very low construction and maintenance costs,” said Crystal Lagoons U.S. Corp CEO Uri Man.
Crystal Lagoons is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size crystal clear lagoons at very low costs.