Terralagos - Award-winning urban project Description
Terralagos is the first project with an amenity powered by Crystal Lagoons® technology in Argentina. It is a
primary home development consisting of 1,300 lots and approximately 500 condo units that will sell for an
average of US$62,000, with a promise of bringing idyllic beach life to everyday life. The decision to include
a crystalline lagoon in the project was made with the Argentinian economic situation in mind, which has
strained the real estate development market since 2009. The project’s showroom opened its doors in
January 2012, while the 13-acre lagoon was inaugurated at the end of March 2015.
Lagoon Effect
Following the inauguration of the clear water lagoon in 2015, average selling prices increased by 88%, and
600 units were sold.
By September 2016, only 18 months after the inauguration, over one hundred homes had already completed
construction.
The inclusion of a crystalline lagoon, and the developer's ability to deliver a beach-on-your-backyard
concept, earned Terralagos the prestigious Real Estate Creativity Award 2015, given by Reporte Inmobiliario.
PRESALE PRICES V/S PRICES POST “Terralagos is undoubtedly the most successful
LAGOON OPENING and best-selling business venture in the area,
and the lagoon has really become the heart of
our venture.”
$130,000 "The lagoon allows us to have a public of all
$80,000 ages. Here, parents, teenagers and children
alike will find, without a doubt, an activity in
line with their necessities."
$62,000
Client / Developer Project type Lagoon size $48,000
"For those who will live here, the lagoon is like
CASTEX Multi-family + Master Planned 13 ac / 5.3 ha
having a piece of the Caribbean just meters
Community, Inland Development
away from their home, it is a dream come
Location Operational since
true. It allows residents to enjoy a beach life
Buenos Aires, Argentina Lagoon use 2014
just 40 minutes away from the Buenos Aires
Residential TERRALAGOS PREMIUM LOTS TERRALAGOS BASIC LOTS
city center."
Website
www.terralagos.com.ar Esteban Edelstein,
Director Castex Properties.
PRESALE LAGOON IN OPERATION
Case Study www.crystal-lagoons.com
