Costa News Spain Breaking News | English News in Spain.
The SEVILLA authorities approved the development Lagoon City, a groundbreaking project.
A ‘Caribbean-esque’ resort, centred on a crystal-clear lagoon with artificial white sand beaches will be built in Bormujos, only seven kilometres from Sevilla city.
Around the lagoon will be a luxury 200-room hotel, three towers of aparthotels, a conference center, restaurants from around the world, a rooftop bar and a waterfront walkway.
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This ‘small city within a large city’ will be accessible to the public via a paid ticket.
Forty Management in collaboration Crystal Lagoons will develop the project.
Crystal Lagoons specializes in artificial laguna technology, and the former is a Romanian property development company.
The initiative began with the purchase of 120,000 sqm of land.
Bormujos City Council approved the development following an investment of €100 million, according to HOSTELTURThe tourism news source.
Developers have said that the Bormujos Town Hall is supporting this major project by ensuring urban planning, creating a public transport system, and renting out apartments to professors and doctors at the university and hospital.
The initiative is expected to create over 600 jobs and Lucian Azoitei, CEO of Forty Management, believes it ‘will support the local economy and contribute to the long-term prosperity of the entire area’.
The two companies’ previous collaboration has been recognized for its ‘appealing and disruptive innovative urban approach,’ as noted by Jean Pierre Juanchich, Global Business Director of Crystal Lagoons.
There are eight mixed-use Lagoon City projects and 11 Public Access Lagoon projects in six other European countries – Romania, Hungary, the Czech Republic, Poland, Italy, and France.
The Lagoon City of Forty Management in Bucharest (Romania) was inaugurated last year.
Forty Management is hoping to expand its international reach with this concept in the coming decade.
Labelled as ‘green urban reconversion projects,’ the company looks to transform an abandoned or degraded urban space into ‘a vibrant mixed green oasis’ and build a community around it.
According to Crystal Lagoons’ website, such initiatives also reduce the number of trips made to coastal destinations by around 50%, ‘as people can enjoy beach life closer to home’.
Lagoon City Sevilla is beginning to take shape. However, it still needs to be licensed and obtain permits. The buyer must also get a building permit within 18 months.
The property transfer took place to the Swiss division, Forty Management AG. It will be later transferred to the local SPV that is responsible for the development of Lagoon Sevilla.
