DHEC approves permits for Crystal Lagoons® amenity in Columbia, South Carolina

GREENVILLE, S.C – Sept. 11, 2024 – The South Carolina Department of Health and Environmental Control (DHEC) has granted approval for the permits of the first-ever Crystal Lagoons® amenity in South Carolina. The lagoon will be located in the north side of Columbia and construction is expected to start early 2025.

“The approval from DHEC marks a pivotal moment for the Crystal Lagoons® project,” said Joseph Baldassarra, president of Broadstreet. “This significant milestone gets us one step closer to bringing our vision of a vibrant beach lifestyle community in the Midlands.”

The amenity will be the heart of Oak Hills, a new community spanning nearly six acres. It will feature a pristine beach area of nearly 1.5 acres and a lagoon of about three acres. The residential community features approximately 2,400 lots, offering a diverse range of single-family homes and townhomes designed to cater to various lifestyle needs.

“The Crystal Lagoons® at Oak Hills will provide exceptional, safe and enjoyable recreational spaces for all ages,” added Baldassarra. “We’re excited to create a destination that will not only enhance the quality of life for residents but also become a focal point for the entire region.”

The property will offer an array of recreational options including tennis courts, a kids’ zone, a wedding peninsula, waterfront restaurants, a retail hub, water sport rentals, a well-maintained park and a luxury hotel.

The Crystal Lagoons® project is being developed in partnership with Contender Development, while Broadstreet has established an exclusive funding relationship with Blue Lagoon Development LLC to support this venture.

Through a unique and patented concept and technology that allows developers to build and maintain crystalline lagoons of unlimited size at very low cost, Crystal Lagoons® technology has the ability to create an idyllic beach lifestyle anywhere in the world. The technology has been implemented in more countries around the world and cities in the United States than any other lagoon developer. As one of the top five fastest-growing state populations between 2010-2023, South Carolina is well positioned for its first of these exceptional properties.

ABOUT BROADSTREET

Broadstreet is a private equity firm that has an impressive track record of identifying promising growth sectors for capital investments. Based in Greenville, South Carolina, the firm’s investor profile includes high-net-worth individuals, family offices, registered investment advisors and institutional investors. The company has over $3 billion in transactions and there are more than 3,000 people employed/associated in the businesses with which we are associated. Broadstreet’s formula for private equity investing has been to focus its attention on dominating the Carolinas rather than holding investments across the entire United States.  The synergies that arise by being a major player in a single regional market delivers efficiencies, enhanced opportunities and profits. For more information, visit broadstreetprivateequity.com.

###

Broadstreet, Inc. acts as finance, management or oversight of the business projects mentioned in this release. Its executive officers are David Feingold whose position is CEO, Joseph Baldassarra, whose position is president and Steven Baldassarra, whose position is chief operating officer. Mr. Feingold as well as the Baldassarras’ professional backgrounds and experience can be found at the website.