BusinessQuiet 13d · day 14
Developers bet on man-made surf lagoons to attract wealthy homebuyers
Texas, Utah, and Arizona communities are adding artificial wave pools despite high costs and steep monthly fees.
What to know
- Residential developers are adding man-made surf lagoons to luxury communities in Texas, Utah, and Arizona as amenities.
- The projects carry significant construction costs and result in steep monthly fees for residents.
- Developers are betting this experiential amenity will differentiate their communities and attract affluent buyers.
Developers in Texas, Utah, and Arizona Residential developers
How it unfolded 1 development · click the chart to see its coverage articlesposts
Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11yesterdaynow · 10:05 PM ET
-
1
WSJ reports on artificial wave pools in residential developments
The Wall Street Journal documents a trend of residential developers in Texas, Utah, and Arizona building man-made surf lagoons as community amenities to attract wealthy homebuyers, despite substantial construction costs and elevated monthly resident fees.
“Developers in states like Texas, Utah, and Arizona are betting that man-made surf lagoons will lure wealthy buyers, despite high construction costs and steep monthly fees.”
— Wall Street Journal, Publication · source -
first by WSJ, 13d ago · also WSJ Lifestyle
-