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Downtown Development Corp. is a
Puerto Rico real estate development and leasing company that has
developed many shopping centers, malls, retail, office,
and warehouse properties around the island of
Puerto Rico since 1984. Our Puerto Rico shopping center
and mall properties are value oriented
with grocery and department store anchors.
Retail sales in Puerto Rico
during 2005 consisted of $35 billion, 42% of the
island's gross domestic product of $82 billion.
Puerto Rico has
24 million
square feet of total retail space in shopping centers, divided by 4
million people in the island. There is fewer than six
square feet of retail shopping center and mall space per person. It has been estimated that
there is a potential for ten square feet of retail
space per person.
Actually Florida has 28 square feet per person of
retail shopping centers space.
About Puerto
Rico
Shopping Center and Mall Properties
JC Penney and Sears stores
located in Puerto Rico are in number one positions in
sales volume and profitability in the U.S. Two of
Western Auto's top U.S. outlet as well as Marshalls
have two of its top stores in Puerto Rico. Walgreens and Rooms To Go have
also achieved number one positions in sales.
Puerto Rico is also a powerhouse
for other leading stateside chains such as Wal-mart,
K-Mart, Macy's, Pep Boys, Sam's Club, Costco, Payless Shoesource, Footlocker, Borders, Home Depot, Radio Shack,
CompUSA, and Office Max.
Downtown
Development Corp. Your source for Puerto Rico Real
Estate Listings
Downtown
Development Corp. has begun to tap into exiting
opportunities, focusing in areas with a vibrant
commercial sector and population demographics proven
to yield excellent sales at our Puerto Rico shopping center and
mall properties.
Puerto Rico has many excellent
retail real estate opportunities, especially in areas outside of
the San Juan Metro areas where sites can be chosen to
develop community shopping centers (150,000 to 175,000 square
feet) with a mix of traditional grocery and department
store anchors with a variety of service retail stores.
Downtown Development Corp.
expansion plans call for the openings of Arecibo Town
Center, Adjuntas Plaza, Rexville Court Plaza, Morovis Plaza, Plaza Las Lomas Shopping Center and Providencia Shopping
Court. Contact us with your leasing needs. On this
site you can find our Puerto Rico real estate
listings.
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