About Us

At the heart of our approach lies the unwavering focus on our clients' needs, ensuring personalized and exceptional service at every step.

01.

ABOUT

Downtown Development Corp. is a leading real estate development and leasing company based in Puerto Rico, specializing in shopping centers, malls, retail spaces, offices, and warehouse properties across the island. Since our founding in 1984, we have focused on creating value-oriented retail properties, anchored by prominent tenants that meet the diverse needs of Puerto Rico’s vibrant communities.

A TOP MARKET

Puerto Rico is a powerhouse market for many retail brands. Retail plays a vital role in the island’s evolving economy, with sales reaching $35 billion in 2019, accounting for 42% of Puerto Rico’s $99.91 billion GDP. Currently, Puerto Rico has approximately 24 million square feet of retail space shared among 3 million residents. This equates to fewer than eight square feet per person, compared to Florida's 28 square feet per capita, underscoring the potential for growth in the retail real estate sector. Leading stateside chains have established some of their top-performing stores here, highlighting the island’s exceptional retail market potential.

02.

Our Approach to Real Estate

Downtown Development Corp. strategically invests in areas with dynamic commercial activity and strong demographic profiles that drive high sales performance across our retail properties. Our expansion efforts emphasize growth in communities beyond San Juan’s metro area, where we develop shopping centers anchored by well-known stores, complemented by a mix of service-oriented retail shops.

02.

Our Team

Downtown Development Corp. is dedicated to identifying and cultivating prime opportunities. Our team is composed of seasoned real estate professionals with extensive expertise in commercial markets. We are passionate about identifying development opportunities that support businesses. With a strong commitment to client satisfaction, our team will work collaboratively to deliver high-quality properties and provide personalized leasing solutions. Explore our property listings and contact us to learn more.

Kopel

CEO

Giana Vaccaro

ADMINISTRATOR

Kianna Carder

TECHNICAL SUPPORT MANAGER

Kopel

CFO

Tiana Donin

PROJECT MANAGER

Ruben Bator

IT DIRECTOR

01.

Established in 2012, our journey began with a shared commitment to transform the real estate experience.

Fueled by a passion for innovation and a dedication to unparalleled service, our founders embarked on a mission to redefine the way individuals and families connect with their dream properties.

02.

In the early days, our focus was clear: to create a real estate platform.

What started as a vision soon transformed into a reality, with each milestone marking a step toward realizing our commitment to excellence.

03.

As we grew, so did our understanding of the unique needs and aspirations of our clients

We evolved our services, adapting to industry trends while staying true to the core values that define us. From pioneering unique selling propositions, such as eliminating commissions, to embracing sustainable practices, our journey has been one of continuous innovation and client-centric solutions.