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 2008 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. Marshalls has 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, and Office Max.
Downtown Development Corp. Your source for Puerto Rico Real Estate Listings
Downtown Development Corp. has begun to tap into exciting 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, and Plaza Las Lomas Shopping Center. Contact us with your leasing needs. On this site you can find our Puerto Rico real estate listings.