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Plaza del Sol (Puerto Rico)

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Coordinates: 18°24′22″N 66°09′49″W / 18.4061°N 66.1636°W / 18.4061; -66.1636
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Plaza del Sol
Plaza del Sol logo
Plaza del Sol entrance
Map
LocationBayamón, Puerto Rico
Coordinates18°24′22″N 66°09′49″W / 18.4061°N 66.1636°W / 18.4061; -66.1636
Address725 West Main Ave Suite 600
Opening date1998
ManagementDevelopers Diversified
OwnerDevelopers Diversified
No. of stores and services140+
No. of anchor tenants7
Total retail floor area728,546 sq ft (67,684.1 m2)
No. of floors2 (2nd floor located in food court)
Websitervipuertorico.com/centros/plaza-del-sol

Plaza del Sol is an 728,546-square-foot (67,684.1 m2) regional mall located in the city of Bayamón, Puerto Rico. Plaza del Sol is anchored by Bed Bath & Beyond, Caribbean Cinemas, Walmart, H&M, Dave & Buster's and Home Depot.[1] The mall was opened in 1998; it was later acquired in 2005 by DDR Corp. from a $1.15 billion portfolio deal with Caribbean Property Group (CPG) which included the mall.[2]

In 2017 DDR Corp. spun off its Puerto Rican shopping centers to RVI (Retail Value Inc.) due to struggles they had after the Hurricane Maria, making Retail Value Inc. the new owner of the mall at the time.[3]

In August 2021 Developers Diversified (DDR Corp.) came back to the PR retail landscape with a $550 million deal with RVI which Plaza del Sol was included in, making DDR the owner of the mall once again.[4]

Outparcels are Pep Boys, Oriental Bank and Farmacias Plaza.

Renovations

In 2011 after the acquisition from DDR Corp. It was announced that during the next 6 years they would be redeveloping the mall to add more retail space and also to change the design it was given since it was first built. The mall added 35,500 sq ft (3,300 m2), moving the food court upstairs and reusing the space below for new tenants.[5] Phase two of Plaza Del Sol's redevelopment will include more parking spaces and the construction of approximately 137,000 square feet of new GLA to accommodate the expansion of a key anchor as well as construction of additional junior anchor boxes.

Anchor Stores

  • Plaza del Sol food court after renovations
    Plaza del Sol food court after renovations
  • Escalators and Christmas Trees at Plaza del Sol
    Escalators and Christmas Trees at Plaza del Sol

References

  1. ^ "Plaza del Sol Bayamón, Puerto Rico | DDR Corp". ddr.com. Retrieved 2016-09-01.
  2. ^ "Archived copy". www.corporate-ir.net. Archived from the original on 11 March 2005. Retrieved 12 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ^ "DDR intends to sell its Puerto Rico shopping centers, others". 26 December 2017.
  4. ^ "Developers Diversified PR returns to local retail market to operate 9 shopping centers". 5 October 2021.
  5. ^ http://caribbeanbusiness.com/news/ddr-doubles-down-on-pr-projects-80260.html [dead link‍]


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