New Upscale Mall, The Mall of San Juan, to be Built in Puerto Rico
Taubman announced in recent months their plans to begin construction on a 640,000 square foot mall in San Juan, Puerto Rico. The state-of-the-art, two level enclosed mall will be known as The Mall of San Juan. The Mall of San Juan will be the first upscale mall on the island and is already set to include the very popular high fashion department stores Nordstrom and Saks Fifth Avenue. The $405-million shopping center will also include more than 100 specialty stores and restaurants, approximately 60 percent of which are anticipated to be new to the island.
“We are thrilled to bring Saks Fifth Avenue to Puerto Rico and to The Mall of San Juan,” noted Steve Sadove, chairman and chief executive officer of Saks Incorporated. “We look forward to delivering our distinctive, world-class selection of luxury brands and memorable service experiences to the residents of and visitors to the island.”
“The Mall of San Juan will be a very exciting shopping destination for Puerto Rico and we’re glad we’re a part of it. Our first priority is to serve the local island customer with a Nordstrom store of their own featuring great quality and luxury fashion for everyone in the family. It’s an added bonus to be able to serve visitors to Puerto Rico too,” said Erik Nordstrom, president of stores for Nordstrom.
The development is adjacent to the San Jose Lagoon at the south end of the Teodoro Moscoso Bridge and is just two miles away from the international airport. The Mall of San Juan will be designed to reflect the rich culture and heritage of San Juan, but with a fresh and contemporary twist. In addition to The Mall of San Juan, there are also plans to build a hotel and casino.
The projected opening of The Mall of San Juan is late 2014.
Source: Taubman, PR Newswire