<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="18.5267415" data-lng="-69.7736775" data-map-catchment-data-value="{&quot;lat&quot;:&quot;18.5267415&quot;,&quot;lng&quot;:&quot;-69.7736775&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:500000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km&quot;,&quot;description&quot;:&quot;Radius around the mall serving primary customers in Santo Domingo Oeste&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;30 km&quot;,&quot;description&quot;:&quot;Wider area including parts of greater Santo Domingo&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;500,000 People&quot;,&quot;description&quot;:&quot;Estimated population within primary and secondary catchment, based on Santo Domingo Oeste&#39;s 701,269 total population&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.2&quot;,&quot;description&quot;:&quot;Annual growth rate for Dominican Republic urban areas&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;28 Years&quot;,&quot;description&quot;:&quot;Median age in Dominican Republic, urban estimate&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.3 Persons&quot;,&quot;description&quot;:&quot;Average household size in Dominican Republic&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education in urban Santo Domingo areas&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;9,000 USD&quot;,&quot;description&quot;:&quot;Estimated median annual household income in Santo Domingo Oeste, based on national average salary of approx. DOP 537,449&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Unemployment rate in Dominican Republic Q2 2025&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;65 Index (US=100)&quot;,&quot;description&quot;:&quot;Cost of living in Dominican Republic relative to US&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;7,500 USD&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in DR, projected for 2025&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;123 USD per capita&quot;,&quot;description&quot;:&quot;Annual consumer spending on clothing and footwear per capita&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;2,000 USD per capita&quot;,&quot;description&quot;:&quot;Estimated annual spending on groceries per capita, major retail category&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;200 USD per capita&quot;,&quot;description&quot;:&quot;Estimated annual spending on electronics per capita&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;1,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors for a mid-sized mall in Santo Domingo Oeste&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;1.5 Hours&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;5,000 USD per year&quot;,&quot;description&quot;:&quot;Annual sales per square meter in DR malls&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;50 Stores&quot;,&quot;description&quot;:&quot;Estimated number of stores in a two-story mall like Oeste Plaza&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of major anchor tenants like supermarkets or cinemas&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls per 100k people&quot;,&quot;description&quot;:&quot;Density of similar malls in Santo Domingo area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Diverse mix including retail, food, entertainment&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;5&quot;,&quot;description&quot;:&quot;Number of unique or specialty stores&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;20,000 sqm&quot;,&quot;description&quot;:&quot;Estimated GLA for a mid-sized mall in DR&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Two-story structure as per mall descriptions&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;35 USD per month&quot;,&quot;description&quot;:&quot;Average retail rent in prime DR malls&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Estimated vacancy rate for Santo Domingo malls&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Standard lease terms with some flexibility for tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;1,000 sqm&quot;,&quot;description&quot;:&quot;Estimated available space based on low vacancy&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Located near major roads in Santo Domingo Oeste&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good&quot;,&quot;description&quot;:&quot;Access via local buses and OMSA routes&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;500 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking for a mall of this size&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Moderate foot traffic from nearby residential areas&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Growing e-commerce market in DR at 17% CAGR&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate for click-and-collect in malls&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;75.0&quot;,&quot;description&quot;:&quot;Internet penetration rate in Dominican Republic&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Relatively low retail crime in secure malls&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Comprehensive&quot;,&quot;description&quot;:&quot;CCTV, guards, and patrols standard in DR malls&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;12 Events per year&quot;,&quot;description&quot;:&quot;Annual promotional and seasonal events&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Percentage of customers using loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of digital signage for promotions&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Projected growth based on economic expansion&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;10 Tenants&quot;,&quot;description&quot;:&quot;Planned new tenants for expansion&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan&quot;,&quot;description&quot;:&quot;No major expansion announced, stable operations&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:8735,&quot;slug&quot;:&quot;plaza-san-isidro-6&quot;,&quot;name&quot;:&quot;Plaza San Isidro&quot;,&quot;lat&quot;:&quot;18.5333&quot;,&quot;lng&quot;:&quot;-69.7667&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza San Isidro, also known as Centro Comercial San Isidro or City Centre San Isidro, is a compact retail center located on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, adjacent to the PriceSmart warehouse club. The property features approximately 2,375 square meters of gross leasable area across two levels, with 115 parking spaces and modern infrastructure emphasizing high visibility from the highway. In the context of Santo Domingo Este&#39;s expanding urban-suburban landscape, this plaza serves a local market position focused on convenience-driven shopping for nearby residential areas, benefiting from the neighborhood&#39;s population density exceeding 5,000 residents per square kilometer and ongoing development of middle-class housing complexes. The tenant mix prioritizes practical, everyday needs with about 60% dedicated to food and beverage outlets, including quick-service restaurants and local eateries, alongside services, small apparel shops, and entertainment options that create a family-oriented atmosphere suitable for casual visits. This composition aligns with the area&#39;s demographics of middle and lower-middle income households averaging US$800-1,500 monthly, drawing consistent traffic from bulk shoppers at the neighboring PriceSmart. Leasing opportunities present value in a market where Dominican retail vacancy stands at 10-15%, with base rents at US$30 per square meter annually—lower than the US$40+ in central Santo Domingo—supplemented by US$4 per square meter for maintenance, flexible short-term leases, and incentives for new tenants to fill available spaces. Footfall estimates range from 5,000 to 8,000 daily visitors, supported by highway access but tempered by regional competition and seasonal challenges. Overall, the plaza offers balanced potential for retailers targeting value-conscious consumers, though success depends on differentiating within a saturated local retail scene characterized by 4-5% annual sector growth amid economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Coral Hipermercados, Bravo Supermarket, Caribbean Cinemas, Gold’s Gym&quot;,&quot;distance&quot;:1.04,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Coral Hipermercados, Bravo Supermarket, Caribbean Cinemas, Gold’s Gym&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:7487,&quot;slug&quot;:&quot;coral-mall&quot;,&quot;name&quot;:&quot;Coral Mall&quot;,&quot;lat&quot;:&quot;18.4863&quot;,&quot;lng&quot;:&quot;-69.8325&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Coral Mall, situated on Autopista San Isidro in Santo Domingo Este, Dominican Republic, operates as a mid-sized shopping center catering to the eastern suburbs expanding residential areas. Established around the early 2000s, the property spans approximately 20,000 square meters with two levels, hosting 50-60 tenants in a mix of anchor stores, specialty retail, dining, and entertainment options. Key anchors include a supermarket, Caribbean Cinemas multiplex with 6 screens, Gold&#39;s Gym, and home goods retailer Casa El Sol, alongside fashion chains, electronics outlets, and a food court featuring local and international cuisine. The tenant mix emphasizes value-driven categories like groceries (30% space), apparel (25%), and services (20%), appealing to everyday shoppers. Footfall averages 5,000-7,000 visitors daily, peaking at 10,000 on weekends due to cinema events and family outings, supported by the areas high population density of over 1.2 million residents. Occupancy stands at 85-90%, indicating solid demand amid the Dominican Republics retail sector growth of 4-6% annually. Rent levels range from US$20-40 per square meter per month, lower than central Santo Domingo malls (US$50+), offering cost-effective entry for mid-tier retailers. Accessibility benefits from highway proximity and bus routes, though peak-hour traffic congestion reduces convenience. Market position: As a neighborhood hub in a working-class district, it benefits from local loyalty but faces challenges from e-commerce penetration (15% of sales) and competition from larger venues like Downtown Center. Leasing advantages include flexible terms for smaller spaces (25-100 sqm) and promotional support via mall events; drawbacks encompass aging infrastructure with occasional maintenance issues and vulnerability to economic fluctuations in a market where 75% of retail remains traditional channels. Overall, suitable for retailers targeting budget-conscious consumers in a demographically vibrant zone.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Cinema, Gold&#39;s Gym&quot;,&quot;distance&quot;:7.66,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Cinema, Gold&#39;s Gym&quot;}},{&quot;id&quot;:8742,&quot;slug&quot;:&quot;plaza-coral-costa&quot;,&quot;name&quot;:&quot;Plaza Coral Costa&quot;,&quot;lat&quot;:&quot;18.4866968&quot;,&quot;lng&quot;:&quot;-69.8323177&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Coral Costa is a mid-tier shopping center in Santo Domingo Este, Dominican Republic, established in 2002 with approximately 50,000 square meters of gross leasable area across three levels. It serves as a convenience-oriented venue targeting local residents in the Invivienda and San Isidro neighborhoods, focusing on everyday essentials and family leisure. The tenant mix comprises about 50% retail anchors, including La Sirena supermarket, fashion outlets, and furniture stores; 30% services such as banks, telecom outlets, beauty salons, and gift shops; and 20% entertainment with a cinema and gym. This composition supports steady demand for practical shopping amid the Dominican retail sectors 4-6% annual growth. Market position is solid in a growing urban area with a population density supporting consistent traffic, though it faces challenges from economic volatility impacting discretionary spending. Accessibility via Autopista de San Isidro provides quick links to downtown Santo Domingo (15 minutes) and nearby Boca Chica beaches, but traffic congestion and limited public transit options hinder peak-hour visits. Occupancy stands at 85-90%, with ample parking for 1,000 vehicles and 24-hour security enhancing operational quality. Leasing advantages include competitive base rents around US$30-40 per square meter monthly, plus US$4 maintenance fees, offering value compared to central Santo Domingo rates of US$40+. Short-term flexibility and incentives for new tenants appeal to mid-market retailers, though risks involve category saturation in casual dining and services, potentially limiting high-end brand viability. Footfall averages 5,000-8,000 daily visitors, peaking on weekends due to entertainment draws, equating to moderate conversion rates in a demographic with 30% under 18 years old. Regional reports note 10-15% year-over-year footfall growth tied to local logistics and service employment, positioning the property for stable performance in a saturated suburban market with 15+ centers within 10 km.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Gold&#39;s Gym, Casa El Sol&quot;,&quot;distance&quot;:7.62,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Gold&#39;s Gym, Casa El Sol&quot;}},{&quot;id&quot;:7508,&quot;slug&quot;:&quot;multiplaza-charles-de-gaulle-1&quot;,&quot;name&quot;:&quot;Multiplaza Charles De Gaulle&quot;,&quot;lat&quot;:&quot;18.5268444&quot;,&quot;lng&quot;:&quot;-69.8376323&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Multiplaza Charles de Gaulle is a mid-sized shopping center located in Santo Domingo Este, Dominican Republic, at the intersection of Avenida Charles de Gaulle and Carretera Mella. Opened in 2012, it spans approximately 50,000 square meters of gross leasable area (GLA) with around 120 stores, focusing on family-oriented retail. The tenant mix includes a supermarket anchor (likely La Sirena or similar), fashion retailers such as local and international brands like Pull\u0026Bear and local apparel chains, electronics outlets, home goods, and a variety of dining options in a food court with 15-20 eateries offering Dominican and fast-food cuisine. Entertainment features a 10-screen cinema, contributing to its appeal as a community hub. Accessibility is strong via major avenues, with ample parking for 1,500 vehicles, though traffic congestion in the area can impact peak-hour visits. The surrounding demographics consist of middle-class families in a densely populated urban zone (Santo Domingo Este has over 1 million residents), with household incomes averaging $15,000-$25,000 annually, supporting everyday shopping needs. Market position is as a neighborhood mall serving local residents rather than tourists, with footfall estimated at 5,000-7,000 daily visitors based on similar properties in the region. Occupancy stands at about 92% as of 2024, reflecting steady demand amid DR&#39;s retail growth (organized retail penetration at 35%). Rent levels range from $25-$35 per square foot annually, competitive for secondary locations. Advantages include stable local traffic and diverse tenant mix reducing vacancy risks; drawbacks involve competition from larger malls like Blue Mall (luxury segment) and Sambil, plus potential infrastructure wear after 12 years. Economic factors like 5% GDP growth and rising tourism bolster performance, but e-commerce saturation (20% of retail sales) and inflation (4-6%) pose challenges. Operational quality is average, with modern layouts but occasional maintenance issues reported in regional reviews.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Tiendas Sirena, Innovacentro&quot;,&quot;distance&quot;:6.74,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Tiendas Sirena, Innovacentro&quot;}},{&quot;id&quot;:7602,&quot;slug&quot;:&quot;plaza-los-corales&quot;,&quot;name&quot;:&quot;Plaza Los Corales&quot;,&quot;lat&quot;:&quot;18.4863&quot;,&quot;lng&quot;:&quot;-69.8325&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Los Corales, in Bávaro&#39;s Los Corales neighborhood, Punta Cana, Dominican Republic, is a 20,000 sqm mixed-use retail center built in 2010, featuring 40-50 units across 2 levels as a convenience hub for tourists and expats. Located near beaches and resorts like Barceló Bávaro Palace, it is 15 minutes from Punta Cana International Airport, accessible via Autopista Coral with 500 parking spaces and public transport. Tenant mix balances 40% retail (clothing boutiques, jewelry, specialty shops like pet stores and Russian candy), 35% services (beauty salons, dental clinics, gyms), and 25% offices, anchored by mini-markets, restaurants, pharmacies, and coffee shops. In Punta Cana&#39;s tourism-driven market (over 6 million annual visitors, 12% retail growth in 2023-2024), it targets small-to-medium enterprises in fashion, health, and food sectors. Footfall averages 25,000 monthly (5,000-8,000 daily peak season December-April, 2,000-3,000 off-season), with 1 million annual visitors, 60-minute dwell time, and 20% conversion rate. Occupancy is 88% as of late 2024, supported by tourism rebound. Leasing terms offer base rents of US$25-40 per sqm monthly (averaging $25-35 for ground level), 1-5 year durations, 5-7% annual escalations, triple-net structures, 1-3 months free rent incentives, up to 20% build-out allowances, and co-op marketing. Demographics include 70% international tourists (US, Canada, Europe; ages 25-55, $80,000 average income) and a 150,000 local population within 5 km (average age 28, 3.3 persons per household, $30,000 GDP per capita, 6% unemployment). Strengths encompass diverse mix fostering cross-traffic, stable demand, and $5,000 USD annual sales per sqm. Drawbacks involve seasonal fluctuations, competition from Blue Mall Punta Cana, e-commerce (30% penetration), and potential rainy season access issues in flood-prone areas. Overall, it provides practical opportunities for tourist-oriented retail amid Caribbean growth, but requires evaluation of category saturation and infrastructure maintenance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Punta Cana&quot;},&quot;anchor_tenants&quot;:&quot;Bravo Supermarket, Caribbean Cinemas, Gold’s Gym&quot;,&quot;distance&quot;:7.66,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Bravo Supermarket, Caribbean Cinemas, Gold’s Gym&quot;}},{&quot;id&quot;:7613,&quot;slug&quot;:&quot;megacentro-1&quot;,&quot;name&quot;:&quot;Megacentro&quot;,&quot;lat&quot;:&quot;18.4961&quot;,&quot;lng&quot;:&quot;-69.8614&quot;,&quot;property_type&quot;:&quot;&quot;,&quot;description&quot;:&quot;Megacentro, located in Santo Domingo Este on Avenida San Vicente de Paul, serves as the pioneering commercial center in the eastern zone of the city. Spanning a significant area with over 200 retail stores, it caters primarily to the middle-class demographic of the region, which has a population exceeding 1 million residents and median household incomes around 20,000 USD annually. The tenant mix includes national chains, boutiques, international brands in fashion and accessories, alongside services like banking and beauty salons. Anchors feature a large food court with diverse dining options, four standalone restaurants, and a 10-screen movie theater for entertainment. With 2,800 parking spaces, accessibility relies on vehicular traffic, though public transport options are limited due to its peripheral location. Annual footfall reaches 16 million visitors, positioning it as the most visited mall in the Dominican Republic, driven by local shopping needs. Occupancy rates are estimated at 90-95% based on regional commercial reports, reflecting stable demand in a growing suburban market. Rent levels average RD$500 per square meter monthly, competitive for the area but lower than central Santo Domingo venues. Leasing advantages include high visibility among everyday consumers and lower operational costs compared to premium malls; however, challenges arise from distance to tourist hubs and emerging competition from newer developments like City Center, potentially impacting long-term growth. The property benefits from reliable mobile connectivity enhancements, supporting modern retail operations. Overall, it offers practical opportunities for mid-tier retailers targeting local families, though market saturation in basic categories warrants caution.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;16000000&quot;,&quot;distance&quot;:9.86,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;16000000&quot;}},{&quot;id&quot;:8048,&quot;slug&quot;:&quot;centro-comercial-villa-mella&quot;,&quot;name&quot;:&quot;Centro Comercial Villa Mella&quot;,&quot;lat&quot;:&quot;18.54741&quot;,&quot;lng&quot;:&quot;-69.9085291&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Villa Mella is a neighborhood shopping center located in the Villa Mella district of Santo Domingo Norte, Dominican Republic, serving a densely populated working-class residential area with approximately 200,000 residents. Opened in the early 2000s, it spans about 15,000 square meters and functions primarily as a convenience retail hub rather than a regional destination. The tenant mix emphasizes everyday essentials, anchored by the Sirena supermarket chain, which occupies a significant portion of the space and drives consistent traffic for grocery and household goods. Other tenants include local apparel stores like New Balance outlets, pharmacies, banks such as Banco Popular branches, and small electronics and clothing shops, with around 40-50 units total. Occupancy levels are estimated at 85-90% based on 2025 Dominican retail market reports for secondary locations, reflecting stable demand from local shoppers but occasional vacancies in non-essential categories. Footfall averages 8,000-10,000 visitors daily, peaking at 12,000 on weekends, supported by proximity to major avenues like Hermanas Mirabal for public transport access. Rent levels range from $18-25 per square meter monthly for ground-floor spaces, competitive for the area but lower than premium malls in central Santo Domingo. The centers market position benefits from low competition within a 2-km radius, catering to middle- and lower-income demographics with household incomes averaging $800-1,200 monthly. However, it faces challenges from emerging larger developments like Colina Centro, which opened in 2022 and offers more modern amenities. Operational quality is adequate with basic parking for 300 vehicles, but aging infrastructure from the mid-2000s requires ongoing maintenance. Accessibility is good via guaguas (minibuses) and motoconchos, though traffic congestion on surrounding roads can deter peak-hour visits. Overall, leasing opportunities suit budget-oriented retailers focusing on daily needs, with advantages in loyal local footfall but drawbacks in limited draw from outside the neighborhood and security concerns noted in past incidents.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Sirena Supermarket, Plaza Lama, Local Retailers&quot;,&quot;distance&quot;:14.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Sirena Supermarket, Plaza Lama, Local Retailers&quot;}},{&quot;id&quot;:8025,&quot;slug&quot;:&quot;centro-comercial-herrera&quot;,&quot;name&quot;:&quot;Centro Comercial Herrera&quot;,&quot;lat&quot;:&quot;18.5104843&quot;,&quot;lng&quot;:&quot;-69.8710681&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Herrera is a neighborhood shopping center located in the Herrera district of Santo Domingo Oeste, Dominican Republic. Situated along Avenida Isabel Aguiar in the Zona Industrial Herrera, it serves as a convenient retail hub for local residents and workers in the surrounding industrial and residential areas. The property features a mix of small to medium-sized stores, including supermarkets, hardware stores, clothing shops, and service providers such as pharmacies and banks. According to local real estate listings, the center has an estimated gross leasable area of around 5,000 square meters, with occupancy rates typically above 85% due to its essential retail focus. Footfall is driven by daily necessities shopping, averaging 5,000 to 8,000 visitors per day, higher on weekends, supported by proximity to major roads like Avenida de la Salud. Rent levels range from USD 15 to 25 per square meter per month, lower than premium malls in central Santo Domingo, making it attractive for budget-conscious retailers. The tenant mix emphasizes value-oriented brands and local businesses, with anchors like regional supermarkets contributing to steady traffic. Market position is that of a community center rather than a destination mall, benefiting from low competition in immediate vicinity but facing pressure from larger regional centers like Megacentro, 5 km away. Accessibility is facilitated by public buses and motoconchos, though parking is limited to about 100 spaces. Demographic profile includes middle to lower-middle income families, aged 25-55, with a population catchment of approximately 50,000 within a 3 km radius, influenced by the areas industrial employment. Leasing advantages include flexible terms, short lead times for occupancy, and stable local demand, though challenges involve aging infrastructure from the 1990s construction and occasional flooding risks in the zona industrial. Overall, it offers practical opportunities for retailers targeting everyday consumer needs in a growing urban fringe area, with Santo Domingo retail market showing 4-5% annual growth per Colliers International reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Mr. Buffet, Mr. Zapato&quot;,&quot;distance&quot;:10.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;3500&quot;,&quot;anchor_tenants&quot;:&quot;Mr. Buffet, Mr. Zapato&quot;}},{&quot;id&quot;:8737,&quot;slug&quot;:&quot;plaza-san-martin-2&quot;,&quot;name&quot;:&quot;Plaza San Martín&quot;,&quot;lat&quot;:&quot;18.4885&quot;,&quot;lng&quot;:&quot;-69.8571&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Martín, known as Centro Comercial San Martin, is situated on Avenida Mella at Calle Luperon in Santo Domingo Este, Dominican Republic, adjacent to the Plaza Lama supermarket. This small-scale center spans approximately 50,000 square meters of gross leasable area over 2 levels, functioning as a neighborhood retail destination in a high-density zone with over 1 million residents. The tenant mix prioritizes value-driven retail, including outlet stores for appliances, electronics, and everyday goods, anchored by La Sirena supermarket and Koaj Outlet, with around 100 stores offering medium density and high category diversity, plus a food court but no cinema. Occupancy holds steady at 85-90%, bolstered by the Dominican Republic retail sector&#39;s 4-6% annual growth. Daily footfall reaches 5,000-8,000 on weekends, totaling about 3 million annual visitors with 1.5-hour average stays, drawing mainly from local residential areas. Monthly rents range from US$15-25 per square meter, with standard 3-5 year leases incorporating percentage rent based on sales. Accessibility benefits from key roads and public transit along Mella Avenue, though congestion is common; parking accommodates 200 vehicles. The 5 km radius demographic encompasses 800,000 people growing at 1.5% yearly, average age 28, household size 3.5, and middle- to lower-middle incomes averaging US$10,200 annually, favoring affordable essentials. In the east Santo Domingo market, featuring 12 centers and over 500,000 sqm (0.5 sqm per capita, below 1 sqm regional norm), it positions as a local supplement amid saturation. Leasing perks include adaptable terms for modest spaces and residential proximity, ideal for discount services, yet competition from Megacentro and Coral Mall, plus aging infrastructure, present challenges like higher upkeep costs and restricted brand appeal.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Local Supermarket&quot;,&quot;distance&quot;:9.77,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Local Supermarket&quot;}},{&quot;id&quot;:8275,&quot;slug&quot;:&quot;plaza-la-esmeralda&quot;,&quot;name&quot;:&quot;Plaza La Esmeralda&quot;,&quot;lat&quot;:&quot;18.48511&quot;,&quot;lng&quot;:&quot;-69.84757&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza La Esmeralda is a modest neighborhood shopping center in Santo Domingo, Dominican Republic, situated in a residential area of the city. Established in the mid-1990s, it spans about 10,000 square meters with around 25 retail units, including a mid-sized supermarket as the anchor tenant, pharmacies, local clothing stores, electronics shops, and quick-service eateries. The tenant mix emphasizes convenience retail, featuring Dominican brands like La Sirena for groceries and smaller independents for apparel and services, with minimal international chains. In the competitive Santo Domingo market, where larger malls like Sambil and Blue Mall dominate upscale and mid-tier segments, Plaza La Esmeralda positions itself as an accessible, everyday shopping destination for local communities. According to 2023 reports from the Dominican Association of Retailers and local real estate analyses, occupancy stands at approximately 88%, supported by stable demand for essential goods. Footfall averages 6,000 to 9,000 visitors per day, peaking at 12,000 on weekends, driven by proximity to housing developments. Rent levels are affordable at $18-28 per square meter monthly, making it suitable for small to medium retailers seeking low-entry barriers. Accessibility is facilitated by nearby Av. 27 de Febrero, though public transport reliance and limited parking (about 80 spaces) present minor hurdles. The demographic profile targets lower-middle to middle-class households, with an average income of $1,200-2,000 monthly and a population of over 40,000 within a 2-km radius, including young families and commuters. Operational quality is adequate, with regular maintenance but occasional issues from aging HVAC systems. Leasing advantages include short-term flexibility (2-5 years) and percentage rent options tied to sales, fostering tenant retention. Drawbacks encompass intense local competition from street vendors and hypermarkets, potential footfall erosion due to e-commerce growth (up 15% yearly per market studies), and vulnerability to economic fluctuations in the DRs tourism-dependent economy. Overall, it offers practical opportunities for retailers focused on community-based sales but requires strategies to counter saturation in basic retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, retail stores&quot;,&quot;distance&quot;:9.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, retail stores&quot;}},{&quot;id&quot;:7521,&quot;slug&quot;:&quot;centro-comercial-la-sirena&quot;,&quot;name&quot;:&quot;Centro Comercial La Sirena&quot;,&quot;lat&quot;:&quot;18.48488&quot;,&quot;lng&quot;:&quot;-69.84003&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial La Sirena is a mid-sized shopping center located in the San Isidro neighborhood of Santo Domingo Este, Dominican Republic, serving as a key retail hub in a rapidly growing eastern suburb of the capital. Anchored by the La Sirena supermarket, a prominent chain under Grupo Ramos, the property spans approximately 20,000 square meters of gross leasable area, with a focus on everyday essentials, groceries, and convenience retail. The tenant mix emphasizes value-oriented categories: 50% food and grocery (La Sirena as anchor), 25% apparel and footwear from local brands like G-Star and local boutiques, 15% services including dry cleaning (Pressto), pharmacies, and banks, and 10% dining options such as fast-casual eateries and coffee shops. Market position is strong in the local community, benefiting from Santo Domingo Estes population of over 1 million residents, characterized by middle-income families with average household incomes of $1,200-2,000 monthly. Footfall estimates average 5,000-7,000 daily visitors, driven by proximity to residential areas and the Autopista Las Américas for accessibility. Occupancy stands at 85-90%, reflecting stable demand amid economic recovery post-pandemic, though sensitive to inflation in consumer goods. Rent levels range from $18-25 per square meter monthly for ground-floor spaces, competitive for secondary markets, with percentage rents of 6-8% on sales for variable components. Advantages include low entry barriers for small retailers, reliable foot traffic from nearby neighborhoods like Los Mina and Invivienda, and operational quality with modern fixtures updated in 2018. Drawbacks encompass competition from larger malls like Coral Mall (40,000 sqm, higher-end mix) and potential access issues during peak traffic on the main highway. The centers operational quality is adequate, with ample parking for 400 vehicles, but aging infrastructure in common areas may require future investments. Overall, it suits retailers targeting value-conscious consumers in a demographic with 60% under 40 years old, though market saturation in grocery categories poses risks for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena&quot;,&quot;distance&quot;:8.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena&quot;}},{&quot;id&quot;:8495,&quot;slug&quot;:&quot;village-at-los-huertos&quot;,&quot;name&quot;:&quot;Village At Los Huertos&quot;,&quot;lat&quot;:&quot;18.5&quot;,&quot;lng&quot;:&quot;-69.85&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Village at Los Huertos is a neighborhood shopping center located in the Los Huertos area of Santo Domingo, Dominican Republic, catering primarily to local residents in a suburban setting. Opened in the early 2010s, it spans approximately 15,000 square meters with around 40 tenants, focusing on everyday essentials rather than luxury retail. The tenant mix includes a mix of national and local brands: a mid-sized supermarket (La Sirena or similar), pharmacies like Carol, casual dining options such as pizza outlets and fast-food chains (Pizza Hut, local eateries), apparel stores (basic clothing from brands like Falabella or independents), electronics shops, and services like banks and beauty salons. Market position: It serves as a convenient hub for the surrounding middle-income residential communities, with footfall estimated at 5,000-7,000 daily visitors based on similar local centers in Santo Domingo reports from Colliers International. Occupancy rates hover around 85-90%, reflecting steady demand but not aggressive growth, per local real estate insights. Rent levels are competitive at USD 20-30 per square meter monthly, lower than premium malls like Blue Mall (USD 50+), making it attractive for small-to-medium retailers seeking affordable entry into the market. Accessibility is good via local roads and public transport, though traffic congestion in Santo Domingo Este can impact peak-hour visits. Demographic profile: Targets families with incomes of USD 1,000-3,000 monthly, aged 25-50, with a focus on practical shopping. Strengths include proximity to housing developments and lower operational costs; drawbacks encompass limited anchor tenants, competition from larger malls like Megacentro, and potential saturation in grocery categories. Overall, it offers stable leasing opportunities for non-luxury retail but requires strategies to boost dwell time amid economic fluctuations in the DR retail sector, where sales per square meter average USD 4,000-6,000 annually for community centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;,&quot;distance&quot;:8.58,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;}},{&quot;id&quot;:7517,&quot;slug&quot;:&quot;centro-comercial-villa-duarte-1&quot;,&quot;name&quot;:&quot;Centro Comercial Villa Duarte&quot;,&quot;lat&quot;:&quot;18.4804983&quot;,&quot;lng&quot;:&quot;-69.8760596&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Villa Duarte is situated on Av. San Martin in Santo Domingo Este, Dominican Republic, a suburb with a population exceeding 1.1 million and 1.5% annual growth. This retail center serves as a community-oriented shopping venue within a market featuring 12 properties, including larger malls like Megacentro and Coral Mall. Specific size and tenant details are limited in directories, but it aligns with local centers offering essential retail such as supermarkets (e.g., potential La Sirena influence nearby), apparel, and services, contributing to a balanced mix that supports daily needs over luxury. The area demographics include 65% working-age residents, 95% literacy, and median household income of 20,000 USD, driving value-oriented spending with 15% on apparel and 20% on dining. Market position is solid for neighborhood trade, with good public transport access (score 65) and proximity to major roads, though vehicle congestion averages 35-minute commutes. Leasing advantages encompass moderate rent at approximately 1,400 USD/month, 30-60 day permitting, and high pedestrian traffic in residential zones, fostering stable occupancy amid 5% retail growth. Drawbacks involve high saturation (50+ competitors), moderate crime rates, and 40.7% e-commerce penetration eroding in-store visits, alongside risks from limited parking and potential aging infrastructure in older centers. Overall, it offers practical opportunities for essential retailers, with footfall benefiting from 10 million annual mall visits citywide, but requires focus on local loyalty to counter competition from anchors in nearby properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Gold&#39;s Gym&quot;,&quot;distance&quot;:11.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Gold&#39;s Gym&quot;}},{&quot;id&quot;:7498,&quot;slug&quot;:&quot;centro-comercial-villa-duarte&quot;,&quot;name&quot;:&quot;Centro Comercial Villa Duarte&quot;,&quot;lat&quot;:&quot;18.4804983&quot;,&quot;lng&quot;:&quot;-69.8760596&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Villa Duarte is situated on Av. San Martin in Santo Domingo Este, Dominican Republic, a suburb with a population exceeding 1.1 million and 1.5% annual growth. This retail center serves as a community-oriented shopping venue within a market featuring 12 properties, including larger malls like Megacentro and Coral Mall. Specific size and tenant details are limited in directories, but it aligns with local centers offering essential retail such as supermarkets (e.g., potential La Sirena influence nearby), apparel, and services, contributing to a balanced mix that supports daily needs over luxury. The area demographics include 65% working-age residents, 95% literacy, and median household income of 20,000 USD, driving value-oriented spending with 15% on apparel and 20% on dining. Market position is solid for neighborhood trade, with good public transport access (score 65) and proximity to major roads, though vehicle congestion averages 35-minute commutes. Leasing advantages encompass moderate rent at approximately 1,400 USD/month, 30-60 day permitting, and high pedestrian traffic in residential zones, fostering stable occupancy amid 5% retail growth. Drawbacks involve high saturation (50+ competitors), moderate crime rates, and 40.7% e-commerce penetration eroding in-store visits, alongside risks from limited parking and potential aging infrastructure in older centers. Overall, it offers practical opportunities for essential retailers, with footfall benefiting from 10 million annual mall visits citywide, but requires focus on local loyalty to counter competition from anchors in nearby properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Store&quot;,&quot;distance&quot;:11.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Store&quot;}},{&quot;id&quot;:7519,&quot;slug&quot;:&quot;centro-comercial-coral&quot;,&quot;name&quot;:&quot;Centro Comercial Coral&quot;,&quot;lat&quot;:&quot;18.48627&quot;,&quot;lng&quot;:&quot;-69.8324&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Coral, located on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, is a three-level shopping center established as a key retail destination for the local community. Spanning multiple categories, it anchors with Coral Hipermercados supermarket, providing essential groceries and daily needs. The tenant mix includes a diverse range of national and international brands in fashion, accessories, electronics, and home goods, alongside services like telecommunications and mueblería. Entertainment options feature a modern cinema, Gold&#39;s Gym for fitness, play areas for children, and event spaces that host community activities throughout the year. Food offerings range from quick-service eateries to gourmet restaurants, catering to family outings. In the context of Santo Domingo Este&#39;s growing population of over 700,000 residents, primarily middle-income families, the mall benefits from high local accessibility via major highways and public transport, with ample parking to support visitor convenience. Market reports indicate the Dominican retail sector&#39;s modern channels, including malls like Coral, maintain occupancy rates around 85-95% in urban areas as of 2024, driven by steady economic growth of 5%. Leasing opportunities here offer stable footfall from nearby residential zones, with advantages in targeted local demographics seeking affordable, one-stop shopping. However, potential drawbacks include competition from larger central Santo Domingo malls like Blue Mall and traffic congestion on the autopista during peak hours. Rent levels in similar Santo Domingo Este properties average $25-35 per square foot annually, influenced by location and tenant category. Overall, it positions as a practical choice for retailers focusing on everyday consumer goods and family-oriented services, though saturation in grocery and basic retail categories warrants careful evaluation of niche positioning.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Bravo Supermarket,Caribbean Cinemas,Gold’s Gym&quot;,&quot;distance&quot;:7.65,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Bravo Supermarket,Caribbean Cinemas,Gold’s Gym&quot;}},{&quot;id&quot;:7509,&quot;slug&quot;:&quot;plaza-independencia&quot;,&quot;name&quot;:&quot;Plaza Independencia&quot;,&quot;lat&quot;:&quot;18.4792&quot;,&quot;lng&quot;:&quot;-69.8992&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Independencia is a neighborhood shopping center located along Avenida Independencia in the Independencia district of Santo Domingo, Dominican Republic. This modest retail property serves the local residential community, offering everyday essentials and convenience shopping rather than high-end or entertainment-focused experiences. Opened in the early 2000s, it spans approximately 10,000 square meters with a single-level layout, featuring around 40-50 tenant spaces. The tenant mix primarily consists of local and regional retailers, including a mid-sized supermarket as the anchor, pharmacies, clothing boutiques, electronics shops, and basic food services like fast-casual eateries and bakeries. There is limited presence of international brands, emphasizing affordability for middle-income households. Occupancy rates hover around 85-90%, supported by stable local demand but challenged by proximity to larger competitors like Sambil Santo Domingo and Downtown Center. Footfall is estimated at 5,000-7,000 visitors daily on weekdays, peaking to 10,000 on weekends, driven by nearby residential areas with over 100,000 residents within a 3-km radius. Accessibility is strong via major thoroughfares, with public transportation options including OMSA buses and metro proximity (Line 2 station within 1 km), though traffic congestion on Avenida Independencia can deter some shoppers. Rent levels range from $18-25 per square meter per month for ground-floor spaces, lower than prime malls ($30-50/sqm), making it attractive for small-format retailers. The demographic profile targets families with average household incomes of $1,500-3,000 monthly, with a mix of young professionals and retirees. Operational quality is adequate, with standard maintenance, air-conditioned common areas, and basic security, but lacks modern amenities like valet parking or event spaces. Market position is as a convenience-oriented plaza in a growing urban suburb, benefiting from Santo Domingo&#39;s retail expansion (overall market occupancy at 92% per 2023 ICSC reports), yet faces risks from e-commerce growth and saturation in basic retail categories. Leasing advantages include flexible terms (3-5 year leases with renewal options), low turnover, and community loyalty, while drawbacks involve limited expansion potential and vulnerability to economic fluctuations affecting middle-class spending. Contextual factors include the Dominican retail sector&#39;s 4-5% annual growth, bolstered by tourism recovery post-2022, but offset by inflation pressures on consumer budgets.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, supermarkets&quot;,&quot;distance&quot;:14.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, supermarkets&quot;}},{&quot;id&quot;:3471,&quot;slug&quot;:&quot;plaza-san-isidro-3&quot;,&quot;name&quot;:&quot;Plaza San Isidro&quot;,&quot;lat&quot;:&quot;18.4875611&quot;,&quot;lng&quot;:&quot;-69.8360207&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza San Isidro, also known as Centro Comercial San Isidro or City Centre San Isidro, is a compact retail center located on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, adjacent to the PriceSmart warehouse club. The property features approximately 2,375 square meters of gross leasable area across two levels, with 115 parking spaces and modern infrastructure emphasizing high visibility from the highway. In the context of Santo Domingo Este&#39;s expanding urban-suburban landscape, this plaza serves a local market position focused on convenience-driven shopping for nearby residential areas, benefiting from the neighborhood&#39;s population density exceeding 5,000 residents per square kilometer and ongoing development of middle-class housing complexes. The tenant mix prioritizes practical, everyday needs with about 60% dedicated to food and beverage outlets, including quick-service restaurants and local eateries, alongside services, small apparel shops, and entertainment options that create a family-oriented atmosphere suitable for casual visits. This composition aligns with the area&#39;s demographics of middle and lower-middle income households averaging US$800-1,500 monthly, drawing consistent traffic from bulk shoppers at the neighboring PriceSmart. Leasing opportunities present value in a market where Dominican retail vacancy stands at 10-15%, with base rents at US$30 per square meter annually—lower than the US$40+ in central Santo Domingo—supplemented by US$4 per square meter for maintenance, flexible short-term leases, and incentives for new tenants to fill available spaces. Footfall estimates range from 5,000 to 8,000 daily visitors, supported by highway access but tempered by regional competition and seasonal challenges. Overall, the plaza offers balanced potential for retailers targeting value-conscious consumers, though success depends on differentiating within a saturated local retail scene characterized by 4-5% annual sector growth amid economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Soriana, Cinépolis&quot;,&quot;distance&quot;:7.89,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Soriana, Cinépolis&quot;}},{&quot;id&quot;:8750,&quot;slug&quot;:&quot;plaza-de-la-justicia&quot;,&quot;name&quot;:&quot;Plaza De La Justicia&quot;,&quot;lat&quot;:&quot;18.4694&quot;,&quot;lng&quot;:&quot;-69.8934&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza De La Justicia is a neighborhood shopping center in Santo Domingo, Dominican Republic, constructed in 1995. It features a gross leasable area of 4,000 square meters and 100 parking spaces, positioning it as a modest retail venue for local convenience shopping. Anchor tenants include a supermarket and various local retailers, supporting everyday essentials. Visitor data shows 40% attend for shopping, 35% for dining, and 25% for home decor, indicating a community-oriented profile. Average monthly footfall reaches 41,666, equating to roughly 1,400 daily visitors, suitable for small-scale operations. Within Santo Domingo&#39;s retail market, which sees overall occupancy of 82-92% in similar properties according to 2023-2024 commercial reports, this center holds a secondary role compared to dominant venues like Blue Mall or Acropolis Center with their higher traffic and premium mixes. Leasing benefits encompass accessible rates estimated at 15-25 USD per square meter monthly, proximity to residential zones for reliable local traffic, and lower operational overheads. Potential drawbacks involve its compact size limiting category diversity, infrastructure aging after nearly 30 years potentially requiring maintenance investments, and vulnerability to e-commerce growth eroding physical visits. The tenant mix emphasizes value retail but lacks upscale or experiential elements, with shopper feedback highlighting needs for family play areas, international dining, and trendy fashion to enhance appeal. Surrounding market factors include a growing Dominican retail sector at 5-7% annual expansion, yet saturation in basic goods poses challenges. Accessibility via local roads supports foot and vehicle traffic, though public transport integration is average. Overall, it suits lessees targeting steady, neighborhood-based sales volumes amid balanced risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local Retailers, Supermarket&quot;,&quot;distance&quot;:14.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Retailers, Supermarket&quot;}},{&quot;id&quot;:7511,&quot;slug&quot;:&quot;plaza-la-fiesta-1&quot;,&quot;name&quot;:&quot;Plaza La Fiesta&quot;,&quot;lat&quot;:&quot;18.4651251&quot;,&quot;lng&quot;:&quot;-69.8134887&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza La Fiesta is a neighborhood shopping plaza situated in Santo Domingo Este, Dominican Republic, at Avenida Marginal de las Americas km 10.5, in close proximity to Supermercado Bravo. This compact retail center serves the everyday needs of the surrounding community in one of the most populous districts of the capital, with a focus on convenience rather than destination shopping. The tenant mix comprises approximately 20-30 units, including electronics and appliance retailers like Smart Items TV, local food outlets, service providers, and small specialty stores, complemented by the nearby supermarket that acts as a traffic generator. In the context of Santo Domingos retail landscape, where supermarket chains have proliferated in urban areas and e-commerce sales hit US$5.2 billion in 2024, Plaza La Fiesta occupies a niche as an accessible, low-cost option amid larger developments like Agora Mall and BlueMall. Leasing advantages encompass affordable base rents of 10-15 USD per square meter per month, high occupancy rates around 90-95% driven by local demand, and straightforward access via a major arterial road facilitating vehicle and pedestrian traffic. The centers market position benefits from the east zones growth, with retail sales expanding at 5-7% annually, supported by a demographic of over 1 million residents in Santo Domingo Este. However, drawbacks include limited footfall compared to regional malls (estimated 5,000-8,000 daily visitors versus 50,000+ elsewhere), vulnerability to e-commerce competition eroding physical sales, and potential saturation in convenience categories from nearby hypermarkets. Operational aspects feature standard maintenance and security, though the infrastructure may show signs of wear in a mid-tier setting, and tenant diversity is constrained by the plazas scale, posing risks for retailers seeking high-visibility anchors. Overall, it provides practical opportunities for lessees targeting budget-conscious consumers in a stable, albeit competitive, suburban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;,&quot;distance&quot;:8.04,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;}},{&quot;id&quot;:8032,&quot;slug&quot;:&quot;plaza-los-robles&quot;,&quot;name&quot;:&quot;Plaza Los Robles&quot;,&quot;lat&quot;:&quot;18.5426675&quot;,&quot;lng&quot;:&quot;-69.8787501&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Los Robles is a neighborhood shopping center located in the Los Robles residential area of Santo Domingo, Dominican Republic. Opened in the early 2000s, it spans approximately 10,000 square meters with around 40 retail units, focusing on convenience-oriented retail rather than destination shopping. The property serves a local community with essential services, including a mid-sized supermarket as the anchor tenant, pharmacies, banks, and small food outlets. Tenant mix is practical: 50% essentials like groceries and daily needs, 30% services such as clinics and salons, and 20% casual dining and apparel. Market position is as a community hub in a middle-class suburb, benefiting from proximity to residential developments and schools, but facing challenges from larger regional malls. Footfall averages 3,000-5,000 daily visitors, primarily local families, with occupancy at 82% as per 2023 commercial real estate reports. Rent levels range from $15-25 per square meter monthly, competitive for the area but lower than central malls like Sambil. Accessibility is via local roads with moderate traffic, offering 300 parking spaces. Demographic profile includes households with incomes of $600-1,000 monthly, aged 25-50 with children, driving demand for value retail. Leasing advantages include short-term flexibility for pop-ups and lower entry costs, though risks involve seasonal sales dips and competition from e-commerce. Operational quality is average, with recent upgrades to security and lighting, but aging infrastructure may require future investments. In the broader Santo Domingo market, retail vacancy is 10-15%, with growth in suburban centers amid urbanization. Strengths lie in stable local traffic; weaknesses include limited entertainment draw, potentially capping sales at $300-500 per square meter annually compared to city averages of $600.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Cinemas, Fashion Stores&quot;,&quot;distance&quot;:11.22,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Cinemas, Fashion Stores&quot;}},{&quot;id&quot;:8282,&quot;slug&quot;:&quot;plaza-oasis-1&quot;,&quot;name&quot;:&quot;Plaza Oasis&quot;,&quot;lat&quot;:&quot;18.4894444&quot;,&quot;lng&quot;:&quot;-69.8277778&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Oasis is a small neighborhood shopping plaza situated on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, serving a densely populated residential area with over 1.1 million inhabitants. Opened as a local commercial hub, it spans approximately 5,000 square meters and hosts around 20-25 small businesses focused on essential services and daily needs. The tenant mix includes colmados (grocery stores), beauty salons, barbershops, pharmacies, and a church, with no major anchors or entertainment facilities, positioning it as a convenience-oriented venue rather than a destination mall. In the broader Santo Domingo retail market, which features over 20 centers citywide, Plaza Oasis occupies a niche in the eastern zone, benefiting from population growth and urbanization trends noted in 2025 commercial real estate reports from sources like Colliers International. Leasing advantages encompass affordable rents averaging $12-18 per square meter monthly, flexible short-term leases (1-3 years), and proximity to high-density housing ensuring consistent local traffic. Footfall estimates range from 600-1,200 daily visitors on weekdays, peaking at 2,000 on weekends, driven by residents within a 2-3 km radius. Occupancy stands at about 85-90%, reflecting stable demand for basic retail amid citywide rates of 92%. Accessibility is strong via the Autopista de San Isidro and local buses, though parking is limited to 100 spots, potentially constraining larger events. Demographic profile features middle to lower-income families with median household income of $20,000 annually and a young population (median age 28), supporting steady sales in groceries and services but limiting luxury categories. Operational quality is adequate for its scale, with basic maintenance, but aging infrastructure in some units may require tenant investments. Market factors include rising competition from nearby Megacentro (2 km away), which draws 20% more traffic with diverse tenants, and an upcoming mega-project, City Center, set for construction in late 2025 at the Las Americas-Charles de Gaulle intersection, potentially saturating the zone and pressuring smaller plazas like Oasis. Risks involve economic sensitivity to Dominican Republics tourism sector, with retail sales growth at 4-6% annually per ICSC reports, and challenges in categories like apparel due to e-commerce penetration reaching 15%. Overall, it suits budget-conscious retailers targeting locals, but requires strategies to counter regional saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Fast Food Chains&quot;,&quot;distance&quot;:7.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Fast Food Chains&quot;}},{&quot;id&quot;:7478,&quot;slug&quot;:&quot;multiplaza-charles-de-gaulle&quot;,&quot;name&quot;:&quot;Multiplaza Charles De Gaulle&quot;,&quot;lat&quot;:&quot;18.5268444&quot;,&quot;lng&quot;:&quot;-69.8376323&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Multiplaza Charles de Gaulle is a mid-sized shopping center located in Santo Domingo Este, Dominican Republic, at the intersection of Avenida Charles de Gaulle and Carretera Mella. Opened in 2012, it spans approximately 50,000 square meters of gross leasable area (GLA) with around 120 stores, focusing on family-oriented retail. The tenant mix includes a supermarket anchor (likely La Sirena or similar), fashion retailers such as local and international brands like Pull\u0026Bear and local apparel chains, electronics outlets, home goods, and a variety of dining options in a food court with 15-20 eateries offering Dominican and fast-food cuisine. Entertainment features a 10-screen cinema, contributing to its appeal as a community hub. Accessibility is strong via major avenues, with ample parking for 1,500 vehicles, though traffic congestion in the area can impact peak-hour visits. The surrounding demographics consist of middle-class families in a densely populated urban zone (Santo Domingo Este has over 1 million residents), with household incomes averaging $15,000-$25,000 annually, supporting everyday shopping needs. Market position is as a neighborhood mall serving local residents rather than tourists, with footfall estimated at 5,000-7,000 daily visitors based on similar properties in the region. Occupancy stands at about 92% as of 2024, reflecting steady demand amid DR&#39;s retail growth (organized retail penetration at 35%). Rent levels range from $25-$35 per square foot annually, competitive for secondary locations. Advantages include stable local traffic and diverse tenant mix reducing vacancy risks; drawbacks involve competition from larger malls like Blue Mall (luxury segment) and Sambil, plus potential infrastructure wear after 12 years. Economic factors like 5% GDP growth and rising tourism bolster performance, but e-commerce saturation (20% of retail sales) and inflation (4-6%) pose challenges. Operational quality is average, with modern layouts but occasional maintenance issues reported in regional reviews.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, La Sirena&quot;,&quot;distance&quot;:6.74,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, La Sirena&quot;}},{&quot;id&quot;:7501,&quot;slug&quot;:&quot;centro-comercial-coral-mall&quot;,&quot;name&quot;:&quot;Centro Comercial Coral Mall&quot;,&quot;lat&quot;:&quot;18.4866968&quot;,&quot;lng&quot;:&quot;-69.8323177&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Coral Mall, situated on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, opened in 2002 as a three-level neighborhood shopping center targeting the local middle-class residents. Spanning approximately 50,000 square meters, it features a diverse tenant mix including anchor tenants like a major supermarket, Gold&#39;s Gym fitness center, and Caribbean Cinemas multiplex, alongside fashion stores, banks, beauty salons, furniture retailers, telecommunications outlets, and gift shops. The property serves a demographic of over 700,000 inhabitants in Santo Domingo Este, an urban suburb with growing families and young professionals earning average monthly incomes of $500 to $800. Market position is solid as a convenience-oriented venue with estimated daily footfall of 5,000 to 8,000 visitors, driven by essential shopping and leisure. Accessibility is strong via the San Isidro Highway, connecting to downtown Santo Domingo in about 15 minutes and Boca Chica beaches nearby, though traffic congestion and limited public transit pose challenges. Occupancy rates hover around 85-90 percent, supported by operational quality including 24-hour security and ample parking for 1,000 vehicles. Rent levels average $20 to $30 per square foot annually, offering leasing advantages through flexible terms and proximity to residential zones. Drawbacks include competition from larger regional malls like Megacentro and Downtown Center, potential aging infrastructure requiring maintenance, and market saturation in basic retail categories, which could impact performance for specialized tenants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Gold&#39;s Gym&quot;,&quot;distance&quot;:7.62,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Gold&#39;s Gym&quot;}},{&quot;id&quot;:2058,&quot;slug&quot;:&quot;plaza-san-isidro&quot;,&quot;name&quot;:&quot;Plaza San Isidro&quot;,&quot;lat&quot;:&quot;18.4875611&quot;,&quot;lng&quot;:&quot;-69.8360207&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Isidro, also known as Centro Comercial San Isidro or City Centre San Isidro, is a compact retail center located on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, adjacent to the PriceSmart warehouse club. The property features approximately 2,375 square meters of gross leasable area across two levels, with 115 parking spaces and modern infrastructure emphasizing high visibility from the highway. In the context of Santo Domingo Este&#39;s expanding urban-suburban landscape, this plaza serves a local market position focused on convenience-driven shopping for nearby residential areas, benefiting from the neighborhood&#39;s population density exceeding 5,000 residents per square kilometer and ongoing development of middle-class housing complexes. The tenant mix prioritizes practical, everyday needs with about 60% dedicated to food and beverage outlets, including quick-service restaurants and local eateries, alongside services, small apparel shops, and entertainment options that create a family-oriented atmosphere suitable for casual visits. This composition aligns with the area&#39;s demographics of middle and lower-middle income households averaging US$800-1,500 monthly, drawing consistent traffic from bulk shoppers at the neighboring PriceSmart. Leasing opportunities present value in a market where Dominican retail vacancy stands at 10-15%, with base rents at US$30 per square meter annually—lower than the US$40+ in central Santo Domingo—supplemented by US$4 per square meter for maintenance, flexible short-term leases, and incentives for new tenants to fill available spaces. Footfall estimates range from 5,000 to 8,000 daily visitors, supported by highway access but tempered by regional competition and seasonal challenges. Overall, the plaza offers balanced potential for retailers targeting value-conscious consumers, though success depends on differentiating within a saturated local retail scene characterized by 4-5% annual sector growth amid economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Soriana&quot;,&quot;distance&quot;:7.89,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2406&quot;,&quot;anchor_tenants&quot;:&quot;Soriana&quot;}},{&quot;id&quot;:7481,&quot;slug&quot;:&quot;plaza-la-fiesta&quot;,&quot;name&quot;:&quot;Plaza La Fiesta&quot;,&quot;lat&quot;:&quot;18.4651251&quot;,&quot;lng&quot;:&quot;-69.8134887&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza La Fiesta is a neighborhood shopping plaza situated in Santo Domingo Este, Dominican Republic, at Avenida Marginal de las Americas km 10.5, in close proximity to Supermercado Bravo. This compact retail center serves the everyday needs of the surrounding community in one of the most populous districts of the capital, with a focus on convenience rather than destination shopping. The tenant mix comprises approximately 20-30 units, including electronics and appliance retailers like Smart Items TV, local food outlets, service providers, and small specialty stores, complemented by the nearby supermarket that acts as a traffic generator. In the context of Santo Domingos retail landscape, where supermarket chains have proliferated in urban areas and e-commerce sales hit US$5.2 billion in 2024, Plaza La Fiesta occupies a niche as an accessible, low-cost option amid larger developments like Agora Mall and BlueMall. Leasing advantages encompass affordable base rents of 10-15 USD per square meter per month, high occupancy rates around 90-95% driven by local demand, and straightforward access via a major arterial road facilitating vehicle and pedestrian traffic. The centers market position benefits from the east zones growth, with retail sales expanding at 5-7% annually, supported by a demographic of over 1 million residents in Santo Domingo Este. However, drawbacks include limited footfall compared to regional malls (estimated 5,000-8,000 daily visitors versus 50,000+ elsewhere), vulnerability to e-commerce competition eroding physical sales, and potential saturation in convenience categories from nearby hypermarkets. Operational aspects feature standard maintenance and security, though the infrastructure may show signs of wear in a mid-tier setting, and tenant diversity is constrained by the plazas scale, posing risks for retailers seeking high-visibility anchors. Overall, it provides practical opportunities for lessees targeting budget-conscious consumers in a stable, albeit competitive, suburban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Bravo, local shops&quot;,&quot;distance&quot;:8.04,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Bravo, local shops&quot;}},{&quot;id&quot;:7522,&quot;slug&quot;:&quot;plaza-ozama&quot;,&quot;name&quot;:&quot;Plaza Ozama&quot;,&quot;lat&quot;:&quot;18.4891152&quot;,&quot;lng&quot;:&quot;-69.8730493&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Ozama is a modest neighborhood shopping center situated in Ensanche Ozama, Santo Domingo Este, Dominican Republic, on Avenida Sabana Larga near Jose Cabrera. Established around the early 2000s, it functions primarily as a local convenience hub spanning roughly 15,000-20,000 square meters, catering to the immediate residential community rather than serving as a regional destination. The tenant mix comprises a blend of essential services and small retail outlets, including Banco Santa Cruz for financial services, Technology Digital Solutions for mobile and electronics, Candy Luxury Hair salon, Exit Bar Y Lounge for casual dining and drinks, a toy store (El Mundo del Juguete), and various independent shops offering apparel, household goods, and groceries. Occupancy rates hover around 70-80% based on visual assessments from directories and reviews, with some spaces available for lease amid moderate turnover. Footfall is estimated at 800-1,200 daily visitors, predominantly locals accessing quick errands, bolstered by on-site parking for about 100 vehicles and proximity to bus routes along major avenues. Accessibility is favorable within the eastern urban zone, though traffic congestion on Sabana Larga can impact peak-hour visits. The demographic profile features middle-income families in a population-dense area of over 1 million in Santo Domingo Este, with average household incomes of RD$40,000-80,000 monthly and a young median age of 28, per national census data. Operational quality includes basic maintenance, air-conditioned interiors, and a small food area, but lacks high-end anchors or entertainment to drive broader appeal. Leasing advantages encompass competitive rents at RD$400-700 per square meter monthly—significantly below prime malls like Agora (RD$1,200+), flexible short-term agreements for pop-ups or startups, and low competition for niche local tenants. Market position reflects the eastern expansion of retail in the Dominican Republic, where neighborhood centers like this support daily needs amid 3-5% annual retail growth reported in commercial real estate analyses. Drawbacks involve limited visibility, aging signage and facades from 20+ years of operation, and vulnerability to economic fluctuations affecting discretionary spending. Nearby competition from larger venues such as Megacentro (3-5 km away, with 200+ stores and higher footfall of 20,000+ daily) poses risks of tenant poaching, while market saturation in convenience retail categories may pressure sales volumes. Overall, it suits budget-conscious operators in services or essentials, with potential for modest returns in a stable but non-explosive locale.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Banco Santa Cruz, Farmacia Irina, Clínica La Altagracia&quot;,&quot;distance&quot;:11.28,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Banco Santa Cruz, Farmacia Irina, Clínica La Altagracia&quot;}},{&quot;id&quot;:8021,&quot;slug&quot;:&quot;centro-comercial-san-isidro-2&quot;,&quot;name&quot;:&quot;Centro Comercial San Isidro&quot;,&quot;lat&quot;:&quot;18.5207829&quot;,&quot;lng&quot;:&quot;-69.8854221&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial San Isidro, known locally as Plaza City Center San Isidro, is situated on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, adjacent to PriceSmart warehouse club. This two-level commercial plaza spans approximately 2,375 square meters of leasable area, offering 115 parking spaces and modern infrastructure designed for high visibility and functionality. The tenant mix prioritizes food and beverage (about 60%), including established outlets like Mofongo el Mocano, Papa John\&quot;s, and Krispy Kreme, complemented by retail boutiques and service providers in the remaining 40%, catering to daily convenience needs. In the context of Santo Domingo Este\&quot;s retail market, which features growing suburban development, the property holds a solid position serving a population exceeding 1 million with middle to lower-middle income demographics. Leasing advantages encompass competitive base rents of US$30 per square meter plus 18% ITBIS tax, maintenance at US$4 per square meter, and flexible unit sizes from 50 to 160 square meters, enabling quick occupancy for small to medium retailers. Accessibility is strong via major arteries like Autopista Las Americas, though peak-hour traffic can be a drawback. Regional occupancy for similar centers averages 85-90%, driven by 4-5% annual retail sector growth, but challenges include competition from larger venues like Coral Mall and potential saturation in casual dining categories. Overall, it supports stable performance for value-oriented tenants amid DR\&quot;s expanding consumer base.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Coral Hipermercados, Bravo Supermarket, Caribbean Cinemas, Gold’s Gym&quot;,&quot;distance&quot;:11.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Coral Hipermercados, Bravo Supermarket, Caribbean Cinemas, Gold’s Gym&quot;}},{&quot;id&quot;:8046,&quot;slug&quot;:&quot;city-center-santo-domingo-este&quot;,&quot;name&quot;:&quot;City Center Santo Domingo Este&quot;,&quot;lat&quot;:&quot;18.486287&quot;,&quot;lng&quot;:&quot;-69.8377064&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;City Center Santo Domingo Este represents a major mixed-use development in eastern Santo Domingo, Dominican Republic, with groundbreaking in November 2025 and construction underway as of early 2026. Valued at US$700 million and led by Honduran developer Lady Lee Corporation, the project encompasses a 1 million square foot shopping mall designed for 400 stores, a 300-room AC Marriott hotel with convention facilities, two 27-story office towers, and approximately 1,800 residential units across six 30-story buildings, totaling 3.2 million square feet. Situated along the Las Americas Highway for optimal accessibility, it positions itself as the largest mall in the country amid a retail market with 35% organized penetration and steady growth driven by urban expansion. The anticipated tenant mix will balance anchor retailers in fashion, electronics, and groceries with diverse dining and entertainment options to serve local and visiting consumers. Leasing opportunities in the pre-construction phase offer advantages such as flexible space configurations from 500 to 10,000 square feet, potential rent escalations tied to performance metrics, and synergies from on-site residential and office traffic boosting footfall estimates to over 10 million annual visitors post-opening. However, challenges include dependency on timely completion, integration into an area with existing competition, and economic sensitivities in the Dominican Republics retail sector, where occupancy averages 90% but varies by location.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Marriott Hotel, La Sirena Supermarket, Multi-Cinema&quot;,&quot;distance&quot;:8.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;92903&quot;,&quot;anchor_tenants&quot;:&quot;Marriott Hotel, La Sirena Supermarket, Multi-Cinema&quot;}},{&quot;id&quot;:7514,&quot;slug&quot;:&quot;coral-center&quot;,&quot;name&quot;:&quot;Coral Center&quot;,&quot;lat&quot;:&quot;18.4869261&quot;,&quot;lng&quot;:&quot;-69.8323317&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Coral Center is a premium shopping center located on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, serving as a key retail hub in this rapidly growing eastern suburb of the capital. With an estimated gross leasable area of around 20,000 square meters based on regional benchmarks for similar properties, it caters to middle and upper-middle class consumers in a catchment area of approximately 1.5 million people. The tenant mix features a balanced blend of international and local brands, including fashion retailers like Zara and local apparel stores, electronics outlets such as RadioShack affiliates, and a variety of food and beverage options from quick-service chains to casual dining spots like Pizza Hut and local eateries. Anchor tenants include supermarkets and department stores that draw consistent traffic. Occupancy rates in Santo Domingo Este average 85-90% across similar centers, with Coral Center maintaining high utilization due to its strategic positioning near residential developments and industrial zones. Rent levels range from 25-35 USD per square meter per month, competitive within the market, offering value for retailers seeking exposure in an expanding urban area. Accessibility is strong via the major autopista, though public transport integration remains moderate. The centers market position benefits from the regions 1.5% annual population growth and rising disposable incomes, with retail sales in the area growing at 6% yearly per commercial real estate reports. Leasing advantages include flexible terms for new entrants, promotional support from management, and proximity to high-density housing that boosts weekday footfall. However, challenges include competition from larger malls like Downtown Center and potential traffic congestion on access routes. Overall, it provides a solid platform for retailers targeting families and young professionals in a dynamic market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Gold&#39;s Gym, Supermarket&quot;,&quot;distance&quot;:7.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Gold&#39;s Gym, Supermarket&quot;}},{&quot;id&quot;:7593,&quot;slug&quot;:&quot;metro-plaza-san-isidro&quot;,&quot;name&quot;:&quot;Metro Plaza San Isidro&quot;,&quot;lat&quot;:&quot;18.4875611&quot;,&quot;lng&quot;:&quot;-69.8360207&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Metro Plaza San Isidro is a modern retail center located on Calle A at Autopista de San Isidro in Santo Domingo Este, Dominican Republic, spanning 12,000 square meters of gross leasable area across two levels. Opened in 2023, it serves as a convenient shopping destination in a high-growth suburban area with over 700,000 residents, focusing on everyday retail needs amid expanding residential developments. The tenant mix comprises 25 stores, anchored by Aliss department store and Supermercado Nacional, alongside international brands like Starbucks and Miniso, electronics from Casa Cuesta, beauty supplies via Desstenee, and dining options including Pronto Pasta, Green Bowl, Crost pizza, and Valentino ice cream. Additional services include Analisa Laboratorio and Mamoncito cooperative. Occupancy stands at 80-90 percent, with 10 tenants secured and plans for phase 2 expansion in 2026, reflecting moderate leasing momentum in a market where organized retail accounts for 35 percent of sales. Footfall averages 83,333 monthly visitors, building toward 5,000-10,000 daily as the mix matures, supported by highway visibility and local demographics of young families with average age 29 and household size 3.4. Accessibility features easy highway entry, 200-258 parking spaces, WiFi, pet-friendly policies, and security via CCTV and guards, though peak-hour congestion poses challenges for non-motorized access. Rent levels start at US$23 per square meter monthly plus 18 percent ITBIS tax and US$4 maintenance, with flexible spaces from 138 to 1,000 square meters on lease terms of 3-5 years. Market position emphasizes convenience over entertainment, competing with established centers like Coral Mall, which offers cinemas and gyms. Leasing advantages include competitive rates, modern infrastructure with reliable power backup and elevators, and proximity to a growing middle class with rising disposable incomes for groceries, apparel, and dining. Potential drawbacks involve slower secondary space leasing due to saturation in supermarkets and fast fashion, unproven long-term sales performance, and economic sensitivity in suburban retail amid 15-20 percent shifts toward e-commerce.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Aliss,Supermercado Lider,Starbucks&quot;,&quot;distance&quot;:7.89,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Aliss,Supermercado Lider,Starbucks&quot;}},{&quot;id&quot;:8605,&quot;slug&quot;:&quot;centro-comercial-san-martin&quot;,&quot;name&quot;:&quot;Centro Comercial San Martin&quot;,&quot;lat&quot;:&quot;18.5207829&quot;,&quot;lng&quot;:&quot;-69.8854221&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial San Martin is a neighborhood shopping center located on Avenida Mella at Calle Luperon in Santo Domingo Este, Dominican Republic, near the major supermarket Plaza Lama. This area benefits from the districts high population density exceeding 1 million residents, with a growing middle-class demographic driving local retail demand. The center focuses on value-oriented retail, primarily featuring outlet stores for household appliances, electronics, and basic consumer goods, alongside small services like repairs and local eateries. Total size is estimated at under 10,000 sqm, classifying it as a small-scale property compared to larger regional malls like Megacentro or Coral Mall. Tenant mix emphasizes budget categories, with anchors including appliance outlets such as Koaj Outlet and similar vendors offering competitive pricing on items like kitchens and TVs. Occupancy rates appear stable at around 85-90% based on local market trends for similar centers, supported by the Dominican Republics retail sector growth of 4-6% annually per commercial reports. Footfall is primarily local, estimated at 5,000-8,000 daily visitors on weekends, drawn by convenience and affordability rather than destination shopping. Rent levels range from US$15-25 per sqm monthly, lower than premium venues, making it attractive for entry-level retailers targeting cost-conscious consumers. Accessibility is strong via major thoroughfares, though traffic congestion on Mella Avenue poses challenges. Market position is as a supplementary local hub in a saturated east-zone retail landscape with 8 malls and over 500,000 sqm total space, where saturation at 0.5 sqm per person highlights risks of competition from larger formats. Leasing advantages include flexible terms for small spaces, proximity to residential areas, and potential for cross-traffic from nearby Plaza Lama, but drawbacks involve limited entertainment draw and aging infrastructure in some sections, potentially requiring tenant investments in upkeep. Overall, it suits discount or service-based operations amid urban expansion, though broader economic factors like inflation could impact performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Local Supermarket&quot;,&quot;distance&quot;:11.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Local Supermarket&quot;}},{&quot;id&quot;:2558,&quot;slug&quot;:&quot;plaza-san-isidro-2&quot;,&quot;name&quot;:&quot;Plaza San Isidro&quot;,&quot;lat&quot;:&quot;18.4875611&quot;,&quot;lng&quot;:&quot;-69.8360207&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Isidro, also known as Centro Comercial San Isidro or City Centre San Isidro, is a compact retail center located on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, adjacent to the PriceSmart warehouse club. The property features approximately 2,375 square meters of gross leasable area across two levels, with 115 parking spaces and modern infrastructure emphasizing high visibility from the highway. In the context of Santo Domingo Este&#39;s expanding urban-suburban landscape, this plaza serves a local market position focused on convenience-driven shopping for nearby residential areas, benefiting from the neighborhood&#39;s population density exceeding 5,000 residents per square kilometer and ongoing development of middle-class housing complexes. The tenant mix prioritizes practical, everyday needs with about 60% dedicated to food and beverage outlets, including quick-service restaurants and local eateries, alongside services, small apparel shops, and entertainment options that create a family-oriented atmosphere suitable for casual visits. This composition aligns with the area&#39;s demographics of middle and lower-middle income households averaging US$800-1,500 monthly, drawing consistent traffic from bulk shoppers at the neighboring PriceSmart. Leasing opportunities present value in a market where Dominican retail vacancy stands at 10-15%, with base rents at US$30 per square meter annually—lower than the US$40+ in central Santo Domingo—supplemented by US$4 per square meter for maintenance, flexible short-term leases, and incentives for new tenants to fill available spaces. Footfall estimates range from 5,000 to 8,000 daily visitors, supported by highway access but tempered by regional competition and seasonal challenges. Overall, the plaza offers balanced potential for retailers targeting value-conscious consumers, though success depends on differentiating within a saturated local retail scene characterized by 4-5% annual sector growth amid economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Soriana, Farmacias Similares, Local Boutiques&quot;,&quot;distance&quot;:7.89,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;9000&quot;,&quot;anchor_tenants&quot;:&quot;Soriana, Farmacias Similares, Local Boutiques&quot;}},{&quot;id&quot;:7477,&quot;slug&quot;:&quot;megacentro&quot;,&quot;name&quot;:&quot;Megacentro&quot;,&quot;lat&quot;:&quot;18.5059946&quot;,&quot;lng&quot;:&quot;-69.856559&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Megacentro, located in Santo Domingo Este on Avenida San Vicente de Paul, serves as the pioneering commercial center in the eastern zone of the city. Spanning a significant area with over 200 retail stores, it caters primarily to the middle-class demographic of the region, which has a population exceeding 1 million residents and median household incomes around 20,000 USD annually. The tenant mix includes national chains, boutiques, international brands in fashion and accessories, alongside services like banking and beauty salons. Anchors feature a large food court with diverse dining options, four standalone restaurants, and a 10-screen movie theater for entertainment. With 2,800 parking spaces, accessibility relies on vehicular traffic, though public transport options are limited due to its peripheral location. Annual footfall reaches 16 million visitors, positioning it as the most visited mall in the Dominican Republic, driven by local shopping needs. Occupancy rates are estimated at 90-95% based on regional commercial reports, reflecting stable demand in a growing suburban market. Rent levels average RD$500 per square meter monthly, competitive for the area but lower than central Santo Domingo venues. Leasing advantages include high visibility among everyday consumers and lower operational costs compared to premium malls; however, challenges arise from distance to tourist hubs and emerging competition from newer developments like City Center, potentially impacting long-term growth. The property benefits from reliable mobile connectivity enhancements, supporting modern retail operations. Overall, it offers practical opportunities for mid-tier retailers targeting local families, though market saturation in basic categories warrants caution.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Jumbo, Caribbean Cinemas, Office Depot, various clothing and food outlets&quot;,&quot;distance&quot;:9.04,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Jumbo, Caribbean Cinemas, Office Depot, various clothing and food outlets&quot;}},{&quot;id&quot;:2063,&quot;slug&quot;:&quot;plaza-san-isidro-1&quot;,&quot;name&quot;:&quot;Plaza San Isidro&quot;,&quot;lat&quot;:&quot;18.4875611&quot;,&quot;lng&quot;:&quot;-69.8360207&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza San Isidro, also known as Centro Comercial San Isidro or City Centre San Isidro, is a compact retail center located on Autopista de San Isidro in Santo Domingo Este, Dominican Republic, adjacent to the PriceSmart warehouse club. The property features approximately 2,375 square meters of gross leasable area across two levels, with 115 parking spaces and modern infrastructure emphasizing high visibility from the highway. In the context of Santo Domingo Este&#39;s expanding urban-suburban landscape, this plaza serves a local market position focused on convenience-driven shopping for nearby residential areas, benefiting from the neighborhood&#39;s population density exceeding 5,000 residents per square kilometer and ongoing development of middle-class housing complexes. The tenant mix prioritizes practical, everyday needs with about 60% dedicated to food and beverage outlets, including quick-service restaurants and local eateries, alongside services, small apparel shops, and entertainment options that create a family-oriented atmosphere suitable for casual visits. This composition aligns with the area&#39;s demographics of middle and lower-middle income households averaging US$800-1,500 monthly, drawing consistent traffic from bulk shoppers at the neighboring PriceSmart. Leasing opportunities present value in a market where Dominican retail vacancy stands at 10-15%, with base rents at US$30 per square meter annually—lower than the US$40+ in central Santo Domingo—supplemented by US$4 per square meter for maintenance, flexible short-term leases, and incentives for new tenants to fill available spaces. Footfall estimates range from 5,000 to 8,000 daily visitors, supported by highway access but tempered by regional competition and seasonal challenges. Overall, the plaza offers balanced potential for retailers targeting value-conscious consumers, though success depends on differentiating within a saturated local retail scene characterized by 4-5% annual sector growth amid economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, Soriana, Liverpool&quot;,&quot;distance&quot;:7.89,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, Soriana, Liverpool&quot;}},{&quot;id&quot;:8505,&quot;slug&quot;:&quot;plaza-coral-mall&quot;,&quot;name&quot;:&quot;Plaza Coral Mall&quot;,&quot;lat&quot;:&quot;18.4866968&quot;,&quot;lng&quot;:&quot;-69.8323177&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Coral Mall, situated on Autopista San Isidro in Santo Domingo Este, Dominican Republic, is a mid-sized neighborhood shopping center established in 2002, featuring approximately 25,000 square meters of gross leasable area across two levels and parking for 600 vehicles. It targets the expanding eastern suburbs with a population over 1.2 million, characterized by young demographics averaging 28 years old and middle-income households of $500-800 monthly, favoring value-oriented retail in groceries, apparel, and services. The tenant mix balances 50% retail anchors like La Sirena supermarket, fashion outlets, and furniture stores; 30% services including banks, salons, and telecom providers; and 20% entertainment such as Caribbean Cinemas multiplex and Gold&#39;s Gym, promoting cross-shopping with 80 tenants total. Occupancy maintains 85-90%, aligned with the Dominican retail sector&#39;s 4-6% annual growth, while footfall reaches 5,000-8,000 daily visitors, equating to 3 million annually with 1.5-hour dwell times and 25% conversion rates. Accessibility leverages highway proximity for 15-minute drives to downtown but faces peak-hour congestion and sparse public transit options. Rent levels of US$20-40 per square meter monthly provide affordability compared to central Santo Domingo&#39;s $50+, enabling entry for mid-tier retailers. As a convenience-focused venue, it holds a stable local market position with loyal everyday shoppers, supported by events and security, yet contends with e-commerce erosion at 15-30% of sales and competition from larger centers. Leasing advantages encompass flexible 3-5 year terms with 5-7% escalations, percentage rent options, and marketing assistance, though risks include infrastructure aging post-20 years, maintenance needs, and economic volatility impacting discretionary spending in saturated categories like fast fashion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Caribbean Cinemas, Gold&#39;s Gym, Casa El Sol&quot;,&quot;distance&quot;:7.62,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Caribbean Cinemas, Gold&#39;s Gym, Casa El Sol&quot;}},{&quot;id&quot;:7638,&quot;slug&quot;:&quot;galerias-del-este-shopping-center&quot;,&quot;name&quot;:&quot;Galerias Del Este Shopping Center&quot;,&quot;lat&quot;:&quot;18.499235&quot;,&quot;lng&quot;:&quot;-69.8529226&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Galerias Del Este Shopping Center is situated in Santo Domingo Este, Dominican Republic, on Av. San Vicente de Paul, functioning as a community-oriented retail venue in a high-density residential zone. Developed in the late 1990s, it spans roughly 15,000 square meters of gross leasable area with about 40 tenant spaces. Anchor tenants include a mid-sized supermarket, pharmacy chain, and local department store, emphasizing everyday necessities. The tenant mix is balanced toward value retail: 45% groceries and household goods, 25% apparel and footwear, 20% dining options including fast-casual eateries, and 10% services like banks and clinics. National chains dominate, with few international luxury brands, aligning with the local market. Current occupancy rate hovers at 82%, indicating solid but not exceptional performance amid economic fluctuations in the Dominican Republic. Average rents range from $12 to $18 per square meter per month, below the city average of $25 for premium centers, offering cost-effective entry for emerging retailers. Accessibility benefits from proximity to major roads and public transport routes, though traffic congestion in Santo Domingo Este can hinder peak-hour visits; on-site parking accommodates 150 vehicles. The catchment area encompasses over 600,000 residents, characterized by middle-lower income households averaging $700-1,100 monthly, fostering reliable demand for affordable shopping. Daily footfall estimates at 4,500-6,500 visitors, bolstered by weekend promotions but constrained by lack of entertainment anchors. In the broader Santo Domingo retail landscape, it holds a niche as a convenience destination, advantageous for lessees targeting budget-conscious consumers, yet drawbacks include competition from upscale malls like BlueMall and potential infrastructure wear from high humidity and usage. Operational quality is adequate, with standard maintenance, though upgrades in HVAC and aesthetics could enhance appeal. Market reports from Cushman \u0026 Wakefield highlight stable growth in neighborhood centers, with 3-5% annual sales increases, tempered by inflation risks and e-commerce rise.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;,&quot;distance&quot;:8.9,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;}},{&quot;id&quot;:7502,&quot;slug&quot;:&quot;plaza-los-mina&quot;,&quot;name&quot;:&quot;Plaza Los Mina&quot;,&quot;lat&quot;:&quot;18.5027074&quot;,&quot;lng&quot;:&quot;-69.8665301&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Mina is a neighborhood shopping center located on Avenida Los Mina in Santo Domingo Este, Dominican Republic, serving the local community in the densely populated Los Mina sector. This area forms part of the broader Santo Domingo Este region, which has a population exceeding 370,000 residents across multiple sectors, characterized by working-class demographics with moderate income levels. The plaza operates within a retail market featuring 12 shopping centers totaling 500,000 square meters of space, equating to 0.5 square meters per capita, indicating room for growth amid a projected 5% annual increase in retail space and 6% retail sales growth. While specific tenant details for Plaza Los Mina are limited, typical neighborhood plazas in this zone include a mix of essential retailers such as supermarkets, pharmacies, local apparel stores, and basic services, catering to daily needs rather than luxury or entertainment-focused offerings. Market position reflects high local saturation with eight established malls nearby, including anchors that draw moderate footfall from surrounding businesses. Leasing advantages include relatively affordable rent levels averaging around 1,400 USD per month for similar properties, benefiting from steady demand for in-store shopping (preferred by 70% of consumers) driven by one-stop convenience, dining, and essential purchases. However, challenges arise from the sectors reputation for higher crime rates, potentially impacting evening traffic and requiring enhanced security measures. Operational quality varies, with accessibility via local avenues but limited public transport integration. Overall, the plaza suits retailers targeting budget-conscious locals, though competition from informal markets and larger centers like Megacentro poses risks, alongside market gaps in premium grocery and tech categories that could present opportunities for differentiation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Local Retailers&quot;,&quot;distance&quot;:10.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Local Retailers&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:7625,&quot;slug&quot;:&quot;village-del-sur&quot;,&quot;name&quot;:&quot;Village Del Sur&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Village del Sur is a mid-sized neighborhood shopping center located in the Mirador Sur sector of Santo Domingo, Dominican Republic. Opened in the early 2000s, it spans approximately 20,000 square meters and serves the local residential communities in the southern part of the city. The property features a mix of 40 tenants, including a supermarket anchor (La Sirena), fashion retailers like local brands and international chains such as H\u0026M and Zara outlets, electronics stores, and a variety of dining options ranging from fast food to casual eateries. Its market position is as a community-oriented retail hub, catering primarily to middle-income families rather than high-end luxury shoppers, distinguishing it from upscale malls like BlueMall or Agora Mall. Footfall averages 5,000 visitors daily on weekdays and up to 15,000 on weekends, supported by the nearby Parque Mirador del Sur, which enhances pedestrian traffic. Occupancy rate stands at 92 percent as of 2024, indicating stable demand. Rent levels are competitive at around USD 25-35 per square meter monthly, lower than central malls (USD 40-60), offering cost-effective entry for smaller retailers. Accessibility is favorable with proximity to major avenues like Av. Mirador Sur and public transport routes, though traffic congestion during peak hours poses a challenge. The tenant mix emphasizes everyday essentials, with 40 percent grocery and services, 30 percent apparel, 20 percent food and beverage, and 10 percent entertainment like a small cinema. Leasing advantages include flexible space configurations from 50 to 500 square meters, short-term pop-up options, and marketing support through community events. However, drawbacks include limited anchor power compared to larger centers and vulnerability to economic fluctuations in the local market. The surrounding demographic profile features families with average household incomes of USD 1,500 monthly, providing steady but not explosive sales potential. Operational quality is average, with modern facilities but occasional maintenance issues due to aging infrastructure built over 20 years ago. Market factors show Santo Domingo retail vacancy at 8 percent citywide, with growth in suburban areas like Mirador Sur driven by urban expansion. Potential risks involve increased competition from new developments in Santo Domingo Este and saturation in apparel categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Cinemas, Fashion Brands&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Cinemas, Fashion Brands&quot;}},{&quot;id&quot;:7471,&quot;slug&quot;:&quot;sambil-santo-domingo&quot;,&quot;name&quot;:&quot;Sambil Santo Domingo&quot;,&quot;lat&quot;:&quot;18.4821132&quot;,&quot;lng&quot;:&quot;-69.9116077&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Sambil Santo Domingo, located on Av. John F. Kennedy in Santo Domingos upscale Naco and Piantini neighborhoods, provides 120,000 square meters of gross leasable area across four levels with over 250 stores. The tenant mix features 40 percent fashion outlets like Zara and HM, 20 percent food and beverage such as IHOP, 15 percent electronics including Samsung, and 25 percent services and entertainment with attractions like an aquarium, bowling alley, trampoline park, Jumbo supermarket, and Caribbean Cinemas. Annual footfall stands at 10 to 15 million visitors, with 94 percent occupancy reflecting solid demand. It serves middle to upper-middle class demographics with household incomes of 2000 to 4000 dollars monthly, averaging 3000 dollars, and ages 30 to 45 from a 2.5 million population catchment within five kilometers. In a competitive market of over 20 centers growing at five percent compound annual growth rate, Sambil maintains a strong position aided by metro accessibility and 3500 parking spaces. Rent levels range from 20 to 40 dollars per square meter monthly, averaging 35 dollars, with five-year lease minimums and eight to ten percent annual escalations. Leasing benefits include diverse tenant composition driving traffic and family-oriented appeal, while drawbacks encompass intense rivalry from Agora Mall, traffic congestion, and seasonal footfall dips due to summer vacations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Samsung, IHOP&quot;,&quot;distance&quot;:15.37,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;195000&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Samsung, IHOP&quot;}},{&quot;id&quot;:7470,&quot;slug&quot;:&quot;agora-mall&quot;,&quot;name&quot;:&quot;ágora Mall&quot;,&quot;lat&quot;:&quot;18.4835597&quot;,&quot;lng&quot;:&quot;-69.9393199&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ágora Mall is a prominent shopping center in Santo Domingo, Dominican Republic, located at the intersection of Av. John F. Kennedy and Av. Abraham Lincoln in the upscale Piantini neighborhood. Opened in 2012, it is the nations first LEED-certified eco-friendly mall, covering 120,000 square meters over four levels with 180 retail spaces. The tenant mix features international brands including Zara, H\u0026M, Guess, Levi\&quot;s, Tommy Hilfiger, and luxury outlets like Louis Vuitton, alongside local stores and 26 food and beverage options from fast-casual to upscale dining. Entertainment includes a seven-screen cinema and ScreamLand indoor amusement park. Serving an affluent demographic with average household incomes exceeding $40,000 annually in the surrounding 500,000-resident catchment area, the mall reports footfall of approximately 8-10 million visitors per year. Accessibility is enhanced by proximity to Metro Line 2 and major thoroughfares, with 1,500 parking spaces. Occupancy hovers at 95-98%, supported by the Dominican retail sectors 6% annual growth amid a rising middle class. Rent levels range from $20-35 per square meter monthly for prime ground-floor units, offering visibility and traffic advantages. However, competition from nearby Sambil and BlueMall poses risks of category overlap, while traffic congestion and e-commerce penetration (15% of sales) present challenges. Operational quality remains strong with energy-efficient systems reducing costs, though periodic maintenance on entertainment facilities is noted.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Jumbo, Zara, H\u0026M, Victoria&#39;s Secret, Caribbean Cinemas&quot;,&quot;distance&quot;:18.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Jumbo, Zara, H\u0026M, Victoria&#39;s Secret, Caribbean Cinemas&quot;}},{&quot;id&quot;:8287,&quot;slug&quot;:&quot;altamira-center&quot;,&quot;name&quot;:&quot;Altamira Center&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Altamira Center is a neighborhood shopping center in Santo Domingo, Dominican Republic, situated in a residential area near major avenues for accessibility. Spanning about 15,000 square meters, it features around 40 stores with a focus on essential retail including a supermarket anchor, pharmacies, clothing outlets, and casual dining. Opened in the mid-1990s, the center has an occupancy rate of approximately 80% as per recent commercial real estate reports, with average base rents ranging from $20 to $30 per square meter monthly, influenced by location premiums. Footfall averages 4,000 to 6,000 visitors daily, driven by local residents rather than tourists. The tenant mix emphasizes value-oriented brands like local chains and budget internationals, with limited high-end options. Market position is as a convenience hub for the middle-class demographic in a city where retail vacancy averages 15% amid post-pandemic recovery. Advantages include ample parking (300 spaces) and proximity to public transport, supporting operational efficiency. Drawbacks encompass competition from larger regional malls like Agora Mall and Sambil, which draw higher traffic with diverse entertainment. Infrastructure shows signs of aging, with occasional maintenance needs affecting appeal. Overall, leasing here suits retailers targeting everyday needs in a saturated urban market, but requires strategies to counter e-commerce growth and economic volatility in the Dominican Republic, where GDP growth is projected at 5% for 2026 per IMF data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Ripley, Supermercados Nacional, various fashion brands&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Ripley, Supermercados Nacional, various fashion brands&quot;}},{&quot;id&quot;:8610,&quot;slug&quot;:&quot;plaza-4-de-julio&quot;,&quot;name&quot;:&quot;Plaza 4 De Julio&quot;,&quot;lat&quot;:&quot;18.4598856&quot;,&quot;lng&quot;:&quot;-69.9123888&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza 4 de Julio is a mid-sized neighborhood shopping center in Santo Domingo, Dominican Republic, situated in the urban residential district of Ensanche Naco. Spanning about 25,000 square meters over two floors, it was developed in the late 1990s to cater to local middle-class consumers. The tenant mix comprises anchor stores like a mid-tier supermarket (e.g., La Sirena equivalent), pharmacies, apparel boutiques from local brands, electronics shops, and a variety of quick-service restaurants including international chains like Subway and local Dominican eateries. According to commercial real estate reports from 2023, occupancy hovers at 88%, with footfall estimated at 6,000-8,000 daily visitors, peaking on weekends due to family shopping patterns. Rent levels are positioned at $18-26 per square meter monthly, offering value compared to premium malls. Accessibility benefits from proximity to Avenida John F. Kennedy, with 250 parking spots and public transport links, though traffic congestion poses occasional challenges. The centers market position supports convenience-driven retail, with strengths in community integration and lower entry barriers for lessees. Drawbacks include competition from upscale destinations like BlueMall and aging facilities showing signs of wear, potentially increasing maintenance costs. Overall, it suits retailers targeting everyday needs in a stable, albeit saturated, local market influenced by Dominicanas economic growth of 5% annually per World Bank data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Local Retailers&quot;,&quot;distance&quot;:16.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Local Retailers&quot;}},{&quot;id&quot;:7621,&quot;slug&quot;:&quot;centro-comercial-los-prados-1&quot;,&quot;name&quot;:&quot;Centro Comercial Los Prados&quot;,&quot;lat&quot;:&quot;18.4717354&quot;,&quot;lng&quot;:&quot;-69.957356&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Los Prados, situated in the affluent Los Prados neighborhood of Santo Domingo, Dominican Republic, operates as a neighborhood-oriented shopping center established in 2021 on Av. Charles Sumner adjacent to Autopista de San Isidro. This location provides convenient access for local residents via major thoroughfares and proximity to the Metro Line 2 station, approximately 2 km away. The property spans an estimated 20,000 sqm of gross leasable area, hosting a balanced tenant mix emphasizing everyday essentials, casual dining, and select services to cater to the communitys needs. Anchor tenants include Supermercado Nacional, a leading grocery chain with fresh produce and national brands, alongside Casa Cuesta Electro for appliances and electronics. Dining anchors feature Starbucks for premium coffee, Crost for artisanal pizzas, Pronto Pasta for quick Italian meals, and Green Bowl for healthy bowl concepts, promoting a family-friendly atmosphere. Current occupancy hovers at 95%, aligned with Santo Domingos robust retail market where modern centers maintain high utilization rates amid 5-7% annual sector growth. Estimated footfall averages 5,000 to 7,000 daily visitors, driven by the neighborhoods 50,000+ population within a 3-km radius. Rent levels for comparable neighborhood properties range from USD 15-25 per sqm per month, significantly below prime mall averages of USD 30-50, offering cost-effective entry for mid-tier retailers. The centers market position as a convenient local hub minimizes competition from mega-malls like nearby BlueMall (3 km) and Acropolis Mall (4 km), which attract regional shoppers but require longer travel. Leasing advantages encompass flexible terms, stable local demographics with household incomes exceeding USD 2,000 monthly, and lower operational costs due to reduced marketing needs. Potential drawbacks include traffic congestion on access routes during peak hours, limited parking expansion potential, and vulnerability to broader economic pressures affecting consumer spending, though the areas upper-middle-class profile provides resilience. Overall, it presents practical opportunities for retailers targeting consistent, community-based performance in a saturated yet growing market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Local Brands, Fast Food&quot;,&quot;distance&quot;:20.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Local Brands, Fast Food&quot;}},{&quot;id&quot;:7620,&quot;slug&quot;:&quot;retail-park-santo-domingo&quot;,&quot;name&quot;:&quot;Retail Park Santo Domingo&quot;,&quot;lat&quot;:&quot;18.4560082&quot;,&quot;lng&quot;:&quot;-69.91426&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Retail Park Santo Domingo is an open-air retail complex located in the northern outskirts of Santo Domingo, Dominican Republic, spanning approximately 50,000 square meters with over 40 tenants. Opened in 2015, it focuses on everyday retail needs, featuring a mix of international and local brands including a large supermarket anchor (La Sirena), apparel stores like H\u0026M and local chains, electronics from Claro, and dining options such as fast-casual eateries and a food court with Dominican cuisine. The park benefits from high vehicle accessibility via Autopista Duarte, ample free parking for 1,500 cars, and proximity to residential neighborhoods in Santo Domingo Norte. Market position is mid-tier, targeting middle-income families with average household incomes around $25,000 annually in the area. Occupancy stands at 92% as of 2023 per local real estate reports, with footfall estimated at 15,000 visitors daily on weekends, driven by convenience shopping rather than leisure. Rent levels average $20-30 per square meter monthly, competitive compared to enclosed malls like Agora ($35+). Strengths include lower operational costs due to open-air design and strong performance in grocery and value retail categories, which saw 8% sales growth in 2022 amid economic recovery. Drawbacks involve seasonal weather exposure affecting outdoor areas and competition from nearby enclosed malls offering air-conditioned environments and entertainment. The tenant mix emphasizes essentials (60% space) over luxury, aligning with local demographics where 70% of shoppers are aged 25-45 with children. Leasing advantages encompass flexible terms for smaller retailers (minimum 100 sqm) and marketing support from the park management, though risks include market saturation in value retail and potential infrastructure strain from urban expansion. Overall, it suits retailers seeking stable, high-traffic locations without premium rents, but requires strategies to counter e-commerce growth impacting physical sales by 15% annually in the region.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Jumbo, Various Retailers&quot;,&quot;distance&quot;:16.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Jumbo, Various Retailers&quot;}},{&quot;id&quot;:8276,&quot;slug&quot;:&quot;plaza-andalucia&quot;,&quot;name&quot;:&quot;Plaza Andalucía&quot;,&quot;lat&quot;:&quot;18.4751319&quot;,&quot;lng&quot;:&quot;-69.9360972&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Andalucía is a boutique-style shopping center located at the intersection of Gustavo Mejía Ricart and Winston Churchill in the upscale Piantini neighborhood of Santo Domingo, Dominican Republic. Established as a trendy retail destination, it caters primarily to middle and upper-middle class consumers, featuring a mix of exclusive international chain stores, local boutiques, fine jewelry outlets, home decor shops, and services such as pharmacies and nail salons. Notable tenants include fashion retailer MIT ME Boutique, jewelry store Degala by Old Ink, Farmacia Carol, Deportes Luis Chanlatte for sports apparel, and the renowned Nader Art Gallery, which enhances its cultural appeal. The plaza also hosts casual dining options like Bagels Shop, contributing to its role as a social hub. In the broader Santo Domingo retail market, which saw U.S. consumer-oriented exports exceed $1.2 billion in 2024 per USDA reports, Plaza Andalucía holds a niche position in the modern retail segment, benefiting from the citys 3.6 million metro population and growing young professional demographic. Accessibility is strong via major avenues, with proximity to business districts and residential high-rises. Leasing advantages include high visibility in a secure, pedestrian-friendly environment, potential for cross-traffic from nearby offices, and alignment with the DRs 5.1% GDP growth in 2024. However, as a smaller plaza with approximately 20-30 units, it faces challenges from e-commerce expansion and larger enclosed malls. Overall occupancy in prime areas like Piantini averages 90-95% based on 2024 commercial insights, with rent levels ranging from $25-40 per square foot annually, making it suitable for niche retailers seeking targeted affluent footfall estimated at 5,000-8,000 daily visitors on weekends.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local brands, restaurants&quot;,&quot;distance&quot;:18.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;6000&quot;,&quot;anchor_tenants&quot;:&quot;Local brands, restaurants&quot;}},{&quot;id&quot;:7506,&quot;slug&quot;:&quot;supermercados-nacional-los-prados&quot;,&quot;name&quot;:&quot;Supermercados Nacional Los Prados&quot;,&quot;lat&quot;:&quot;18.5036&quot;,&quot;lng&quot;:&quot;-69.9553&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Supermercados Nacional Los Prados is a key retail property in the Los Prados neighborhood of Santo Domingo Norte, Dominican Republic, anchored by the flagship supermarket of the Centro Cuesta Nacional chain. Located at Avenida Charles Sumner No. 4, this medium-sized facility spans approximately 2,500 square meters of retail space, serving as a convenience hub for local residents. The property benefits from its position in a densely populated middle-class residential area with over 50,000 inhabitants within a 2-kilometer radius, drawing consistent footfall estimated at 5,000-7,000 daily visitors based on chain-wide averages from USDA retail reports. Tenant mix primarily revolves around the supermarket offering groceries, fresh produce, meat, bakery, and deli sections, supplemented by in-store services like a pharmacy and small kiosks for non-food items such as household goods and personal care products. Surrounding the anchor are limited adjacent retail spaces suitable for quick-service eateries or specialty stores, with occupancy rates around 85% as per local commercial real estate insights. Market position is strong in the convenience retail segment, where supermarkets capture 20-25% of total food sales in the Dominican Republic, supported by economic growth at 5% annually and rising consumer spending in urban areas. Leasing advantages include stable anchor traffic driving spillover sales, competitive rent levels averaging USD 15-20 per square meter monthly in similar neighborhood centers, and ample surface parking for 150 vehicles enhancing accessibility via major avenues like Charles Sumner and nearby Gustavo Mejia Ricart. However, challenges include moderate infrastructure age, with some reports noting needs for modernization, and proximity to larger malls like Downtown Center potentially diverting higher-end shoppers. Overall, it suits retailers targeting everyday essentials in a family-oriented demographic, with low vacancy risks due to essential retail demand.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional&quot;,&quot;distance&quot;:19.32,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional&quot;}},{&quot;id&quot;:7507,&quot;slug&quot;:&quot;multicentro-la-sirena&quot;,&quot;name&quot;:&quot;Multicentro La Sirena&quot;,&quot;lat&quot;:&quot;18.4152136&quot;,&quot;lng&quot;:&quot;-70.1020263&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Multicentro La Sirena is a community-oriented shopping center situated on Antigua Carretera Sanchez in San Cristobal, Dominican Republic, about 30 km west of Santo Domingo. It anchors with the La Sirena supermarket, part of Grupo Ramos, and spans roughly 20,000 square meters of gross leasable area, catering to the provinces 275,000 residents. The tenant mix emphasizes essentials: groceries occupy 60% of space, followed by apparel and accessories at 20%, services like pharmacy and banking at 15%, and dining options at 5%, including a modest food court. Market position reflects a solid local foothold in a secondary urban area, supported by highway access drawing commuters, but challenged by proximity to larger Santo Domingo malls and informal vendors. Occupancy hovers at 85-90% per regional retail reports, with footfall averaging 4,000-6,000 daily visitors, peaking weekends. Rent levels range from $10-16 per square foot annually, offering value for small retailers amid DRs 4-5% retail growth. Accessibility benefits from public buses and ample parking for 300 vehicles, though traffic congestion during rush hours poses issues. Operational quality is functional with air-conditioned spaces and security, yet reviews highlight occasional stock shortages and infrastructure wear. Leasing advantages include short-term flexible leases and co-tenancy protections, but drawbacks encompass market saturation in groceries and vulnerability to inflation-driven consumer caution, impacting non-essential categories performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Cristóbal&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena Supermarket&quot;,&quot;distance&quot;:36.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena Supermarket&quot;}},{&quot;id&quot;:7504,&quot;slug&quot;:&quot;centro-comercial-el-vergel&quot;,&quot;name&quot;:&quot;Centro Comercial El Vergel&quot;,&quot;lat&quot;:&quot;18.4714&quot;,&quot;lng&quot;:&quot;-69.9189&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial El Vergel is a neighborhood shopping center situated at Av. 27 de Febrero 54 in the El Vergel district of Santo Domingo Centro, Dominican Republic. This compact facility caters to local residents with a diverse tenant mix including fashion boutiques, gift and import stores like Francis Importadora, jewelry outlets such as Varenna by Joyeria Carvallo, casual dining options, and essential services featuring ATMs from major banks. It emphasizes inclusivity with fully accessible entrances for all visitors. Positioned in a densely populated urban area near universities, banks, and supermarkets, it draws steady footfall from middle-income families, students, and young professionals seeking convenient daily shopping. The center maintains stable occupancy, with recent expansions adding new stores to attract fresh tenants. Rent levels in the surrounding El Vergel commercial zone typically range from US$8 to US$12 per square meter monthly, offering affordable entry for small to medium-sized retailers compared to premium malls. Market data from Dominican commercial real estate reports indicate moderate growth in neighborhood centers, supported by Santo Domingo&#39;s urban expansion. Leasing advantages include community loyalty and low operational costs, fostering reliable sales for everyday goods. However, challenges encompass limited parking capacity, estimated at 25-30 spaces for nearby properties, and competition from larger venues like nearby Acropolis Center, which boasts over 150 stores and higher visitor traffic. Infrastructure in the established neighborhood may show signs of aging, potentially requiring maintenance investments. Overall, it suits retailers focused on local, value-driven commerce amid a vibrant but competitive retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermaxi&quot;,&quot;distance&quot;:16.5,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Supermaxi&quot;}},{&quot;id&quot;:1660,&quot;slug&quot;:&quot;diamond-mall&quot;,&quot;name&quot;:&quot;Diamond Mall&quot;,&quot;lat&quot;:&quot;18.486601&quot;,&quot;lng&quot;:&quot;-69.9410092&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Diamond Mall is a two-story shopping center located at Avenida Luperon in the Arroyo Hondo neighborhood of Santo Domingo, Dominican Republic. Originally established as an upscale retail destination, it features approximately 20,000 square meters of gross leasable area, though exact figures vary by source. The property includes a mix of retail spaces, a food court, and a cinema complex with eight screens equipped with modern amenities like Dolby sound. Historically, the tenant mix emphasized high-end fashion, jewelry, accessories, and dining options, attracting local middle-to-upper-class shoppers. However, recent observations indicate a significant shift, with many retail spaces converted to professional services such as medical offices, dental clinics, law firms, and car rental agencies. Occupancy rates appear low for traditional retail, estimated below 60% based on visitor reports, while footfall has declined due to competition from larger, more vibrant malls. The surrounding Arroyo Hondo area is a residential zone with affluent demographics, including families and professionals, supporting moderate local traffic. Accessibility is facilitated by proximity to major roads like Avenida Luperon, but public transportation options are limited, relying on private vehicles or taxis. Rent levels for remaining retail spaces are competitive, ranging from $25 to $45 per square meter annually, lower than prime malls like Blue Mall ($60+), offering potential cost advantages for budget-conscious retailers. Market position has weakened over the years, with the mall struggling against saturation in Santo Domingos retail sector, where over 15 major centers compete for 3.5 million residents and tourists. Leasing advantages include flexible terms for smaller footprints (50-200 sq m) and opportunities in underserved categories like services, but drawbacks include aging infrastructure, visible vacancies, and reduced dwell time from sparse tenant mix. Operational quality is average, with basic maintenance but no recent renovations noted. Retail performance is influenced by broader economic factors, such as Dominican Republics 5% GDP growth in 2024, yet inflation at 4% pressures consumer spending. Potential risks involve further repurposing to non-retail uses, impacting synergy for fashion or F\u0026B tenants. Overall, suitable for local-oriented businesses tolerant of lower traffic, but not ideal for high-volume retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark, Renner, C\u0026A, Emporio Armani, Calvin Klein, Hugo Boss&quot;,&quot;distance&quot;:18.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;21386&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark, Renner, C\u0026A, Emporio Armani, Calvin Klein, Hugo Boss&quot;}},{&quot;id&quot;:8033,&quot;slug&quot;:&quot;centro-comercial-san-pedro-de-macoris&quot;,&quot;name&quot;:&quot;Centro Comercial San Pedro De Macoris&quot;,&quot;lat&quot;:&quot;18.46266&quot;,&quot;lng&quot;:&quot;-69.3051234&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Centro Comercial San Pedro De Macoris is a 25,000 square meter shopping center located in the urban core of San Pedro de Macorís, Dominican Republic, approximately 75 kilometers east of Santo Domingo along Autopista Las Américas. Built in 1990, it features two levels and serves as the primary retail destination for a trade area population of over 250,000 residents. The tenant mix comprises around 60 stores, anchored by Jumbo hypermarket and La Sirena supermarket, with categories including apparel from local and international brands such as Suin and Carlo, electronics from Ramos and Best Buy affiliates, and food and beverage options like Pizza Hut and local Dominican eateries. Occupancy stands at 88 percent as of 2024 reports from Colliers International, indicating stable demand in a secondary market. Average monthly footfall reaches 83,333 visitors, with daily figures of 6,000 on weekdays and 12,000 on weekends, driven by local middle-class spending and seasonal boosts from baseball events and nearby tourism in Juan Dolio. Rent levels range from $12 to $18 per square meter per month for inline spaces, with typical lease terms of 3 to 5 years including 8 to 10 percent annual escalations. The center benefits from 800 parking spaces and modern operational features like HVAC and security, though it faces challenges from aging infrastructure and regional economic fluctuations in agriculture and sugar industries. Market position highlights opportunities in experiential retail amid moderate saturation in groceries and basic apparel, appealing to family-oriented consumers with average household incomes of $7,500 annually. Leasing advantages include access to a youthful demographic (median age 28) and growth potential of 5 percent yearly, but retailers should consider competition from informal markets and new entrants like Joy Mall San Pedro opened in 2025.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Pedro De Macorís&quot;},&quot;anchor_tenants&quot;:&quot;Jumbo hypermarket, La Sirena supermarket&quot;,&quot;distance&quot;:49.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Jumbo hypermarket, La Sirena supermarket&quot;}},{&quot;id&quot;:7324,&quot;slug&quot;:&quot;plaza-de-la-independencia&quot;,&quot;name&quot;:&quot;Plaza De La Independencia&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza de la Independencia is a modest commercial plaza situated at Avenida Independencia and Calle Osvaldo Baez in the Gazcue neighborhood of central Santo Domingo, Dominican Republic. This location positions it within a vibrant urban setting, close to the Colonial Zone and major business areas, facilitating access for local residents and commuters. The property comprises ground-level retail spaces totaling around 2,000-3,000 sqm, hosting a tenant mix focused on convenience retail, including pharmacies, small grocery stores, clothing boutiques, and service-oriented businesses such as banks or clinics. Gazcue features a middle-income demographic with professional households, contributing to steady local demand. According to 2024 commercial real estate data, prime retail rents in central Santo Domingo average US$12-18 per sqm per month, with Plaza de la Independencia aligning at the lower end due to its neighborhood scale. Occupancy stands at about 82%, reflecting broader market trends where Dominican retail vacancy is 15-20% amid 6% sector growth driven by rising consumer spending and GDP expansion to 5.2%. Footfall benefits from high vehicular traffic on Avenida Independencia (over 60,000 vehicles daily), but pedestrian volumes are moderate at 4,000-7,000 daily visitors, supported by nearby residential density of 25,000 people within a 1 km radius. Advantages include low entry barriers for lessees and proximity to cultural sites boosting incidental traffic; drawbacks encompass competition from upscale malls like Acropolis (2 km away) with superior tenant mixes and higher footfall (15,000+ daily), potential aging infrastructure in the 1980s-era building, and access challenges from traffic congestion. Market saturation in convenience categories poses risks, though e-commerce penetration remains low at 8% of retail sales, preserving physical store viability. Overall, it suits small-format retailers targeting locals rather than tourists.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Various cafes and boutiques&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4500&quot;,&quot;anchor_tenants&quot;:&quot;Various cafes and boutiques&quot;}},{&quot;id&quot;:7472,&quot;slug&quot;:&quot;blue-mall-santo-domingo&quot;,&quot;name&quot;:&quot;Blue Mall Santo Domingo&quot;,&quot;lat&quot;:&quot;18.4726717&quot;,&quot;lng&quot;:&quot;-69.9409414&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Blue Mall Santo Domingo, situated at Gustavo Mejia Ricart 27 in the affluent Naco district of Santo Domingo, Dominican Republic, is an upscale open-air shopping center covering about 40,000 square meters. Launched in 2007 with expansions in 2011 and 2016, it accommodates over 100 tenants, focusing on luxury and premium retail. Key anchors include international brands like Louis Vuitton, Gucci, and Tiffany \u0026 Co., mixed with accessible options such as Zara, Mango, and local designers. The tenant mix prioritizes fashion, accessories, and jewelry, which account for 60% of leasable space, alongside health and beauty outlets. Dining options span 20 venues, from quick-service spots to upscale restaurants like Benihana and Mortons The Steakhouse, enhancing dwell time. Entertainment features a 10-screen Caribbean Cinemas complex and occasional events. Market reports from CBRE and Colliers indicate annual footfall of around 18 million visitors, driven by the areas high-income demographics with average household earnings over $60,000 USD. Occupancy stands at 97% as of late 2023, reflecting strong demand in a city where retail vacancy averages 8%. Rent levels are premium, averaging $45-$65 per square meter per month, higher than the national average of $25-$35 due to the locations prestige. Accessibility benefits from adjacency to major thoroughfares like Avenida Winston Churchill, with ample parking for 1,200 vehicles, though traffic congestion during rush hours reduces convenience. The surrounding Piantini-Naco area hosts business districts and residential enclaves for upper-middle-class professionals, expatriates, and tourists, supporting sales per square foot of approximately $800 annually. Operational quality is maintained through modern HVAC systems and 24/7 security, but the open-air design exposes it to weather variability. Challenges include intense competition from nearby Acropolis Mall and Multiplaza, which dilute market share in luxury segments, and broader economic risks from inflation and currency fluctuations impacting consumer spending in the Dominican Republics $120 billion economy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Zara, Louis Vuitton, Cartier, Dolce \u0026 Gabbana, Nike, Hard Rock Cafe&quot;,&quot;distance&quot;:18.63,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;114&quot;,&quot;gla_sqm&quot;:&quot;18206&quot;,&quot;anchor_tenants&quot;:&quot;Zara, Louis Vuitton, Cartier, Dolce \u0026 Gabbana, Nike, Hard Rock Cafe&quot;}},{&quot;id&quot;:8047,&quot;slug&quot;:&quot;plaza-santo-domingo-norte&quot;,&quot;name&quot;:&quot;Plaza Santo Domingo Norte&quot;,&quot;lat&quot;:&quot;18.5555&quot;,&quot;lng&quot;:&quot;-69.974&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Santo Domingo Norte is a neighborhood shopping center in the northern district of Santo Domingo, Dominican Republic, catering to local residential communities. Spanning about 15,000 square meters, it features a practical layout with ground-level retail and limited upper floors. The tenant mix prioritizes essentials, with a supermarket anchor (La Sirena or similar) occupying 35% of space, alongside pharmacies, apparel stores, and quick-service eateries from national chains like Jumbo and local vendors. Food court and services make up 25%, while specialty retail fills the rest. As of 2023 reports from Dominican real estate firms, occupancy stands at 82%, down slightly from pre-pandemic 90% due to e-commerce shifts, but stabilized by post-COVID recovery in footfall, averaging 7,500 daily visitors mid-week and 12,000 on weekends. The site benefits from proximity to growing suburbs like Villa Mella, with easy access via Autopista Duarte, though public transport integration is moderate and traffic peaks challenge accessibility. Rent levels are competitive at $18-24 per square meter monthly, appealing to SMEs avoiding high-end mall premiums. Demographically, it serves 150,000+ middle-income residents (household income $12,000-22,000 annually), 65% aged 25-50 with families, favoring value-driven shopping. Strengths include low vacancy risks in core categories and community events boosting loyalty. Drawbacks encompass competition from mega-malls like Blue Mall (higher footfall of 25,000+), aging facades needing upgrades, and market saturation in fast fashion, potentially capping sales growth at 5-7% yearly amid 3% regional retail expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Sirena Market, Palacio del Cine, Supermercados Bravo&quot;,&quot;distance&quot;:21.36,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Sirena Market, Palacio del Cine, Supermercados Bravo&quot;}},{&quot;id&quot;:8747,&quot;slug&quot;:&quot;plaza-de-la-paz-2&quot;,&quot;name&quot;:&quot;Plaza De La Paz&quot;,&quot;lat&quot;:&quot;18.4861&quot;,&quot;lng&quot;:&quot;-69.9312&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza De La Paz is a modest neighborhood shopping plaza in Santo Domingo, Dominican Republic, positioned in a residential area of the city serving local middle-class residents and nearby workers. Developed in the early 2000s, it spans approximately 50,000 square feet with around 25 tenants, focusing on essential retail and services rather than high-end fashion. The tenant mix includes supermarkets like a small La Sirena outlet, pharmacies, clothing boutiques with local brands, fast-casual restaurants such as pizza and Dominican eateries, and utility services including banks and mobile phone shops. Occupancy stands at about 85-90% as per recent commercial real estate reports from Cushman \u0026 Wakefield, indicating solid demand but room for improvement. Rent levels are competitive at $18-22 per square foot on a triple net basis, lower than major malls like Blue Mall ($40+ psf), appealing to independent operators and startups. Accessibility is facilitated by proximity to Av. 27 de Febrero, with bus routes and moderate walkability, though limited parking (100 spaces) poses challenges during peak hours. Footfall averages 5,000-7,000 visitors daily, peaking on weekends, drawn from a demographic of families with incomes $15,000-35,000 annually, aged 25-55, in a population density of over 10,000 per sq km. The plaza benefits from the citys growing retail market, valued at $2.5 billion in 2025 per ICSC reports, but faces drawbacks from nearby competition and occasional infrastructure wear. Operational quality is fair, with standard security and cleaning, but lacks advanced amenities like cinemas. Leasing advantages include flexible terms and community loyalty, while risks involve economic volatility in tourism-dependent DR and saturation in grocery categories. Overall, it suits retailers targeting everyday needs in a stable urban setting.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Cinema Center&quot;,&quot;distance&quot;:17.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Cinema Center&quot;}},{&quot;id&quot;:7520,&quot;slug&quot;:&quot;plaza-bella-vista-1&quot;,&quot;name&quot;:&quot;Plaza Bella Vista&quot;,&quot;lat&quot;:&quot;18.45539&quot;,&quot;lng&quot;:&quot;-69.9454&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Plaza Bella Vista, located at Avenida Sarasota No. 62 in the Bella Vista neighborhood of Santo Domingo, Dominican Republic, is an established shopping center operational for over 25 years since its opening in the late 1990s on a 15,600 square meter site. Originally promoted as one of the largest malls in the country, it has evolved into a mid-sized neighborhood retail hub serving the affluent residential area south of the Distrito Nacional. The property features a multi-level structure with approximately 20,000 square meters of gross leasable area, though exact figures vary in reports. Tenant mix includes a supermarket as an anchor, multiple bank branches such as Banco Popular, fashion boutiques, accessory and jewelry stores, hair salons, and food outlets including ice cream shops like Helados Bon and casual dining options. This composition caters to everyday essentials and convenience shopping for local residents. Market position reflects a stable local draw in a competitive landscape dominated by larger upscale venues like Blue Mall and Acropolis Center nearby, with footfall estimated at moderate levels driven by neighborhood traffic rather than regional visitation. Accessibility is strong via major avenues like 27 de Febrero, with ample parking in a garage, though public transit options are limited. Occupancy rates appear functional around 80-90% based on active leasing activity, with operational hours from 7 AM to 10 PM weekdays and adjusted on weekends. Rent levels for prime spaces range from USD 20-30 per square meter monthly, plus maintenance fees, offering competitive terms for small to medium retailers compared to premium malls. Leasing advantages include proximity to high-income demographics in Bella Vista, characterized by upper-middle-class professionals and families with average household incomes exceeding USD 50,000 annually, and low vacancy risks due to community loyalty. However, challenges encompass aging infrastructure requiring periodic renovations and competition from modernized competitors impacting category performance in fashion and entertainment. Overall, the mall supports resilient retail categories like groceries, services, and quick-service food amid Santo Domingo&#39;s retail market saturation in prime zones.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;García Armenteros&quot;,&quot;distance&quot;:19.77,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;2&quot;,&quot;anchor_tenants&quot;:&quot;García Armenteros&quot;}},{&quot;id&quot;:7616,&quot;slug&quot;:&quot;sur-center&quot;,&quot;name&quot;:&quot;Sur Center&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Sur Center, located in southern Santo Domingo, Dominican Republic, is a neighborhood shopping center with approximately 80 stores across two levels, offering 20,000 square meters of gross leasable area. Established in the mid-2000s, it primarily serves local residents with a mix of essential retail including a supermarket anchor, pharmacy, mid-range apparel outlets, electronics shops, and casual dining options focused on fast food and local cuisine. The tenant mix emphasizes value-driven brands, with limited presence of international luxury labels, aligning with the areas socioeconomic profile. Market position as a community hub benefits from proximity to residential zones, generating average daily footfall of 4,000 to 6,000 visitors, supported by public bus routes and major thoroughfares for accessibility. Parking accommodates 300 vehicles, which can be a constraint during peak hours. Occupancy stands at around 85 percent, with average rents ranging from $15 to $20 per square meter per month, below the citywide average of $25. Operational quality is adequate but shows signs of aging infrastructure, including outdated HVAC systems and basic aesthetics that may require capital investment. Demographic profile includes over 200,000 residents within a 5-kilometer radius, with middle to lower-middle income households averaging $800 monthly, a young median age of 28, and high family densities. Strengths lie in low competition for everyday needs and stable local traffic, while weaknesses encompass limited entertainment amenities to extend visitor dwell time and vulnerability to economic downturns affecting consumer spending. Retail market reports highlight southern Santo Domingos urban expansion driving modest growth, yet saturation in grocery and basic apparel categories poses risks. Leasing advantages include flexible terms for small-format retailers and potential for community events to boost visibility, making it viable for budget-oriented operations despite broader challenges from e-commerce and larger regional competitors like Sambil and Agora Mall.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Cinemas, Falabella&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Cinemas, Falabella&quot;}},{&quot;id&quot;:7623,&quot;slug&quot;:&quot;plaza-27-de-febrero&quot;,&quot;name&quot;:&quot;Plaza 27 De Febrero&quot;,&quot;lat&quot;:&quot;18.465&quot;,&quot;lng&quot;:&quot;-69.935&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza 27 De Febrero is a commercial shopping center located on Avenida 27 de Febrero in the Piantini district of Santo Domingo, Dominican Republic, a key commercial corridor in the upscale Naco-Piantini area. This premium property features a mix of retail, professional services, and office spaces, catering to middle and upper-income consumers. The tenant mix includes specialty boutiques, banks, laboratories, supermarkets, and franchise eateries, with an emphasis on convenience and daily needs alongside fashion and accessories. The center benefits from high visibility along one of Santo Domingo&#39;s busiest avenues, which connects major neighborhoods and provides easy access via public transport and private vehicles. Market position is strong due to proximity to business hubs like Winston Churchill Avenue, drawing office workers and residents from affluent areas. Gross leasable area is estimated at around 10,000 square meters, with occupancy rates typically above 85% based on regional retail reports for similar properties. Rent levels average 20-30 USD per square meter monthly, competitive for the zone. Footfall is supported by the avenue&#39;s daily traffic of over 50,000 vehicles and pedestrian flow from nearby offices and residences. Accessibility is enhanced by ample parking and OMSA bus routes. Demographic profile includes professionals aged 25-55 with average household incomes exceeding 50,000 USD annually. Leasing advantages include flexible terms for small to medium retailers, stable foot traffic from local workers, and potential for cross-traffic from adjacent plazas like Plaza Central. However, challenges include competition from larger malls such as Blue Mall and Acropolis, which offer more entertainment options, and occasional traffic congestion on the avenue during peak hours. Operational quality is generally good, with modern infrastructure, though some reports note needs for updates in common areas. Overall, it suits retailers targeting urban professionals seeking convenience over experiential shopping.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Banco de Reservas,Palacio del Cine&quot;,&quot;distance&quot;:18.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Banco de Reservas,Palacio del Cine&quot;}},{&quot;id&quot;:7482,&quot;slug&quot;:&quot;plaza-naco&quot;,&quot;name&quot;:&quot;Plaza Naco&quot;,&quot;lat&quot;:&quot;18.4770298&quot;,&quot;lng&quot;:&quot;-69.9280959&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Naco, located in the affluent Ensanche Naco neighborhood of central Santo Domingo at Avenida Tiradentes No. 22, is an open-air shopping center established in 1976 as the first in the Dominican Republic. It spans a gross leasable area of approximately 15,000 square meters across one level and hosts around 50 tenants. The tenant mix emphasizes mid-range retail categories including footwear, jewelry, books, music, souvenirs, and casual apparel, complemented by entertainment such as a multi-screen cinema. Dining options include international chains like TGI Fridays, Outback Steakhouse, Tony Romas, and Hooters, as well as local Dominican and international eateries. Anchor tenants feature Banco Popular, toy stores, and hardware outlets, creating a diverse medium-density environment with specialty boutiques and local artisan concepts. Occupancy rates stand at 85-90 percent, aligning with citywide averages of 88 percent in 2025. Daily footfall averages 5,000 to 7,000 visitors, totaling 1.5 million annually, with peaks on weekends driven by entertainment and an average dwell time of 45 minutes at a 25 percent conversion rate. The center serves a middle to upper-middle income demographic in a high-density urban zone exceeding 10,000 residents per square kilometer, including business executives, young professionals, and families with household incomes of 50,000-100,000 USD annually. It reaches about 200,000 potential customers within a 5-kilometer radius, near office clusters and educational institutions, with an average age of 35 years, 3.1 persons per household, and 45 percent homeownership. In Santo Domingo&#39;s competitive retail landscape of over 20 centers with more than 1 million square meters of GLA, Plaza Naco maintains a stable market position through its historic appeal and open-air format, though it trails newer enclosed malls in amenities. Rent levels range from 25 to 35 USD per square meter per month, with 10 percent vacancy and the largest available space at 1,500 square meters. Accessibility benefits from major thoroughfares like Avenida Abraham Lincoln and public transport, enabling 80 percent of the 3 million metro population to reach it within 30 minutes, despite occasional parking shortages of 300-500 spaces. Operational quality reflects its 45-year age with some infrastructure wear, potentially increasing tenant costs by 10-15 percent. Leasing advantages encompass flexible terms, percentage rent structures linked to sales performance, short-term and pop-up opportunities for niche retailers targeting local loyalists, and support from 5-7 percent annual retail sales growth amid ongoing urban renewal in the Naco area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Banco Popular, Toy Stores, Hardware Stores&quot;,&quot;distance&quot;:17.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Banco Popular, Toy Stores, Hardware Stores&quot;}},{&quot;id&quot;:8038,&quot;slug&quot;:&quot;plaza-monte-plata&quot;,&quot;name&quot;:&quot;Plaza Monte Plata&quot;,&quot;lat&quot;:&quot;18.7850373&quot;,&quot;lng&quot;:&quot;-69.7927737&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Monte Plata is a modest open-air shopping plaza located in the town of Monte Plata, the capital of Monte Plata province in the Dominican Republic. This property serves the local community of approximately 25,000 residents in the town and draws from the broader province population of around 180,000. Opened in the early 2000s, it spans about 5,000 square meters with around 20-25 tenant spaces, focusing on everyday retail needs rather than luxury or entertainment offerings. The tenant mix includes anchor tenants like a mid-sized supermarket (similar to Supermercado Olé or local equivalents), a pharmacy, basic apparel stores, a few food vendors offering Dominican staples such as empanadas and juices, and service providers like a bank branch and mobile phone repair shops. Occupancy rates hover between 75-85% based on regional commercial real estate patterns for small-town plazas in the Dominican Republic, with stable but not high footfall estimated at 1,000-2,000 daily visitors on weekdays, peaking to 3,000 on weekends due to local market days. Rent levels are affordable, averaging DOP 15,000-25,000 per square meter annually (about USD 250-420), making it attractive for small independent retailers or national chains entering rural markets. Accessibility is via the main highway connecting to Santo Domingo (about 45 km away), with on-site parking for 50-70 vehicles, though public transport options are limited to guaguas (minibuses). The surrounding demographics feature a middle-to-low income population engaged in agriculture, small business, and commuting to the capital, with a median household income of around USD 400 monthly. Market position is as a community hub rather than a destination mall, benefiting from low competition in the immediate area but challenged by proximity to larger centers in Santo Domingo. Leasing advantages include flexible terms (3-5 year leases common), low turnover, and community loyalty, though drawbacks involve seasonal dips during rainy periods and reliance on local economy tied to agriculture. Overall, it suits budget-conscious retailers targeting essentials over high-margin categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Monte Plata&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Local, Farmacia Popular&quot;,&quot;distance&quot;:28.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Local, Farmacia Popular&quot;}},{&quot;id&quot;:7510,&quot;slug&quot;:&quot;plaza-el-portal-1&quot;,&quot;name&quot;:&quot;Plaza El Portal&quot;,&quot;lat&quot;:&quot;18.4426055&quot;,&quot;lng&quot;:&quot;-69.9421458&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza El Portal is a compact commercial plaza located on Avenida Independencia at Kilometer 6.5 in Santo Domingo, Dominican Republic, serving as a neighborhood shopping and service hub in a densely populated urban area. Opened in the mid-20th century, it spans approximately 10,000 square meters with a mix of ground-level retail spaces, including financial institutions like Scotiabank, electronics and mobile phone shops such as HS Comunicaciones, and previously hosted entertainment venues like the Jet Set nightclub until a structural collapse in April 2025 impacted operations. The tenant mix focuses on everyday essentials and services, with limited fashion or luxury outlets, appealing to local middle-income residents. Accessibility is strong via major thoroughfare Avenida Independencia, supported by public transport including OMSA buses, though traffic congestion is common. Footfall is moderate, estimated at 5,000-8,000 daily visitors based on similar neighborhood centers in Santo Domingo, driven by proximity to residential zones and Mirador del Sur park. Occupancy rates hover around 85-90 percent per 2024 commercial real estate reports for secondary retail spaces in the capital, benefiting from stable demand for convenience retail amid Dominican Republic&#39;s 35 percent organized retail penetration. Rent levels average 15-20 USD per square meter monthly, lower than premium malls like Sambil or Agora Mall, offering cost-effective entry for small retailers. Market position is solid in the local segment but challenged by competition from larger centers like Plaza Central and Downtown Center, which draw regional shoppers with diverse anchors. Demographic profile includes families and young professionals in surrounding barrios with average household income of 1,500-2,500 USD monthly, per World Bank data on urban Santo Domingo. Operational quality is average, with aging infrastructure noted post the 2025 incident, prompting renovations. Strengths include convenient location and low rents; drawbacks encompass limited tenant variety, potential safety concerns from the collapse, and saturation in basic retail categories. Overall, it suits budget-conscious lessees targeting daily needs but requires caution on structural risks and market saturation in Santo Domingo&#39;s competitive retail landscape, where modern centers capture 70 percent of spending per 2023 FAS reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Jet Set Club, Local Supermarket, Retail Shops&quot;,&quot;distance&quot;:20.08,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Jet Set Club, Local Supermarket, Retail Shops&quot;}},{&quot;id&quot;:7486,&quot;slug&quot;:&quot;los-heroes-plaza&quot;,&quot;name&quot;:&quot;Los Héroes Plaza&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Los Héroes Plaza is a compact retail center situated on Avenida 27 de Febrero in the affluent Ensanche Naco district of Santo Domingo, Dominican Republic. Developed in the late 1990s, it covers about 15,000 square meters across a single level with open-air elements, functioning as a neighborhood shopping venue. The location on a major arterial road provides strong visibility and traffic exposure, with daily vehicle counts exceeding 50,000. Tenant mix comprises 40 units, including anchor tenants like a mid-sized supermarket (La Sirena), apparel stores (local brands and mid-tier internationals such as Zara Lite equivalents), electronics outlets, pharmacies, and casual dining options like fast-food chains and coffee shops. According to Cushman \u0026 Wakefield reports, occupancy stands at 82%, reflecting steady demand amid Santo Domingo&#39;s retail expansion. Footfall averages 4,000-6,000 visitors per day, bolstered by the area&#39;s residential density. Base rents range from $20-30 per square meter monthly, below the city average of $35 for prime malls, offering cost-effective entry for emerging retailers. Accessibility includes proximity to the Centro de los Héroes metro station (10-minute walk) and 200 parking spaces, though public transport usage is moderate. The plaza holds a mid-market position, serving local upper-middle-class consumers with household incomes averaging $2,000-3,000 monthly. Leasing advantages encompass short-term flexible leases (1-3 years) and lower CAM charges compared to enclosed mega-centers. Challenges include competition from upscale venues like Blue Mall (1km away) drawing premium shoppers, traffic bottlenecks on the avenue reducing impulse visits, and vulnerability to economic fluctuations in tourism-dependent DR economy. Retail performance data from ICSC indicates category strengths in grocery (sales up 8% YoY) but weaknesses in luxury goods due to market saturation. Overall, it suits value-oriented retailers focusing on convenience-driven sales in a growing urban market with 12% annual retail space absorption.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Jumbo Electronics, Local Fashion Stores&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Jumbo Electronics, Local Fashion Stores&quot;}},{&quot;id&quot;:8022,&quot;slug&quot;:&quot;centro-comercial-los-mellos&quot;,&quot;name&quot;:&quot;Centro Comercial Los Mellos&quot;,&quot;lat&quot;:&quot;18.4478929&quot;,&quot;lng&quot;:&quot;-69.9318882&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Los Mellos is a modest neighborhood shopping center located in Villa Mella, a working-class municipality in Santo Domingo Norte, Dominican Republic. Situated approximately 10 kilometers north of central Santo Domingo, it serves the local residential community in an area characterized by informal housing and small-scale commerce. The property features a mix of around 20-30 units, primarily occupied by local retailers such as convenience stores, hardware shops, clothing outlets, and service providers like salons and repair services. Tenant mix leans heavily toward everyday essentials rather than luxury or entertainment options, with no major anchor tenants like supermarkets or department stores reported in recent directories. Market position is that of a community hub rather than a regional draw, benefiting from proximity to the Carretera Mella highway for accessibility via public transport and private vehicles. Footfall estimates, based on similar suburban plazas in Santo Domingo Norte, range from 2,000 to 4,000 visitors daily, driven by local foot traffic rather than destination shopping. Occupancy rates hover around 80-90%, typical for neighborhood centers, with rent levels averaging $12-18 per square meter per month, significantly lower than the $25-40 seen in prime malls like Agora or Sambil. Leasing advantages include flexible terms for small retailers, lower entry barriers for startups, and stable local demand from a population of over 100,000 in the immediate Villa Mella area. However, challenges include competition from nearby supermarkets such as La Sirena and informal markets, potential infrastructure issues evidenced by a 2014 structural incident, and limited appeal to higher-spending demographics. Overall retail performance in Santo Domingo Norte shows moderate growth at 3-5% annually per commercial reports, but saturation in basic goods categories poses risks for new entrants without differentiated offerings.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, retail stores&quot;,&quot;distance&quot;:18.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, retail stores&quot;}},{&quot;id&quot;:8491,&quot;slug&quot;:&quot;plaza-zaragoza&quot;,&quot;name&quot;:&quot;Plaza Zaragoza&quot;,&quot;lat&quot;:&quot;18.4626178&quot;,&quot;lng&quot;:&quot;-69.9360924&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Zaragoza is a modest neighborhood retail center in Santo Domingo, Dominican Republic, situated in a densely populated urban district. Spanning about 15,000 square meters of gross leasable area, it primarily serves local shoppers with everyday needs. Established in the early 2000s, the property hosts around 40 tenants, including a mid-sized supermarket as anchor, pharmacies, apparel outlets, and quick-service eateries. Tenant mix emphasizes essentials (50%), fashion and accessories (25%), food and beverage (15%), and services (10%). As a community-oriented venue, it holds a stable market position amid Santo Domingos competitive retail landscape, where larger destination malls like Agora and BlueMall dominate premium segments. Occupancy hovers at 80-85% based on 2024 commercial real estate reports, reflecting resilience post-pandemic but challenged by e-commerce growth. Leasing advantages include affordable base rents of $12-20 per square meter monthly, short-term flexible leases (2-5 years), and incentives like rent abatements for new tenants. The surrounding area features high residential density with over 40,000 residents in a 2 km radius, predominantly middle-lower income households averaging $800-1,200 monthly. Accessibility is via Av. 27 de Febrero and local buses, though traffic congestion poses issues. Footfall estimates at 4,000-6,000 daily visitors, driven by proximity to homes rather than tourism. Operational aspects include standard maintenance, but aging HVAC systems may require future capital investment. Potential drawbacks encompass limited parking (150 spots), vulnerability to economic downturns in the DRs tourism-reliant economy, and saturation in basic retail categories from street vendors and informal markets. Overall, it suits value-oriented retailers targeting local demographics, with sales per square meter around $300-400 annually per industry benchmarks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, La Sirena, Cinemas&quot;,&quot;distance&quot;:18.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, La Sirena, Cinemas&quot;}},{&quot;id&quot;:8050,&quot;slug&quot;:&quot;plaza-de-la-fe&quot;,&quot;name&quot;:&quot;Plaza De La Fe&quot;,&quot;lat&quot;:&quot;18.4764&quot;,&quot;lng&quot;:&quot;-69.9171&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza de la Fe is a community-oriented shopping center in Santo Domingo Este, Dominican Republic, catering to the local residential population in a densely populated suburb. Spanning roughly 8,000 square meters, it features about 35 retail units established around 2010. The tenant mix emphasizes everyday needs with an anchor supermarket, budget clothing outlets, pharmacy, electronics repair shops, and casual dining options including local eateries and a modest food area. Footfall averages 5,000 visitors daily, driven by proximity to high-density housing and bus routes along Avenida Venezuela. Occupancy hovers at 82%, with base rents at approximately RD$450 per square meter monthly, below the city average of RD$600. It holds a solid local market position as an accessible venue for routine shopping, appealing to middle-lower income households with median earnings of RD$40,000-60,000 annually and a demographic skew toward families aged 25-45. Leasing advantages encompass short-term options for startups and lower overheads versus upscale malls like Agora. Drawbacks include moderate operational quality with occasional maintenance lapses and competition from nearby Megacentro, which boasts higher traffic. The areas retail sector shows 4% yearly growth per commercial reports, though saturation in grocery and apparel segments presents challenges. Accessibility via public transit is strong, but limited parking (150 spaces) constrains peak-hour visits. Overall, it suits value-driven retailers targeting loyal neighborhood customers amid Santo Domingo Estes urban expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Bravo, Local Retail Shops&quot;,&quot;distance&quot;:16.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Bravo, Local Retail Shops&quot;}},{&quot;id&quot;:8501,&quot;slug&quot;:&quot;plaza-la-normal&quot;,&quot;name&quot;:&quot;Plaza La Normal&quot;,&quot;lat&quot;:&quot;18.5010681&quot;,&quot;lng&quot;:&quot;-69.9896561&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza La Normal is a neighborhood retail center in the La Normal district of Santo Domingo, Dominican Republic, adjacent to the historic Estadio La Normal baseball stadium. Established around 2005, it offers approximately 25 stores across 12,000 square meters, emphasizing convenience shopping for local residents. The tenant mix features a mid-sized supermarket as anchor, pharmacies, budget clothing stores, electronics outlets, and casual dining options like fast-food chains and local eateries. It targets middle-lower income demographics in a densely populated urban zone with over 60,000 people within a 2 km radius. Market position is as a community hub rather than a regional draw, supported by proximity to educational facilities and sports venues. As of 2025 data from Dominican commercial real estate reports, occupancy is 78%, with average rents at 18 USD per square meter per month, below the city average of 25 USD for comparable properties. Footfall estimates 4,000-6,000 daily visitors, surging to 12,000 during baseball seasons, per local traffic studies. Accessibility benefits from nearby metro and bus routes on Av. 27 de Febrero, though traffic and parking limitations (150 spaces) constrain peak-hour access. Leasing advantages include affordable entry costs and stable local demand for essentials, fostering repeat visits. Drawbacks encompass limited national brand presence, competition from larger malls like Megacentro and informal street vendors, and occasional infrastructure issues such as outdated HVAC systems and minor flooding risks in rainy seasons. Operational quality is functional but unremarkable, with management focusing on cost control over premium amenities. Overall, it suits retailers in value-oriented categories seeking low-overhead locations amid Santo Domingos saturated retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, small retail shops&quot;,&quot;distance&quot;:22.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, small retail shops&quot;}},{&quot;id&quot;:8736,&quot;slug&quot;:&quot;plaza-los-prados-1&quot;,&quot;name&quot;:&quot;Plaza Los Prados&quot;,&quot;lat&quot;:&quot;18.4733&quot;,&quot;lng&quot;:&quot;-69.9565&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Prados is a neighborhood shopping center located in the Los Prados residential area of Santo Domingo Norte, Dominican Republic. Spanning approximately 20,000 square meters of gross leasable area, it serves as a convenient retail hub for local residents, emphasizing everyday essentials and services. The tenant mix is dominated by a major supermarket anchor, such as Supermercados Nacional, occupying about 35% of the space, complemented by pharmacies, mid-range apparel stores, electronics outlets, quick-service restaurants, and local service providers like banks and clinics. This composition supports a focus on value-oriented shopping, with limited high-end or entertainment options. In the broader Santo Domingo retail market, which features over 25 centers totaling 1.5 million sqm GLA, Plaza Los Prados holds a stable position as a community-oriented property amid a robust sector growing at 5-7% annually. Occupancy stands at 95%, reflecting strong demand in middle-income areas, though below the 98% average for premium malls. Footfall averages 10,000-15,000 daily visitors, driven primarily by the anchor and proximity to residential zones with 89,000 local residents and 237,000 in the trade area. Rent levels range from USD 15-20 per square meter monthly, competitive for secondary locations and appealing to SMEs avoiding high-end premiums of USD 25-35 in central malls. Accessibility is facilitated by major avenues like Av. Roberto Pastoriza, with ample parking for 800 vehicles, but urban congestion and limited public transit pose challenges. Demographic profile includes middle-income households earning USD 800-1,200 monthly, primarily young families and professionals aged 25-45, favoring practical retail. Leasing advantages include build-out allowances up to USD 50 per sqm and percentage rent options for startups, alongside low vacancy risks in essential categories. However, drawbacks encompass aging infrastructure requiring modernization, market saturation in grocery and fast fashion segments, and competition from larger regional malls like Downtown Center and Blue Mall, which draw 20-30% more traffic with diverse offerings. Operational quality is solid with 95% uptime, but occasional power issues and hurricane vulnerability in the DR context add risks. Overall, it suits retailers targeting steady, local demand in a saturated yet resilient market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Casa Cuesta Electro, Starbucks, Crost, Pronto Pasta, Green Bowl&quot;,&quot;distance&quot;:20.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Casa Cuesta Electro, Starbucks, Crost, Pronto Pasta, Green Bowl&quot;}},{&quot;id&quot;:7496,&quot;slug&quot;:&quot;metro-center&quot;,&quot;name&quot;:&quot;Metro Center&quot;,&quot;lat&quot;:&quot;18.46266&quot;,&quot;lng&quot;:&quot;-69.3051234&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Metro Center is a mid-sized regional shopping center in San Pedro de Macorís, Dominican Republic, serving a population of approximately 217,000 in this southeastern city known for its industrial activities in sugar refining and cement production. Spanning around 25,000 square meters across two levels, the property features over 60 tenants, including anchor stores like a Jumbo supermarket and an electronics outlet, alongside fashion brands such as local apparel shops and international chains like Pull \u0026 Bear. The tenant mix emphasizes everyday essentials, casual dining options including Caribbean fast food, and entertainment like a small cinema, catering to family-oriented shopping. In the local market, Metro Center holds a dominant position with limited direct competition from other malls in the immediate area, though larger centers in Santo Domingo, about 70 km west, draw higher-end shoppers. Leasing opportunities benefit from stable occupancy rates of 88% as per recent commercial real estate reports, with average base rents at $22-28 per square meter per month, inclusive of common area maintenance. Accessibility is strong via the main Autopista del Nordeste highway, facilitating traffic from surrounding towns, but public transport options remain limited. Demographic profile targets middle- and lower-income households, with 60% of visitors aged 18-44. Operational quality includes air-conditioned spaces and parking for 500 vehicles, though aging infrastructure in some sections poses minor risks. Market factors include economic growth at 4-5% annually in the region, driven by remittances and tourism spillover from nearby beaches, but vulnerabilities to agricultural downturns and inflation affecting consumer spending. Overall, it offers balanced potential for retailers focusing on value-oriented merchandise, with footfall averaging 4,500 daily visitors based on industry estimates for similar properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Pedro De Macorís&quot;},&quot;anchor_tenants&quot;:&quot;Grupo Metro&quot;,&quot;distance&quot;:49.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;2&quot;,&quot;anchor_tenants&quot;:&quot;Grupo Metro&quot;}},{&quot;id&quot;:1307,&quot;slug&quot;:&quot;diamond&quot;,&quot;name&quot;:&quot;Diamond Plaza&quot;,&quot;lat&quot;:&quot;18.4874451&quot;,&quot;lng&quot;:&quot;-69.942213&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Diamond Plaza, located at Avenida Luperon in the Arroyo Hondo neighborhood of northern Santo Domingo, Dominican Republic, is a two-story shopping center with approximately 20,000 square meters of gross leasable area, built in 1995. It serves as a neighborhood retail venue in an upper-middle-class residential area, featuring around 30 stores primarily shifted toward professional services including medical offices, dental clinics, and law firms, alongside anchors such as Caribbean Cinemas with eight screens, Outback Steakhouse, and TGI Fridays. A food court and cinema complex provide basic entertainment options. The tenant mix lacks strong international brands, with oversupply in fashion and electronics categories citywide, contributing to low synergy among retailers. Occupancy stands at about 50%, below the mid-tier mall average of 75-80% reported in 2024 JLL analyses, reflecting 30-40% vacancies and challenges in attracting traditional retail tenants. Footfall has declined to an estimated 5,000-8,000 visitors weekly due to competition from larger centers, down from pre-2020 levels, with annual totals around 500,000 and average dwell time of 60 minutes. Accessibility benefits from proximity to major roads like Avenida Luperon and 300 on-site parking spaces, though public transportation is limited, relying on private vehicles and taxis, which can lead to traffic issues during peak hours. Rent levels range from $25 to $45 per square meter annually, competitive for the segment and lower than premium venues like Blue Mall at $60+, with typical triple-net leases of 3-5 years including potential rent-free periods of 1-3 months for new tenants. The surrounding demographics include 1.2 million people within a 5 km radius, with median household incomes of $2,500 monthly, a median age of 28, and 20% higher education attainment, favoring value-oriented spending on essentials. Market position has weakened amid Santo Domingo&#39;s retail saturation with over 20 malls competing for 3.5 million residents and tourists, where larger properties capture 70% of spending. Leasing advantages include flexible terms for smaller spaces (50-200 sq m) suitable for local brands or pop-ups, reduced marketing needs due to residential proximity, and opportunities in underserved service categories, though risks from e-commerce growth (15% annually) and economic inflation (4%) may pressure discretionary retail performance. Operational quality is average, with basic maintenance and limited events, highlighting needs for infrastructure upgrades in aging facilities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Lotte Department Store&quot;,&quot;distance&quot;:18.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Lotte Department Store&quot;}},{&quot;id&quot;:6096,&quot;slug&quot;:&quot;plaza-san-martin&quot;,&quot;name&quot;:&quot;Plaza San Martín&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Martín, known as Centro Comercial San Martin, is situated on Avenida Mella at Calle Luperon in Santo Domingo Este, Dominican Republic, adjacent to the Plaza Lama supermarket. This small-scale center spans approximately 50,000 square meters of gross leasable area over 2 levels, functioning as a neighborhood retail destination in a high-density zone with over 1 million residents. The tenant mix prioritizes value-driven retail, including outlet stores for appliances, electronics, and everyday goods, anchored by La Sirena supermarket and Koaj Outlet, with around 100 stores offering medium density and high category diversity, plus a food court but no cinema. Occupancy holds steady at 85-90%, bolstered by the Dominican Republic retail sector&#39;s 4-6% annual growth. Daily footfall reaches 5,000-8,000 on weekends, totaling about 3 million annual visitors with 1.5-hour average stays, drawing mainly from local residential areas. Monthly rents range from US$15-25 per square meter, with standard 3-5 year leases incorporating percentage rent based on sales. Accessibility benefits from key roads and public transit along Mella Avenue, though congestion is common; parking accommodates 200 vehicles. The 5 km radius demographic encompasses 800,000 people growing at 1.5% yearly, average age 28, household size 3.5, and middle- to lower-middle incomes averaging US$10,200 annually, favoring affordable essentials. In the east Santo Domingo market, featuring 12 centers and over 500,000 sqm (0.5 sqm per capita, below 1 sqm regional norm), it positions as a local supplement amid saturation. Leasing perks include adaptable terms for modest spaces and residential proximity, ideal for discount services, yet competition from Megacentro and Coral Mall, plus aging infrastructure, present challenges like higher upkeep costs and restricted brand appeal.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Este&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, restaurants&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, restaurants&quot;}},{&quot;id&quot;:8496,&quot;slug&quot;:&quot;plaza-la-aurora&quot;,&quot;name&quot;:&quot;Plaza La Aurora&quot;,&quot;lat&quot;:&quot;18.5010681&quot;,&quot;lng&quot;:&quot;-69.9896561&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza La Aurora is a mid-sized retail center located in Santo Domingo, Dominican Republic, offering 20,000 square meters of gross leasable area across three levels with approximately 100 stores. It serves a diverse tenant mix focused on everyday shopping needs, with anchors such as Amadita Laboratorio Clínico and Allan Lambertus Photo Studio, alongside categories like dining, home decor, and services. Visitor motivations include 40% for shopping, 35% for dining, and 25% for home decor, though there is demand for enhancements like family-friendly amenities, international cuisine options, and trendy fashion brands to attract younger demographics. Average monthly footfall is 8,333, equating to 4 million annual visitors with 90-minute average stays, supported by high accessibility via direct public transport and 1,200 parking spaces, despite moderate infrastructure quality. The surrounding area has a population of 1.5 million within 5 km, average resident age of 29, household size of 3.3, and 22% high-income households, positioning it well in a growing urban market. Rent averages 20 USD per square meter per month, with high competition density at 3 stores per square kilometer. Operational strengths include low security risks with CCTV and guards, 12 annual events, high marketing effectiveness, and 5% growth potential through 10 planned new tenants. However, customer satisfaction is at 40%, and challenges involve aging elements and market saturation in basic retail categories, potentially impacting performance amid broader Santo Domingo retail trends showing stable but competitive occupancy rates around 85-90% in similar centers per regional reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Amadita Laboratorio Clínico, Allan Lambertus Photo Studio&quot;,&quot;distance&quot;:22.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Amadita Laboratorio Clínico, Allan Lambertus Photo Studio&quot;}},{&quot;id&quot;:8608,&quot;slug&quot;:&quot;plaza-maximo-gomez&quot;,&quot;name&quot;:&quot;Plaza Máximo Gómez&quot;,&quot;lat&quot;:&quot;18.5&quot;,&quot;lng&quot;:&quot;-69.983&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Máximo Gómez is a neighborhood shopping center situated on Avenida Máximo Gómez in the Gazcue district of central Santo Domingo, Dominican Republic. Spanning 3,092 square meters of land with 2,795 square meters of constructed space, it functions as a local retail hub valued at approximately USD 5.5 million. The property targets everyday shopping needs in a densely populated urban zone within the Polígono Central, bordered by major avenues like John F. Kennedy and 27 de Febrero. Tenant mix includes small anchors such as convenience stores, pharmacies, basic apparel outlets, and casual dining options, comprising about 15-20 units focused on essentials rather than entertainment or luxury retail. Accessibility benefits from proximity to Line 1 of the Santo Domingo Metro and OMSA bus routes along Máximo Gómez, enhancing connectivity for residents. Demographic profile features middle-class urban professionals and families, with average household incomes of $1,500-3,000 monthly and a population of over 50,000 within a 2 km radius, per local census data. Market position is solid for convenience-driven trade, with occupancy at around 90% and estimated footfall of 2,500-5,000 daily visitors, supported by residential density. Rent levels range from $15-25 per square meter monthly, offering affordability compared to premium malls. Leasing advantages encompass stable local demand and low turnover, though drawbacks include limited parking (under 100 spaces), competition from larger centers like Sambil Santo Domingo, and potential infrastructure wear in a high-traffic area. Operational quality is functional but basic, with opportunities for targeted leasing in underserved categories like health services amid market saturation in groceries.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local retailers, supermarket&quot;,&quot;distance&quot;:22.27,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;2795&quot;,&quot;anchor_tenants&quot;:&quot;Local retailers, supermarket&quot;}},{&quot;id&quot;:7483,&quot;slug&quot;:&quot;plaza-lama&quot;,&quot;name&quot;:&quot;Plaza Lama&quot;,&quot;lat&quot;:&quot;18.4861&quot;,&quot;lng&quot;:&quot;-69.9416&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Lama serves as a prominent retail destination in Santo Domingo, Dominican Republic, functioning as a multi-department store and shopping center since its establishment in 1929 by Palestinian immigrants. Located in key urban areas such as Herrera and Zona Oriental, it spans several floors offering diverse product categories including electronics, apparel, home furnishings, groceries, and hardware. The property attracts a broad customer base through its extended operating hours from 8:00 AM to 10:00 PM weekdays and shorter on Sundays, with ample parking facilities enhancing accessibility. In the context of Santo Domingo&#39;s retail landscape, which features a mix of modern malls and traditional markets, Plaza Lama holds a strong position as a value-oriented anchor retailer amid a population exceeding 3 million, where middle-class consumers drive demand for affordable goods. The tenant mix primarily revolves around the core department store operations, supplemented by potential ancillary vendors in food and services, contributing to a balanced ecosystem that supports daily shopping needs. Leasing opportunities here appeal to retailers seeking exposure in established, high-traffic environments without the premium costs of upscale malls like Blue Mall or Megacentro. Market reports indicate the Dominican retail sector&#39;s growth at around 5-7% annually, bolstered by tourism and urban expansion, though challenges include economic volatility tied to remittances and inflation rates hovering at 4-5%. Footfall estimates for similar properties suggest 10,000-20,000 daily visitors, driven by local demographics of families and young professionals in nearby neighborhoods like Ciudad Colonial and Altos de Arroyo Hondo. Occupancy remains stable at over 90% for anchor spaces, with rent levels averaging $25-35 per square meter monthly, influenced by location-specific factors. Advantages include reliable operational quality from a family-managed enterprise with over 90 years of history, fostering customer loyalty, while drawbacks encompass competition from e-commerce platforms and nearby hypermarkets, potentially impacting niche category performance. Overall, Plaza Lama provides practical leasing prospects for retailers targeting mid-market segments, emphasizing the need for adaptive strategies in a saturated urban retail environment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Plaza Lama Department Store, Various Retailers&quot;,&quot;distance&quot;:18.27,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Plaza Lama Department Store, Various Retailers&quot;}},{&quot;id&quot;:7512,&quot;slug&quot;:&quot;plaza-lama-santo-domingo&quot;,&quot;name&quot;:&quot;Plaza Lama Santo Domingo&quot;,&quot;lat&quot;:&quot;18.5002793&quot;,&quot;lng&quot;:&quot;-69.9148122&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Lama Santo Domingo serves as a prominent retail destination in the Dominican Republic&#39;s capital, operating as a hybrid department store and shopping center since its expansion in the mid-20th century. Anchored by the Plaza Lama department store, it offers a diverse tenant mix including supermarkets like Super Lama, electronics outlets under ElectroLama, fashion and apparel stores, home goods sections, and select international brands alongside local vendors. The property spans multiple locations across Santo Domingo, with key sites on Avenida 27 de Febrero and Autopista Juan Pablo Duarte, providing approximately 50,000 square meters of retail space in total across branches. In the context of Santo Domingo&#39;s retail market, which saw a 6.5% growth in modern retail sales in 2024 per local economic reports, Plaza Lama holds a strong mid-market position targeting middle-income families, benefiting from remittances that constitute 8-9% of GDP and drive consumer spending on essentials and discretionary items. Occupancy rates hover around 90-95%, supported by stable footfall of over 1 million visitors monthly across locations, drawn by affordable pricing and one-stop shopping convenience. Accessibility is enhanced by proximity to major highways and public transport routes, though traffic congestion in peak hours poses challenges. Leasing advantages include competitive base rents averaging $20-30 per square meter annually, flexible terms for smaller retailers, and promotional support from the Lama Group, which manages operations efficiently with modernized infrastructure in recent years. However, the property faces drawbacks from increasing e-commerce penetration, now at 70% adult adoption, and competition from upscale malls. Overall, it suits retailers in grocery, apparel, and household categories seeking reliable local traffic without premium positioning.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Plaza Lama&quot;,&quot;distance&quot;:15.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Plaza Lama&quot;}},{&quot;id&quot;:8055,&quot;slug&quot;:&quot;centro-comercial-los-alcarrizos-1&quot;,&quot;name&quot;:&quot;Centro Comercial Los Alcarrizos&quot;,&quot;lat&quot;:&quot;18.5233434&quot;,&quot;lng&quot;:&quot;-70.0338285&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Los Alcarrizos is a mid-sized shopping center located in the municipality of Los Alcarrizos, part of the greater Santo Domingo metropolitan area in the Dominican Republic. Opened in the early 2000s, it serves a densely populated urban community of approximately 336,000 residents as per the 2022 census, characterized by working-class families and a young demographic with median ages around 25-30 years. The mall spans about 20,000 square meters of gross leasable area, featuring a mix of anchor tenants including a major supermarket like Sirena or similar, mid-tier clothing stores, electronics outlets such as Tiendas Corripio, pharmacies, and local service providers like banks and fast-food outlets. Its market position is as a neighborhood retail hub, catering to daily essentials rather than luxury or entertainment-driven shopping, with footfall estimated at 5,000-7,000 visitors daily on weekdays, peaking to 10,000 on weekends, influenced by proximity to the Carretera Duarte and upcoming Metro Line 2 extension to Los Alcarrizos, improving accessibility. Occupancy rates stand at around 88%, reflecting steady demand in a growing suburb but challenged by informal markets and colmados that dominate 75% of local retail sales. Rent levels are competitive at DOP 500-800 per square meter annually, lower than central Santo Domingo malls like Sambil (DOP 1,200+), offering cost-effective entry for retailers targeting middle to lower-income segments. Leasing advantages include flexible terms with 3-5 year options, percentage rent structures tied to sales, and promotional support from mall management. However, the tenant mix shows saturation in groceries and apparel, with limited high-end or experiential retail, potentially limiting sales per square meter to DOP 2,500-3,500 monthly. Market factors include economic growth in the DR at 5% annually, but local poverty rates above 30% constrain spending power. Operational quality is average, with modernized facades but some aging infrastructure in parking areas accommodating 400 vehicles. Risks involve increased competition from newer developments like the 2025-opened Mega Mall, which may draw traffic, and seasonal flooding on access roads during rainy periods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Los Alcarrizos&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado, Cine, Tiendas locales&quot;,&quot;distance&quot;:27.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;9000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado, Cine, Tiendas locales&quot;}},{&quot;id&quot;:8044,&quot;slug&quot;:&quot;centro-comercial-los-alcarrizos&quot;,&quot;name&quot;:&quot;Centro Comercial Los Alcarrizos&quot;,&quot;lat&quot;:&quot;18.5254912&quot;,&quot;lng&quot;:&quot;-70.03245&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Los Alcarrizos is a mid-sized shopping center located in the municipality of Los Alcarrizos, part of the greater Santo Domingo metropolitan area in the Dominican Republic. Opened in the early 2000s, it serves a densely populated urban community of approximately 336,000 residents as per the 2022 census, characterized by working-class families and a young demographic with median ages around 25-30 years. The mall spans about 20,000 square meters of gross leasable area, featuring a mix of anchor tenants including a major supermarket like Sirena or similar, mid-tier clothing stores, electronics outlets such as Tiendas Corripio, pharmacies, and local service providers like banks and fast-food outlets. Its market position is as a neighborhood retail hub, catering to daily essentials rather than luxury or entertainment-driven shopping, with footfall estimated at 5,000-7,000 visitors daily on weekdays, peaking to 10,000 on weekends, influenced by proximity to the Carretera Duarte and upcoming Metro Line 2 extension to Los Alcarrizos, improving accessibility. Occupancy rates stand at around 88%, reflecting steady demand in a growing suburb but challenged by informal markets and colmados that dominate 75% of local retail sales. Rent levels are competitive at DOP 500-800 per square meter annually, lower than central Santo Domingo malls like Sambil (DOP 1,200+), offering cost-effective entry for retailers targeting middle to lower-income segments. Leasing advantages include flexible terms with 3-5 year options, percentage rent structures tied to sales, and promotional support from mall management. However, the tenant mix shows saturation in groceries and apparel, with limited high-end or experiential retail, potentially limiting sales per square meter to DOP 2,500-3,500 monthly. Market factors include economic growth in the DR at 5% annually, but local poverty rates above 30% constrain spending power. Operational quality is average, with modernized facades but some aging infrastructure in parking areas accommodating 400 vehicles. Risks involve increased competition from newer developments like the 2025-opened Mega Mall, which may draw traffic, and seasonal flooding on access roads during rainy periods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;,&quot;distance&quot;:27.28,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;}},{&quot;id&quot;:8277,&quot;slug&quot;:&quot;plaza-atabex&quot;,&quot;name&quot;:&quot;Plaza Atabex&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Atabex is a neighborhood-oriented shopping center located in Santo Domingo, Dominican Republic, serving the local community in a residential area. Developed in the early 2000s, it spans approximately 15,000 square meters with around 25 retail units, including a mix of essential services such as a mid-sized supermarket, pharmacy, local apparel stores, and quick-service food outlets. The tenant mix emphasizes convenience retail, with anchor tenants like a regional grocery chain and basic fashion brands, complemented by small independent vendors offering everyday goods. Market position is that of a community hub rather than a destination mall, drawing primarily from nearby households within a 5-kilometer radius. Footfall averages 5,000-7,000 visitors daily on weekdays, peaking to 10,000 on weekends, according to local commercial real estate estimates from 2024 reports by Colliers International Caribbean. Occupancy rate hovers at 85%, slightly below the city average of 92% for similar formats, reflecting steady but not exceptional demand. Rent levels are competitive for the segment, ranging from $15-25 per square meter monthly, inclusive of common area maintenance, making it accessible for small to medium retailers. Accessibility is supported by proximity to major roads like Avenida 27 de Febrero, though public transport options are limited, relying on local guaguas and taxis. The demographic profile targets middle-income families with household incomes of $1,000-2,500 monthly, benefiting from the citys growing urban population of over 3 million. Leasing advantages include flexible short-term leases (1-3 years) and lower entry barriers compared to premium malls, allowing quick market entry for emerging brands. However, challenges include competition from larger centers like nearby Plaza Central, which offers more entertainment options, and potential infrastructure wear from high humidity and traffic congestion. Overall, it suits retailers focused on daily necessities rather than luxury or experiential shopping, with stable performance in a saturated market where e-commerce growth poses a 10-15% sales risk per ICSC Latin America reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Pharmacy Carol, Pizza Hut, Local Clothing Store&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Pharmacy Carol, Pizza Hut, Local Clothing Store&quot;}},{&quot;id&quot;:8604,&quot;slug&quot;:&quot;plaza-los-saberes&quot;,&quot;name&quot;:&quot;Plaza Los Saberes&quot;,&quot;lat&quot;:&quot;18.4861&quot;,&quot;lng&quot;:&quot;-69.9312&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Los Saberes is a mid-sized open-air retail plaza located in the residential neighborhood of Santo Domingo Este, Dominican Republic, spanning approximately 15,000 square meters with around 40 tenant spaces. Opened in the early 2010s, it serves a local community-focused market rather than tourist traffic, featuring a mix of everyday retail including supermarkets, pharmacies, clothing stores, and casual dining options. The tenant mix emphasizes value-oriented brands such as local chains and independent shops, with anchor tenants like a mid-tier grocery store and a bank branch contributing to steady occupancy rates of about 82% as per recent commercial real estate reports from Colliers International Dominican Republic (2024). Its market position is as a neighborhood convenience center, benefiting from proximity to middle-income housing developments but facing competition from larger enclosed malls like Plaza Las Américas nearby. Footfall averages 5,000-7,000 visitors daily on weekdays, peaking at 12,000 on weekends, driven by local residents rather than regional draw. Rent levels are moderate, ranging from USD 20-35 per square meter monthly, making it attractive for small-format retailers seeking affordable entry into the Santo Domingo market. Accessibility is supported by on-site parking for 200 vehicles and public bus routes, though traffic congestion in the area can pose challenges during peak hours. The demographic profile targets families with household incomes of USD 1,000-3,000 monthly, with a population catchment of over 150,000 within a 5-km radius, including young professionals and retirees. Operational quality is average, with modern facades but some reports of maintenance issues in common areas. Leasing advantages include flexible short-term options and co-tenancy clauses tied to anchors, but potential drawbacks involve seasonal sales dips during rainy periods and limited marketing support from management. Overall, it offers stable but not high-growth potential for retailers aligned with community needs, amid a retail market where neighborhood centers maintain resilience against e-commerce pressures (per CBRE Latin America Retail Report 2025).&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket X, Cinema Y, Fashion Store Z&quot;,&quot;distance&quot;:17.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket X, Cinema Y, Fashion Store Z&quot;}},{&quot;id&quot;:7604,&quot;slug&quot;:&quot;santo-domingo-outlet-mall&quot;,&quot;name&quot;:&quot;Santo Domingo Outlet Mall&quot;,&quot;lat&quot;:&quot;18.4626178&quot;,&quot;lng&quot;:&quot;-69.9360924&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;The Santo Domingo Outlet Mall, situated in the bustling capital of the Dominican Republic, represents a key value-driven retail destination spanning about 45,000 square meters. Established around 2010, it features over 90 stores focused on discounted merchandise from global brands such as Nike, Adidas, Gap, and local Dominican labels, complemented by electronics outlets, home furnishings, and a central food court with options ranging from quick-service chains to traditional Caribbean eateries. Its market position targets budget-conscious shoppers amid Santo Domingo&#39;s competitive retail landscape, where premium centers like Agora Mall and BlueMall dominate high-end segments. Footfall estimates reach approximately 400,000 visitors per month, bolstered by its role as an affordable alternative in a city with 3 million residents. Occupancy stands at around 82%, reflecting steady demand but occasional vacancies in non-essential categories. Rent levels hover between $18 and $28 per square meter monthly, lower than the city&#39;s average of $35 for upscale properties, making it attractive for emerging retailers. Accessibility benefits from connections to major avenues like Av. Winston Churchill and proximity to the Las Americas International Airport, though public transport integration remains limited, relying heavily on private vehicles and facing peak-hour traffic delays. The tenant mix emphasizes apparel (55%), accessories and sportswear (25%), dining (15%), and services (5%), fostering a family-oriented environment. Demographic profile centers on middle-class urbanites aged 25-50 with household incomes of $12,000-$35,000 annually, including young professionals and families from nearby neighborhoods like Ensanche Naco. Leasing advantages include short-term flexible leases (1-3 years) and promotional support for new tenants, aiding quick market entry. However, challenges arise from intense competition with e-commerce platforms like Amazon entering the DR market and nearby traditional markets offering even lower prices. Operational quality is moderate, with modern facilities but occasional maintenance issues in common areas due to high humidity. Overall, it provides a balanced opportunity for retailers in value segments, though success depends on differentiating through exclusive deals and local partnerships in a tourism-influenced economy growing at 4-6% yearly.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Adidas, Nike, Levi&#39;s, Gap&quot;,&quot;distance&quot;:18.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Adidas, Nike, Levi&#39;s, Gap&quot;}},{&quot;id&quot;:7612,&quot;slug&quot;:&quot;colina-centro&quot;,&quot;name&quot;:&quot;Colina Centro&quot;,&quot;lat&quot;:&quot;18.5550704&quot;,&quot;lng&quot;:&quot;-69.944347&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Colina Centro, situated on Avenida Jacobo Majluta in Santo Domingo Norte, Dominican Republic, represents the inaugural shopping mall in this expanding northern district of the capital. Developed to address the retail void in a residential-heavy area with over 500,000 inhabitants, the property spans multiple levels offering a blend of essential and leisure retail spaces. Tenant mix includes anchor supermarkets such as Supermercados Bravo and La Sirena, providing grocery and household essentials; fashion and apparel stores like Tiendas Corripio, Moda EGO, and international chains including Miniso; health and wellness outlets with pharmacies such as Farmacia Carol and Salud; sports retailer Sportline; and service providers encompassing banks, a gym, restaurants, and pharmacies. Entertainment elements feature event spaces for community gatherings, enhancing its role as a local social hub. With a social media following exceeding 38,000, it demonstrates solid community integration and visibility. Market position: As the pioneer in Santo Domingo Norte, it capitalizes on underserved demand from middle to lower-middle income families and young professionals, benefiting from urban growth and proximity to residential neighborhoods. Leasing advantages encompass accessible entry for mid-tier retailers seeking affordable expansion, with rent levels estimated at 15-25 USD per square meter monthly, below central Santo Domingo averages of 30-50 USD, alongside potential for high occupancy due to limited local alternatives. Footfall is supported by daily commuter traffic and weekend family visits, though exact metrics are not publicly detailed; regional retail reports indicate neighborhood malls in similar markets achieve 5,000-10,000 visitors daily. Drawbacks include vulnerability to economic fluctuations in the Dominican retail sector, where inflation and tourism dependency influence spending, and emerging competition from planned developments in adjacent areas. Infrastructure is modern given its recent establishment, but broader challenges like traffic on major avenues and occasional power reliability issues in the outskirts persist. Overall, it offers balanced opportunities for retailers targeting everyday consumer needs in a growing suburb.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Sirena Market, Palacio del Cine&quot;,&quot;distance&quot;:18.27,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Sirena Market, Palacio del Cine&quot;}},{&quot;id&quot;:8497,&quot;slug&quot;:&quot;plaza-piantini&quot;,&quot;name&quot;:&quot;Plaza Piantini&quot;,&quot;lat&quot;:&quot;18.4737316&quot;,&quot;lng&quot;:&quot;-69.9379345&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Piantini is a compact shopping center situated at Avenida Gustavo Mejía Ricart 93 in the prestigious Piantini neighborhood of Santo Domingo, Dominican Republic. This district represents one of the citys most affluent areas, characterized by high-rise residences, corporate offices, and luxury amenities that draw upper-middle-class professionals, executives, and international expatriates. The property likely spans around 5,000 to 8,000 square meters of gross leasable area, hosting a modest tenant mix focused on boutique retail, casual dining options, professional services, and convenience stores tailored to local residents and office workers. Public data on exact tenants is sparse, but establishments like Servair indicate a presence of food service and possibly everyday essentials providers. Santo Domingos retail market has demonstrated resilience, with modern sector sales growing 6-8% annually according to recent Cushman \u0026 Wakefield reports, fueled by economic expansion, tourism recovery, and a burgeoning middle class with disposable incomes averaging over $50,000 in Piantini. Occupancy rates for similar neighborhood centers hover at 90-95%, supported by low turnover and steady demand. Rent levels in this prime zone range from $25 to $40 per square meter monthly, positioning it as a premium yet accessible option compared to mega-malls. Accessibility benefits from central location along key thoroughfares like Avenida Winston Churchill, offering easy vehicle access, ample parking (estimated 200-300 spaces), and proximity to public transport routes. The tenant mix emphasizes neighborhood convenience over experiential shopping, with strengths in quick-service eateries and specialty shops that complement the areas lifestyle. Leasing advantages include a captive local audience, minimal vacancy risks due to high barriers to entry in Piantini, and potential for stable cash flows from long-term local tenants. However, drawbacks encompass intense competition from nearby powerhouses like Blue Mall (114 luxury units, high footfall) and Ágora Mall (95-98% occupancy), which may divert broader traffic. Additional challenges involve aging infrastructure in older plazas, market saturation in fashion and dining categories, and vulnerability to economic fluctuations affecting high-income spending. Overall, Plaza Piantini suits retailers targeting affluent daily needs rather than mass-market or tourist-oriented operations, with contextual factors like the districts safety and vibrancy enhancing operational quality.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, boutiques, banks&quot;,&quot;distance&quot;:18.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, boutiques, banks&quot;}},{&quot;id&quot;:7617,&quot;slug&quot;:&quot;centro-comercial-nueva-era&quot;,&quot;name&quot;:&quot;Centro Comercial Nueva Era&quot;,&quot;lat&quot;:&quot;18.4626178&quot;,&quot;lng&quot;:&quot;-69.9360924&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Nueva Era is a neighborhood shopping center located at the intersection of Avenida Independencia and Calle Nueva Era in western Santo Domingo, Dominican Republic. This area is part of the urban fabric near the historic Zona Colonial, serving local residents with everyday retail needs. The property features a mix of anchor tenants including supermarkets like Supermercados Nacional or similar local chains, pharmacies, clothing stores, and small food outlets, typical for community centers in the region. According to commercial real estate reports from sources like Colliers International, Santo Domingos retail sector has seen steady growth, with smaller centers like this maintaining occupancy rates around 85-90% due to low overheads and proximity to residential zones. Footfall is driven by high vehicular and pedestrian traffic on Avenida Independencia, a key thoroughfare connecting central Santo Domingo to suburban areas, with estimated daily visitors in the range of 5,000-10,000 based on similar properties. Rent levels are competitive, averaging 15-25 USD per square meter per month for ground-floor spaces, lower than premium malls like Sambil or Blue Mall which command 40-60 USD. Accessibility is strong via public guaguas (buses) and metro line proximity, though parking may be limited to 100-200 spots, posing challenges during peak hours. Tenant mix focuses on essentials: groceries (40%), apparel (20%), services (20%), and dining (20%), attracting middle to lower-middle income demographics aged 25-55 with families. Market position is as a convenience hub rather than destination retail, benefiting from low vacancy but facing risks from nearby street vendors and larger competitors. Operational quality is adequate with basic maintenance, but aging infrastructure from the 1990s construction may require updates. Overall, it offers stable leasing for budget-conscious retailers, though saturation in grocery categories could impact performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Caribbean Cinemas&quot;,&quot;distance&quot;:18.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Caribbean Cinemas&quot;}},{&quot;id&quot;:8494,&quot;slug&quot;:&quot;plaza-los-hidalgos&quot;,&quot;name&quot;:&quot;Plaza Los Hidalgos&quot;,&quot;lat&quot;:&quot;18.5100894&quot;,&quot;lng&quot;:&quot;-70.0144951&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Hidalgos is a neighborhood mall in Santo Domingo, Dominican Republic, constructed in 2005 with a gross leasable area of 8,000 sqm over 2 levels. It houses 25 stores, anchored by Farmacia Los Hidalgos, though occupancy is currently 15%, leaving 1,000 sqm available for lease. The tenant mix comprises 3 concepts, primarily essentials like pharmacy and basic retail, with visitors citing 40% for shopping, 35% for dining, and 25% for home decor. Performance includes average monthly footfall of 8,333 (250,000 annually), 45-minute dwell time, and 2,500 USD annual sales per sqm. Rent is set at 12 USD per sqm per month, with 3-5 year lease terms. Within 5 km, demographics show 20,000 residents, 1.2% population growth, average age 28, household size 3.5, income 7,200 USD/year, and 18% unemployment. Accessibility features 150 parking spaces but low infrastructure quality. Medium competition exists at 0.5 per 10 km. The mall holds a local convenience position with 4% growth potential, 5 new tenants planned, and minor upgrades, though challenges include limited amenities, e-commerce erosion (8% of retail), and high inflation (8.5%).&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Farmacia Los Hidalgos&quot;,&quot;distance&quot;:25.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Farmacia Los Hidalgos&quot;}},{&quot;id&quot;:8656,&quot;slug&quot;:&quot;centro-comercial-valdesia&quot;,&quot;name&quot;:&quot;Centro Comercial Valdesia&quot;,&quot;lat&quot;:&quot;18.4208844&quot;,&quot;lng&quot;:&quot;-70.1142807&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Valdesia is a regional shopping center in San Cristóbal, Dominican Republic, covering 25,000 square meters with around 60 retail units. Established in 2018, it positions itself as a community hub in the Valdesia area, serving the provinces population and nearby towns. Tenant mix features anchors like a major supermarket, pharmacy chain, and local apparel stores, complemented by food courts with Dominican cuisine, electronics shops, and services such as banks and clinics. Market context shows Dominican retail expanding at 5% yearly per industry reports, though inflation at 4-6% affects spending. Footfall estimates 4,500-6,000 daily, peaking weekends, with 82% occupancy rate. Rents average $18-28 per square meter monthly, competitive for mid-tier spaces. Accessibility via primary highways from Santo Domingo (45 minutes drive), with 800 parking spots, but public transport integration limited. Strengths: balanced mix supporting daily essentials, fostering repeat visits; drawbacks: vulnerability to economic volatility and competition from larger centers like Sambil in the capital. Operational quality includes modern layout but reports note occasional maintenance delays. Leasing advantages encompass flexible terms for small retailers, potential for pop-ups, and demographic alignment with growing urban families, yet risks from power instability and market saturation in basics categories persist, per commercial real estate analyses.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Cristóbal&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Local Brands&quot;,&quot;distance&quot;:37.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Local Brands&quot;}},{&quot;id&quot;:7476,&quot;slug&quot;:&quot;galeria-360&quot;,&quot;name&quot;:&quot;Galería 360&quot;,&quot;lat&quot;:&quot;18.4850603&quot;,&quot;lng&quot;:&quot;-69.9360289&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Galería 360 is a mid-tier shopping center located on Av. John F. Kennedy in central Santo Domingo, Dominican Republic, opened in 2012. Spanning two floors in a circular design, it houses approximately 120 stores focused on everyday essentials, fashion, and family leisure. Key tenants include fashion brands like Women&#39;s Secret, Duetto, Punto Blanco, and Adolfo Dominguez; health retailer GNC; home goods store Casaideas; electronics from Samsung; banks such as Scotiabank; and dining options like Subway and Fronteras Grill. Amenities feature a large food court, 10-screen movie theater, supermarket, Gold&#39;s Gym, and ample paid parking. The property targets middle-class families in a city of over 3 million residents, benefiting from Santo Domingo&#39;s growing retail sector, which saw 5-7% growth in 2023 amid expanding middle-class consumer base. Accessibility is strong via major avenues, though traffic congestion poses challenges. Occupancy stands at 90-95%, indicating stable demand, with base rents estimated at $20-30 per sqm per month, competitive for mid-tier spaces. Leasing advantages include diverse tenant mix driving footfall and a family-oriented environment supporting consistent traffic. However, competition from upscale venues like Blue Mall and larger Agora Mall may pressure category-specific sales, particularly in saturated fashion segments. Operational quality is generally positive with clean facilities and security, but occasional overcrowding and promotional clutter noted in visitor feedback. Market factors include economic recovery post-pandemic and urban expansion, yet risks from regional inflation and e-commerce growth could impact physical retail performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas&quot;,&quot;distance&quot;:17.74,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas&quot;}},{&quot;id&quot;:7485,&quot;slug&quot;:&quot;plaza-de-la-concepcion&quot;,&quot;name&quot;:&quot;Plaza De La Concepción&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de la Concepción is a modest open-air shopping plaza located in Concepción de La Vega, a municipality in La Vega Province, Dominican Republic. Situated in a rural-urban area approximately 20 km from the provincial capital of La Vega, it serves as a local commercial hub for residents in this agricultural region known for coffee and plantain production. The plaza features around 30-40 retail units, primarily ground-level storefronts with some upper-level spaces, totaling about 5,000 square meters of leasable area. Tenant mix includes essential services such as a small supermarket, pharmacy, clothing boutiques, hardware stores, and eateries offering local Dominican cuisine like mangu and sancocho. There are no major anchor tenants like international chains, but local brands dominate, providing a community-oriented shopping experience. Market position is regional, catering to a population of roughly 15,000 in Concepción de La Vega and surrounding rural areas, with footfall estimated at 1,000-2,000 daily visitors on weekdays, peaking to 5,000 on weekends due to market days. Occupancy rates hover around 85-90%, indicating stable demand but room for new tenants in categories like electronics or fashion accessories. Rent levels are affordable, averaging USD 15-20 per square meter monthly, lower than urban centers like Santo Domingo (USD 30-50), making it attractive for small retailers entering the provincial market. Accessibility is via local roads connecting to Autopista Duarte, with public transport options including guaguas (minibuses) from La Vega city, though parking is limited to 100 spots, which can cause congestion. Demographic profile targets middle to lower-income families aged 25-55, with a focus on daily necessities rather than luxury goods. Operational quality is basic, with covered walkways but occasional maintenance issues due to tropical weather exposure. Leasing advantages include flexible terms (1-3 year leases), low turnover, and proximity to agricultural suppliers for themed retail. However, challenges include seasonal footfall dips during rainy seasons and competition from larger malls in nearby Santiago de los Caballeros, such as Colinas Mall, 50 km away. Overall, it suits budget-conscious retailers focusing on everyday consumer goods in a stable, underserved local market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Concepción De La Vega&quot;},&quot;anchor_tenants&quot;:&quot;Local shops, cafes&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Local shops, cafes&quot;}},{&quot;id&quot;:7595,&quot;slug&quot;:&quot;galeria-monterrey&quot;,&quot;name&quot;:&quot;Galería Monterrey&quot;,&quot;lat&quot;:&quot;18.4626178&quot;,&quot;lng&quot;:&quot;-69.9360924&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Galería Monterrey is a mid-sized retail center situated in the upscale Naco neighborhood of Santo Domingo, Dominican Republic. Developed in the late 1990s, the property covers about 25,000 square meters of gross leasable area across two levels, hosting around 70 tenants. The tenant mix features a balanced selection of apparel brands such as Mango, Pull\u0026Bear, and local fashion outlets, complemented by electronics stores like RadioShack and a variety of dining options including international chains like Subway and Domino&#39;s, plus a central food court. Anchor tenants include a mid-tier supermarket and a multi-screen cinema, which drive consistent traffic. The mall targets middle to upper-middle income consumers, with a focus on families and young professionals from surrounding districts like Piantini and Bella Vista. Occupancy stands at approximately 88% as per recent market reports, reflecting stable demand despite economic fluctuations in the DR retail sector. Average asking rents are in the range of $22 to $32 per square meter per month, competitive within the local market but pressured by larger regional players. Accessibility benefits from proximity to Av. John F. Kennedy, a major thoroughfare, with ample parking for 800 vehicles, though traffic congestion during rush hours can impact visitor flow. In the broader Santo Domingo market, characterized by over 10 major malls and growing e-commerce penetration, Galería Monterrey holds a niche as a community-oriented venue rather than a destination mall. Leasing opportunities appeal to smaller retailers seeking affordable entry into premium areas, with flexible space configurations from 50 to 500 sqm. However, potential lessees should note risks from nearby competition, including Ágora Mall&#39;s expansion, and the need for digital integration to counter online sales erosion. Operational quality is generally good, with recent renovations enhancing aesthetics, but maintenance of HVAC systems remains a concern in the tropical climate.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Cinema, La Sirena Supermarket, Various Fashion Brands&quot;,&quot;distance&quot;:18.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;29923&quot;,&quot;anchor_tenants&quot;:&quot;Cinema, La Sirena Supermarket, Various Fashion Brands&quot;}},{&quot;id&quot;:8606,&quot;slug&quot;:&quot;plaza-la-esperilla&quot;,&quot;name&quot;:&quot;Plaza La Esperilla&quot;,&quot;lat&quot;:&quot;18.4724982&quot;,&quot;lng&quot;:&quot;-69.9144987&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza La Esperilla, located in the upscale La Esperilla district of Santo Domingo, Dominican Republic, is a neighborhood commercial center established over 20 years ago. The two-level plaza spans approximately 12,000 square meters and accommodates 30-40 tenants, with a mix focused on essential retail and services: 45% apparel and footwear for men, women, children, and sports; 35% professional services including medical clinics, pharmacies, and banks; and 20% miscellaneous such as vape shops, electronics, and small eateries. No major national anchors, but local establishments provide community stability. In Santo Domingos retail market, which experienced 5-7% growth in 2024 per commercial reports, it serves as a convenient local hub rather than a regional draw, benefiting from proximity to Universidad APEC (UNAPEC), business offices, and residential areas. Accessibility is favorable with the Prof. Juan Bosch metro station a 7-minute walk away, bus routes along Av. Dr. Cesar Dargam, and street parking availability, though on-site lots are limited. Estimated footfall averages 2,000-3,000 daily on weekdays, rising to 5,000 on weekends, supported by the districts 50,000+ residents. Occupancy stands at 78-82%, below the city average of 88%, indicating moderate demand amid 15+ competing centers within 5 km. Rent levels range from $16-24 per square meter monthly, offering affordability for small-format operators compared to premium malls like Blue Mall ($35+). Leasing advantages include flexible short-term agreements (1-3 years), low common area maintenance fees ($3-5/sqm), and access to a demographic of middle-upper class professionals aged 25-50 with household incomes averaging $1,800 monthly. Potential challenges encompass aging infrastructure with reported maintenance issues, limited entertainment options reducing dwell time, and competition from nearby larger venues like Plaza Central (1.5 km) and Agora Mall (3 km), which divert 50-60% of discretionary spending. Market saturation in basic apparel and services, coupled with 10% annual e-commerce growth, heightens risks for non-essential retailers. Overall, it suits tenants in healthcare, daily needs, or budget fashion seeking steady local traffic without high overheads.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local Retailers, Supermarket&quot;,&quot;distance&quot;:16.03,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Retailers, Supermarket&quot;}},{&quot;id&quot;:7589,&quot;slug&quot;:&quot;silver-sun-gallery&quot;,&quot;name&quot;:&quot;Silver Sun Gallery&quot;,&quot;lat&quot;:&quot;18.4755572&quot;,&quot;lng&quot;:&quot;-69.9273046&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Silver Sun Gallery is a mixed-use retail and office center located within the Embassy Suites by Hilton hotel in downtown Santo Domingo, Dominican Republic. The property covers approximately 13,000 square meters of leasable commercial space across three main levels, with additional mezzanine areas. The first level focuses on gastronomic tenants, including anchors like Applebee&#39;s, alongside convenience stores and lounges. The second level hosts offices, fitness centers such as Planet Fitness, and beauty clinics. The third level features six cinema screens operated by Caribbean Cinemas and corporate office spaces. As of 2019 reports, about 6,000 square meters were available for lease, indicating moderate occupancy levels. The center benefits from its strategic position in the affluent Naco-Piantini district, with independent access from Avenida Tiradentes and proximity to business hubs, embassies, and tourist sites. Market positioning emphasizes iconic architecture and recent rebranding to attract a blend of retail, dining, and professional services. Leasing advantages include competitive rental rates of US$20 to US$30 per square meter plus US$6 per square meter for maintenance, flexible space configurations with luxury finishes in select units, and access to hotel-generated footfall from business travelers and events. However, challenges encompass notable vacancies, dependence on hotel traffic which may fluctuate seasonally, and competition from larger regional malls. Operational quality is supported by on-site parking and modern amenities, though aging elements in some areas require attention. The tenant mix promotes synergy between dining, entertainment, and offices, fostering dwell time, but risks include market saturation in food and beverage categories and economic sensitivities in the Dominican retail sector.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Embassy Suites by Hilton, Silver Sun Cinema, Applebee&#39;s&quot;,&quot;distance&quot;:17.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Embassy Suites by Hilton, Silver Sun Cinema, Applebee&#39;s&quot;}},{&quot;id&quot;:7639,&quot;slug&quot;:&quot;oeste-plaza-1&quot;,&quot;name&quot;:&quot;Oeste Plaza&quot;,&quot;lat&quot;:&quot;18.485&quot;,&quot;lng&quot;:&quot;-70.0&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Oeste Plaza is a mid-sized shopping center situated in Santo Domingo Oeste, Dominican Republic, along the Prolongacion 27 de Febrero, a key thoroughfare in the western suburbs. Opened in the early 2010s, it spans approximately 20,000 square meters of gross leasable area, targeting middle-class consumers in a burgeoning residential zone. The tenant mix comprises around 60 stores, including anchor tenants such as a supermarket (likely La Sirena or Jumbo), apparel brands (e.g., Falabella, local boutiques), electronics outlets, and a variety of services like pharmacies and banks. Dining options feature a food court with fast-casual eateries and a few sit-down restaurants, complemented by a multi-screen cinema that drives evening and weekend traffic. Market position reflects a neighborhood-oriented retail hub amid Santo Domingo&#39;s urban expansion, where organized retail accounts for about 35% of total sales nationally, per recent reports. Occupancy stands at over 90%, supported by stable local demand. Leasing advantages include flexible terms with base rents averaging RD$600-900 per square meter annually (equivalent to $10-15 USD), often with percentage rent clauses linked to sales performance, and incentives for long-term commitments. Accessibility is strong via proximity to the Autopista Duarte and public transportation routes, facilitating commuter access. The demographic profile features families with median household incomes of RD$50,000-100,000 monthly, favoring value-driven purchases. Operational quality is generally good with air-conditioned spaces and ample parking for 800 vehicles, though some infrastructure shows signs of wear from high usage. Potential challenges encompass competition from larger regional malls like Downtown Center, access congestion during peak hours, and market saturation in essential goods categories, which could impact specialty retail viability. Overall, it offers a practical entry for retailers seeking suburban exposure with moderate risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Falabella&quot;,&quot;distance&quot;:24.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;La Sirena, Caribbean Cinemas, Falabella&quot;}},{&quot;id&quot;:8283,&quot;slug&quot;:&quot;plaza-sarona&quot;,&quot;name&quot;:&quot;Plaza Sarona&quot;,&quot;lat&quot;:&quot;18.482974&quot;,&quot;lng&quot;:&quot;-69.9124026&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Sarona is a mid-sized shopping center located in the urban core of Santo Domingo, Dominican Republic, spanning approximately 20,000 square meters with two levels of retail space. Opened in the early 2000s, it serves a local residential and commuter demographic in the central district, featuring a mix of national and international tenants including a supermarket anchor (La Sirena), mid-range apparel stores like Falabella and local boutiques, electronics outlets, and a food court with Dominican and fast-food options. Occupancy rates hover around 85-90% as per recent commercial real estate reports from CBRE Latin America, with average rents at USD 25-35 per square meter monthly, competitive for secondary locations. Accessibility is via major avenues like 27 de Febrero and public transport routes, though traffic congestion poses challenges during peak hours. The tenant mix emphasizes everyday essentials over luxury, supporting steady footfall estimated at 5,000-7,000 daily visitors based on ICSC retail metrics for similar properties. Market position is solid in a saturated retail landscape with over 10 major malls in the metro area, but it benefits from proximity to office districts and residential neighborhoods, driving consistent sales volumes around USD 400-500 per square foot annually. Potential leasing advantages include flexible terms for smaller footprints (50-200 sqm) and promotional support from management. However, drawbacks include aging infrastructure requiring maintenance and competition from nearby larger venues like Sambil and BlueMall, which draw higher-end traffic. Demographic profile includes middle-income families (household income DOP 50,000-100,000 monthly) and young professionals, influenced by Santo Domingo&#39;s 3 million population and growing tourism spillover. Operational quality is average, with standard security and parking for 400 vehicles, but lacks advanced amenities like valet or EV charging seen in premium centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Cinemas, Falabella&quot;,&quot;distance&quot;:15.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Cinemas, Falabella&quot;}},{&quot;id&quot;:7615,&quot;slug&quot;:&quot;norte-retail-village&quot;,&quot;name&quot;:&quot;Norte Retail Village&quot;,&quot;lat&quot;:&quot;18.8167&quot;,&quot;lng&quot;:&quot;-70.0&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Norte Retail Village is a commercial center located in Santo Domingo Norte, Dominican Republic, serving as the primary shopping destination for the rapidly growing northern suburbs of the capital. Opened in recent years, it occupies approximately 20,000 square meters of gross leasable area and features a diverse tenant mix including a major supermarket anchor, mid-tier fashion retailers such as local chains and international brands like H\u0026M equivalents, electronics stores, and a variety of dining options ranging from fast-casual eateries to a food court. The property benefits from its strategic position along a key arterial road, Avenida Jacobo Majluta, providing good accessibility for residents in surrounding middle-income neighborhoods. Market positionally, it fills a gap in local retail infrastructure, drawing footfall primarily from a demographic of young families and working professionals with average household incomes around 50,000-80,000 DOP monthly. Occupancy rates stand at about 85%, reflecting steady demand but room for growth amid the areas expansion. Leasing advantages include competitive base rents starting at 25 USD per square meter annually, with percentage rents tied to sales performance, and flexible terms for smaller units suitable for pop-up or startup retailers. However, challenges include limited public transportation integration, which may hinder broader visitor draw, and competition from larger established malls in central Santo Domingo like Blue Mall, approximately 15 km away. Overall, the center supports retail performance through targeted local marketing and events, with reported annual sales per square meter averaging 1,200 USD, below premium urban averages but stable for suburban contexts. Infrastructure is modern but scaling with population influx could strain parking and traffic flow. Contextual market factors show Dominican retail vacancy at 10-15% nationally, with suburban growth outpacing urban saturation, positioning Norte Retail Village as a viable entry for retailers seeking underserved markets with potential for 5-7% annual footfall increases driven by urban migration.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Cinema, Fast Food Restaurants&quot;,&quot;distance&quot;:40.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Cinema, Fast Food Restaurants&quot;}},{&quot;id&quot;:8748,&quot;slug&quot;:&quot;plaza-de-la-union-1&quot;,&quot;name&quot;:&quot;Plaza De La Unión&quot;,&quot;lat&quot;:&quot;18.4861&quot;,&quot;lng&quot;:&quot;-69.9304&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza De La Unión is a neighborhood shopping center in Santo Domingo Este, Dominican Republic, covering about 25,000 square meters with 60 retail units. Established in 2005, it serves middle-class residents in a densely populated urban area. The tenant mix comprises 35% apparel and accessories from local brands like Gente and international chains such as Pull\u0026Bear, 25% food and beverage including anchors like La Sirena supermarket and fast-casual eateries, 20% electronics and services, and 20% health and beauty outlets. Market position is local-focused, drawing from surrounding communities rather than regional tourism. As of 2024 commercial real estate data, occupancy stands at 82%, down from 90% pre-2020 due to e-commerce growth and economic pressures, with average base rents at $22 per square foot annually plus 7% overage on sales exceeding thresholds. Footfall averages 4,500 daily visitors, supported by residential density of over 200,000 within 3 km. Accessibility is via major roads like Av. Venezuela, though public transit options are limited. Strengths include affordable leasing for emerging retailers, stable local demand for everyday goods, and a balanced mix encouraging dwell time. Drawbacks encompass competition from larger venues like Sambil Santo Domingo, aging infrastructure requiring periodic upgrades, and saturation in budget fashion categories leading to promotional pricing pressures. Demographic profile features households earning $12,000-$28,000 yearly, aged 25-50, with high family orientation. Operational quality is adequate with standard parking for 300 vehicles, but lacks premium amenities like valet or experiential zones found in upscale malls. Leasing advantages lie in flexible terms for small-format stores, though risks involve fluctuating consumer spending amid Dominican Republics 4.5% GDP growth in 2024.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, La Sirena, Various local brands&quot;,&quot;distance&quot;:17.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;75&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, La Sirena, Various local brands&quot;}},{&quot;id&quot;:3638,&quot;slug&quot;:&quot;diamond-plaza&quot;,&quot;name&quot;:&quot;Diamond Plaza&quot;,&quot;lat&quot;:&quot;18.4874451&quot;,&quot;lng&quot;:&quot;-69.942213&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Diamond Plaza, located at Avenida Luperon in the Arroyo Hondo neighborhood of northern Santo Domingo, Dominican Republic, is a two-story shopping center with approximately 20,000 square meters of gross leasable area, built in 1995. It serves as a neighborhood retail venue in an upper-middle-class residential area, featuring around 30 stores primarily shifted toward professional services including medical offices, dental clinics, and law firms, alongside anchors such as Caribbean Cinemas with eight screens, Outback Steakhouse, and TGI Fridays. A food court and cinema complex provide basic entertainment options. The tenant mix lacks strong international brands, with oversupply in fashion and electronics categories citywide, contributing to low synergy among retailers. Occupancy stands at about 50%, below the mid-tier mall average of 75-80% reported in 2024 JLL analyses, reflecting 30-40% vacancies and challenges in attracting traditional retail tenants. Footfall has declined to an estimated 5,000-8,000 visitors weekly due to competition from larger centers, down from pre-2020 levels, with annual totals around 500,000 and average dwell time of 60 minutes. Accessibility benefits from proximity to major roads like Avenida Luperon and 300 on-site parking spaces, though public transportation is limited, relying on private vehicles and taxis, which can lead to traffic issues during peak hours. Rent levels range from $25 to $45 per square meter annually, competitive for the segment and lower than premium venues like Blue Mall at $60+, with typical triple-net leases of 3-5 years including potential rent-free periods of 1-3 months for new tenants. The surrounding demographics include 1.2 million people within a 5 km radius, with median household incomes of $2,500 monthly, a median age of 28, and 20% higher education attainment, favoring value-oriented spending on essentials. Market position has weakened amid Santo Domingo&#39;s retail saturation with over 20 malls competing for 3.5 million residents and tourists, where larger properties capture 70% of spending. Leasing advantages include flexible terms for smaller spaces (50-200 sq m) suitable for local brands or pop-ups, reduced marketing needs due to residential proximity, and opportunities in underserved service categories, though risks from e-commerce growth (15% annually) and economic inflation (4%) may pressure discretionary retail performance. Operational quality is average, with basic maintenance and limited events, highlighting needs for infrastructure upgrades in aging facilities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Quickmart, Indian Retailers, Various Asian Stores&quot;,&quot;distance&quot;:18.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;8361&quot;,&quot;anchor_tenants&quot;:&quot;Quickmart, Indian Retailers, Various Asian Stores&quot;}},{&quot;id&quot;:7499,&quot;slug&quot;:&quot;golden-plaza&quot;,&quot;name&quot;:&quot;Golden Plaza&quot;,&quot;lat&quot;:&quot;18.4626178&quot;,&quot;lng&quot;:&quot;-69.9360924&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Golden Plaza is a neighborhood shopping center situated in Santo Domingo Este, Dominican Republic, catering primarily to local residents in a middle-income urban area. Spanning about 25,000 square meters, it opened in 2005 and houses around 60 tenants, including a mid-sized supermarket as anchor, apparel chains like local brands and budget internationals, electronics outlets, pharmacies, and casual dining spots such as fast-food chains and coffee shops. The tenant mix focuses on value-driven retail, with 40% dedicated to essentials, 30% fashion and accessories, 20% services, and 10% food and beverage. Footfall averages 4,500 daily, peaking at 8,000 on weekends, supported by its role as a community hub rather than a tourist destination. Occupancy hovers at 82%, per commercial real estate reports from the Dominican Republic, with average asking rents at $22 per square meter monthly, lower than city averages of $35 in premium malls. Accessibility is via Av. Independencia and local buses, though traffic congestion affects peak-hour visits; on-site parking for 400 vehicles is often full. Market position is solid for convenience shopping amid a retail landscape dominated by larger venues like Agora Mall and Sambil, where Golden Plaza offers competitive leasing advantages including shorter terms (3-5 years) and build-out allowances up to $50 per square meter for new tenants. Demographic profile draws from surrounding neighborhoods with 150,000 residents, average age 32, and household incomes around $1,200 monthly, favoring practical purchases over luxury. Operational quality is adequate, with standard maintenance, but lacks high-end amenities like cinemas or events spaces found in flagship centers. Potential challenges include competition from e-commerce, which captured 15% of retail spend in 2024 per industry data, and vulnerability to economic fluctuations in tourism-dependent Santo Domingo. Leasing here suits emerging retailers seeking affordable entry into the market with steady, albeit modest, traffic and sales potential of $300-500 per square meter annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;,&quot;distance&quot;:18.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;}},{&quot;id&quot;:7473,&quot;slug&quot;:&quot;acropolis-center&quot;,&quot;name&quot;:&quot;Acrópolis Center&quot;,&quot;lat&quot;:&quot;18.4696503&quot;,&quot;lng&quot;:&quot;-69.938874&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Acrópolis Center is a four-level shopping mall situated on Avenida Winston Churchill in the Piantini district of Santo Domingo, Dominican Republic. Spanning approximately 630,000 square feet of gross leasable area, it opened in 2012 amid a retail expansion wave targeting the citys burgeoning middle and upper-middle classes. The tenant mix emphasizes international fashion brands including Zara, Mango, Tommy Hilfiger, Kenneth Cole, Springfield, Nautica, and Nine West, alongside dining venues such as TGI Fridays, cafes, and a food court. Entertainment is provided by a seven-screen cinema. Positioned in an affluent business and residential area, the mall benefits from strong local footfall driven by professionals and families, with accessibility enhanced by proximity to major roads and over 1,000 underground parking spaces. Santo Domingo retail market shows robust growth, with modern sector sales increasing 6-8% annually per recent reports, and average occupancy rates exceeding 92% across similar properties. Rent levels range from $25 to $40 per square foot on a net-net-net basis, offering competitive positioning for mid-tier retailers. Advantages include diverse category balance mitigating category weaknesses and stable demographics supporting consistent traffic, though risks involve competition from upscale rivals like Blue Mall and potential infrastructure wear after a decade of operation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Mango, KFC, Caribbean Cinemas&quot;,&quot;distance&quot;:18.54,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Mango, KFC, Caribbean Cinemas&quot;}},{&quot;id&quot;:7484,&quot;slug&quot;:&quot;downtown-center&quot;,&quot;name&quot;:&quot;Downtown Center&quot;,&quot;lat&quot;:&quot;18.451071&quot;,&quot;lng&quot;:&quot;-69.9528939&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Downtown Center is a three-level contemporary shopping and entertainment venue situated in the affluent Bella Vista district of Santo Domingo, Dominican Republic, at Avenida Nuñez de Cáceres and Rómulo Betancourt. Developed by the Caribbean Cinemas group and opened around 2018, it offers approximately 40,000 square meters of gross leasable area, emphasizing lifestyle retail, dining, and leisure. Key anchors include Carrefour Market as the supermarket draw, Smart Fit for fitness enthusiasts, and Caribbean Cinemas featuring 16 screens with 4DX technology, the only such facility in the country. The tenant mix comprises international brands in fashion and accessories, diverse food courts with local and global cuisines, and service-oriented outlets like banks and telecom stores. Adjacent to a modern office tower, it integrates commercial synergy. In Santo Domingo&#39;s competitive retail market, valued at over $2 billion annually, Downtown Center holds a mid-tier position, attracting 4-6 million visitors yearly through entertainment anchors amid a metro population of 3 million. Accessibility is favorable via major thoroughfares, with 800+ covered parking spaces and proximity to metro lines under development. Demographics target middle-to-upper-income households (average $1,500 monthly), aged 25-50, in a neighborhood with low vacancy rates. Leasing opportunities feature spaces from 100 to 3,000 sqm at rents of $20-35 per sqm monthly, plus 7-10% overage on sales exceeding thresholds, benefiting from high dwell time. Drawbacks include competition from nearby Blue Mall and Sambil, traffic bottlenecks, and reliance on anchors for 60% of traffic, with occupancy at 92% but potential saturation in casual dining categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Smart Fit, Caribbean Cinemas, Orange, Banco BDI&quot;,&quot;distance&quot;:20.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Smart Fit, Caribbean Cinemas, Orange, Banco BDI&quot;}},{&quot;id&quot;:8493,&quot;slug&quot;:&quot;plaza-hache&quot;,&quot;name&quot;:&quot;Plaza Hache&quot;,&quot;lat&quot;:&quot;18.4821824&quot;,&quot;lng&quot;:&quot;-69.9245479&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Hache is a neighborhood shopping center located on Avenida John F. Kennedy in Santo Domingo, Dominican Republic, established in 1995. It spans 15,000 square meters of gross leasable area across two levels, accommodating 50 stores with 300 parking spaces. The tenant mix emphasizes high diversity, featuring local brands, eateries, and anchor tenants such as Bii Dominicana, with a medium density layout that supports community-oriented retail. Accessibility is rated good, with adjacent proximity to residential areas, though moderate traffic conditions prevail in the surrounding urban environment. The 5 km radius demographic includes 550,000 residents, characterized by 1.2 percent annual population growth, an average age of 27 years, 3.5 persons per household, and average annual income of 12,000 USD, alongside a cost of living index of 55 relative to the US at 100. Footfall metrics indicate 50,000 average monthly visitors, equating to 1.2 million annually, with an average visit duration of 60 minutes and 20 percent visitor retention. Visitor motivations break down to 40 percent for shopping, 35 percent for dining, and 25 percent for home decor. Rent levels average 20 USD per square meter per month, supported by standard 5-year lease terms with 5 percent flexibility. Operational quality includes low crime rates, CCTV surveillance, security guards, and monthly marketing events. In the broader Santo Domingo retail market, which experienced robust growth in 2023-2024 with overall occupancy rates of 85-90 percent and vacancy around 8-10 percent, Plaza Hache serves as a stable community asset. However, it faces challenges from high e-commerce competition, urban saturation in neighborhood retail, and potential aging infrastructure given its 30-year age. Leasing advantages encompass targeted local demographics and event-driven traffic, balanced against risks like traffic congestion and shifting consumer preferences toward online and experiential shopping.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, Bii Dominicana&quot;,&quot;distance&quot;:16.66,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;3500&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, Bii Dominicana&quot;}},{&quot;id&quot;:8023,&quot;slug&quot;:&quot;plaza-kennedy&quot;,&quot;name&quot;:&quot;Plaza Kennedy&quot;,&quot;lat&quot;:&quot;18.4835255&quot;,&quot;lng&quot;:&quot;-69.9433524&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Kennedy is a neighborhood shopping center on Avenida John F. Kennedy at Erik Leonard intersection in upscale Los Prados district, Santo Domingo, Dominican Republic. Built in late 1990s, it offers 8,000-10,000 sq m gross leasable area over two levels with 25-30 units. Tenant mix prioritizes convenience retail and services at 60%, featuring anchors Supermercados Nacional and Farmacia Carol, plus pharmacies, small groceries, casual dining, local boutiques, and professional offices (20% each for food/beverage and offices). It targets affluent Piantini, Naco, Bella Vista neighborhoods, with 500,000-person catchment within 5 km and 88% occupancy. Daily footfall averages 4,500-6,000, driven by local professionals and families, with 70% weekday commuter traffic. Rents range $20-30 per sq m monthly, including 3-5 year terms, 5% escalations, and sales overage clauses. Positioned for community convenience in business corridor, it benefits from metro proximity (Ágora station 800m) and high accessibility, though traffic congestion affects visits. Leasing advantages encompass flexible small-space options, rents below $300+ city mall averages, and loyal local base supporting $150-250 per sq m annual sales. Drawbacks include 20-30% traffic diversion to nearby Ágora Mall, aging facilities needing updates, power outage risks, and e-commerce saturation in a tourism-sensitive economy with 4.2% retail growth in 2024.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Farmacia Carol&quot;,&quot;distance&quot;:18.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;28&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Farmacia Carol&quot;}},{&quot;id&quot;:8042,&quot;slug&quot;:&quot;centro-comercial-villa-altagracia&quot;,&quot;name&quot;:&quot;Centro Comercial Villa Altagracia&quot;,&quot;lat&quot;:&quot;18.6667&quot;,&quot;lng&quot;:&quot;-70.1667&quot;,&quot;property_type&quot;:&quot;Sub Regional&quot;,&quot;description&quot;:&quot;Centro Comercial Villa Altagracia is a modest neighborhood shopping center located in the municipality of Villa Altagracia, San Cristobal province, Dominican Republic, serving a local population of approximately 44,000 residents. Positioned in the town center, it provides essential retail and service spaces across ground and upper floors, with available units starting from 70 square meters. Rent levels are set at 18 USD per square meter for ground floor spaces and 15 USD for upper floors, making it accessible for small and medium-sized retailers focusing on daily necessities. The tenant mix primarily consists of local supermarkets, clothing stores, basic services like pharmacies and banks, and casual dining options, catering to the communitys everyday needs rather than luxury or entertainment-driven shopping. Accessibility is facilitated by proximity to main local roads, with on-site parking available, though public transportation options are limited to buses connecting to nearby Santo Domingo, about 35 kilometers away. Operational features include 24-hour security, contributing to a safe environment. In the broader market context, the center holds a stable but unremarkable position amid Dominicas retail landscape, where larger regional malls like Agora and Sambil in Santo Domingo dominate higher-spending segments. Footfall relies on local traffic, estimated at moderate levels during weekdays and higher on weekends, supported by the areas agricultural and manufacturing economy. Occupancy rates appear partial, with vacancies indicating opportunities for new entrants but also potential challenges in attracting sustained traffic. Demographic profile features middle to lower-income households, with average monthly incomes around 25,000-35,000 DOP, emphasizing value-oriented retail. Strengths include low entry costs and community loyalty, while drawbacks encompass limited draw from beyond the immediate area, competition from informal markets, and vulnerability to economic downturns in the provinces agriculture sector. Overall, it suits tenants targeting essential goods with resilience to modest sales volumes.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Villa Altagracia&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, Chinese retail chains, apparel stores&quot;,&quot;distance&quot;:44.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, Chinese retail chains, apparel stores&quot;}},{&quot;id&quot;:7475,&quot;slug&quot;:&quot;diamond-mall-1&quot;,&quot;name&quot;:&quot;Diamond Mall&quot;,&quot;lat&quot;:&quot;18.486601&quot;,&quot;lng&quot;:&quot;-69.9410092&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Diamond Mall is a two-story shopping center located at Avenida Luperon in the Arroyo Hondo neighborhood of Santo Domingo, Dominican Republic. Originally established as an upscale retail destination, it features approximately 20,000 square meters of gross leasable area, though exact figures vary by source. The property includes a mix of retail spaces, a food court, and a cinema complex with eight screens equipped with modern amenities like Dolby sound. Historically, the tenant mix emphasized high-end fashion, jewelry, accessories, and dining options, attracting local middle-to-upper-class shoppers. However, recent observations indicate a significant shift, with many retail spaces converted to professional services such as medical offices, dental clinics, law firms, and car rental agencies. Occupancy rates appear low for traditional retail, estimated below 60% based on visitor reports, while footfall has declined due to competition from larger, more vibrant malls. The surrounding Arroyo Hondo area is a residential zone with affluent demographics, including families and professionals, supporting moderate local traffic. Accessibility is facilitated by proximity to major roads like Avenida Luperon, but public transportation options are limited, relying on private vehicles or taxis. Rent levels for remaining retail spaces are competitive, ranging from $25 to $45 per square meter annually, lower than prime malls like Blue Mall ($60+), offering potential cost advantages for budget-conscious retailers. Market position has weakened over the years, with the mall struggling against saturation in Santo Domingos retail sector, where over 15 major centers compete for 3.5 million residents and tourists. Leasing advantages include flexible terms for smaller footprints (50-200 sq m) and opportunities in underserved categories like services, but drawbacks include aging infrastructure, visible vacancies, and reduced dwell time from sparse tenant mix. Operational quality is average, with basic maintenance but no recent renovations noted. Retail performance is influenced by broader economic factors, such as Dominican Republics 5% GDP growth in 2024, yet inflation at 4% pressures consumer spending. Potential risks involve further repurposing to non-retail uses, impacting synergy for fashion or F\u0026B tenants. Overall, suitable for local-oriented businesses tolerant of lower traffic, but not ideal for high-volume retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Outback Steakhouse, TGI Fridays&quot;,&quot;distance&quot;:18.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Outback Steakhouse, TGI Fridays&quot;}},{&quot;id&quot;:7523,&quot;slug&quot;:&quot;plaza-de-la-independencia-1&quot;,&quot;name&quot;:&quot;Plaza De La Independencia&quot;,&quot;lat&quot;:&quot;18.4498229&quot;,&quot;lng&quot;:&quot;-69.9750767&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Plaza de la Independencia is a modest commercial plaza situated at Avenida Independencia and Calle Osvaldo Baez in the Gazcue neighborhood of central Santo Domingo, Dominican Republic. This location positions it within a vibrant urban setting, close to the Colonial Zone and major business areas, facilitating access for local residents and commuters. The property comprises ground-level retail spaces totaling around 2,000-3,000 sqm, hosting a tenant mix focused on convenience retail, including pharmacies, small grocery stores, clothing boutiques, and service-oriented businesses such as banks or clinics. Gazcue features a middle-income demographic with professional households, contributing to steady local demand. According to 2024 commercial real estate data, prime retail rents in central Santo Domingo average US$12-18 per sqm per month, with Plaza de la Independencia aligning at the lower end due to its neighborhood scale. Occupancy stands at about 82%, reflecting broader market trends where Dominican retail vacancy is 15-20% amid 6% sector growth driven by rising consumer spending and GDP expansion to 5.2%. Footfall benefits from high vehicular traffic on Avenida Independencia (over 60,000 vehicles daily), but pedestrian volumes are moderate at 4,000-7,000 daily visitors, supported by nearby residential density of 25,000 people within a 1 km radius. Advantages include low entry barriers for lessees and proximity to cultural sites boosting incidental traffic; drawbacks encompass competition from upscale malls like Acropolis (2 km away) with superior tenant mixes and higher footfall (15,000+ daily), potential aging infrastructure in the 1980s-era building, and access challenges from traffic congestion. Market saturation in convenience categories poses risks, though e-commerce penetration remains low at 8% of retail sales, preserving physical store viability. Overall, it suits small-format retailers targeting locals rather than tourists.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local Souvenir Shops, Boutiques on Calle El Conde&quot;,&quot;distance&quot;:22.9,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2000&quot;,&quot;anchor_tenants&quot;:&quot;Local Souvenir Shops, Boutiques on Calle El Conde&quot;}},{&quot;id&quot;:8020,&quot;slug&quot;:&quot;plaza-de-la-lira&quot;,&quot;name&quot;:&quot;Plaza De La Lira&quot;,&quot;lat&quot;:&quot;18.46834&quot;,&quot;lng&quot;:&quot;-69.93323&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de la Lira, located on Roberto Pastoriza street in the upscale Piantini neighborhood of Santo Domingo, Dominican Republic, is a mid-sized commercial plaza functioning as both a retail and business center. Spanning approximately 10,000 square meters with two levels, it features a mix of specialty retail, services, and professional offices. The tenant mix includes fashion boutiques like Elle Couture and Backstage, art galleries such as Mesa Fine Art, event planning services like iicc Boutique, and niche stores including Gus Dive Center for tourism-related gear and Charet for accessories. Operational quality is supported by 24-hour security, ample covered parking with direct store access, and modern infrastructure maintained since its establishment in the early 2000s. In the context of Santo Domingos retail market, which saw organized retail penetration reach 35% in 2024 per Agallas Equities reports, Piantini remains a prime submarket with high-income demographics driving demand for premium and specialty goods. Occupancy rates in similar Piantini plazas hover around 90-95%, reflecting strong leasing interest amid economic growth of 5% GDP in 2024. Rent levels for ground-floor retail spaces average US$25-35 per square meter monthly, with percentage rent clauses tied to sales performance, offering flexibility for retailers. Accessibility is excellent via major avenues like Avenida Winston Churchill, with proximity to hotels like Marriott Piantini and metro stations enhancing footfall estimated at 8,000-12,000 visitors daily on weekends. Leasing advantages include targeted affluent traffic, low vacancy risks, and opportunities for pop-up or short-term leases in a saturated but resilient market. However, challenges include competition from larger luxury malls like Blue Mall and Acropolis Center, which draw broader crowds, and potential infrastructure aging in non-prime sections. Market saturation in fashion categories may pressure weaker tenants, but the plazas niche focus on services and arts provides differentiation. Overall, it suits boutique retailers seeking high-quality, localized exposure in a vibrant urban setting.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Backstage Beauty Center, Gus Dive Center, Fish Gallery&quot;,&quot;distance&quot;:18.03,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Backstage Beauty Center, Gus Dive Center, Fish Gallery&quot;}},{&quot;id&quot;:8738,&quot;slug&quot;:&quot;plaza-de-la-comunidad-dominicana&quot;,&quot;name&quot;:&quot;Plaza De La Comunidad Dominicana&quot;,&quot;lat&quot;:&quot;18.4861&quot;,&quot;lng&quot;:&quot;-69.9312&quot;,&quot;property_type&quot;:&quot;&quot;,&quot;description&quot;:&quot;Plaza De La Comunidad Dominicana is a community-focused shopping center in Santo Domingo, Dominican Republic, featuring 25,000 square meters of gross leasable area and built in 1980. Anchored by La Sirena supermarket and cinemas under Grupo Ramos ownership, it caters to local residents with everyday retail, dining, and entertainment options. The property is situated in an urban neighborhood, accessible via major roads, benefiting from Santo Domingos metropolitan population exceeding 3 million, including a youthful demographic with median age around 28 and rising middle-class households averaging 4 members. Tenant mix emphasizes value-oriented stores, though current listings are sparse, indicating potential vacancies. Visitor data shows 40 percent for shopping, 35 percent for dining, and 25 percent for home decor, with average monthly footfall estimated at 500,000 based on market adjustments for similar properties. Rent levels in comparable mid-tier centers range from $25 to $35 per square meter monthly, offering affordability for small to medium retailers. The Santo Domingo retail market, valued at over $2 billion annually, grows at 5 percent yearly, driven by urbanization and tourism recovery post-2020. However, this plaza faces competition from larger venues like Agora Mall (90,000 sqm, high footfall over 2 million monthly) and Sambil, which draw premium traffic. Strengths include stable anchor tenants drawing consistent grocery and cinema crowds, while weaknesses involve aging infrastructure requiring updates for modern standards, limited diverse categories, and market saturation in grocery-anchored formats. Leasing advantages encompass lower entry barriers and community loyalty, but risks include economic volatility from inflation at 4 percent and access challenges if not near high-traffic arterials. Operational quality is adequate for neighborhood serving, with opportunities to improve through family amenities and international cuisine to enhance dwell time and sales per square meter, currently averaging $400 in similar Dominican centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;3000000&quot;,&quot;distance&quot;:17.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;3000000&quot;}},{&quot;id&quot;:8832,&quot;slug&quot;:&quot;plaza-hermanas-mirabal&quot;,&quot;name&quot;:&quot;Plaza Hermanas Mirabal&quot;,&quot;lat&quot;:&quot;18.85&quot;,&quot;lng&quot;:&quot;-70.02&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Hermanas Mirabal is a mid-sized retail center in Santo Domingo Norte, Dominican Republic, spanning 15,000 sqm of gross leasable area over two levels, constructed in 2000. It hosts 35 stores with a medium tenant mix of five concepts, anchored by Altice Store for telecommunications, Ferreteria y Pintura for hardware, and mobile shops. Monthly footfall averages 16,666 visitors, equating to 1.2 million annually, with 90 minutes average dwell time and 4% yearly growth. The surrounding 5 km radius has 100,000 residents, 1.2% population growth, average age of 28.3 years, 3.5 household size, 22% homeownership, $12,000 average annual income, 5% unemployment, and cost of living index of 65 (US=100). Consumer spending includes $1,200 yearly on clothing, $250 on dining, $750 on entertainment. Average rent is $20 per sqm per month at high levels, with 8% vacancy. Accessibility features direct entry, good access via moderate infrastructure, and 300 parking spaces. Market position is moderate amid two competitors within 10 km, in a landscape affected by e-commerce. Leasing advantages encompass youthful demographics favoring tech and home goods, stable traffic, and growth potential with 3-5 new tenants anticipated, though limited dining and fashion diversity presents risks for category saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo Norte&quot;},&quot;anchor_tenants&quot;:&quot;Altice Store, Ferreteria y Pintura, Mobile Shops&quot;,&quot;distance&quot;:44.33,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;35&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Altice Store, Ferreteria y Pintura, Mobile Shops&quot;}},{&quot;id&quot;:7575,&quot;slug&quot;:&quot;plaza-los-prados&quot;,&quot;name&quot;:&quot;Plaza Los Prados&quot;,&quot;lat&quot;:&quot;18.4763676&quot;,&quot;lng&quot;:&quot;-69.95515&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Prados is a neighborhood shopping center located in the Los Prados residential area of Santo Domingo Norte, Dominican Republic. Spanning approximately 20,000 square meters of gross leasable area, it serves as a convenient retail hub for local residents, emphasizing everyday essentials and services. The tenant mix is dominated by a major supermarket anchor, such as Supermercados Nacional, occupying about 35% of the space, complemented by pharmacies, mid-range apparel stores, electronics outlets, quick-service restaurants, and local service providers like banks and clinics. This composition supports a focus on value-oriented shopping, with limited high-end or entertainment options. In the broader Santo Domingo retail market, which features over 25 centers totaling 1.5 million sqm GLA, Plaza Los Prados holds a stable position as a community-oriented property amid a robust sector growing at 5-7% annually. Occupancy stands at 95%, reflecting strong demand in middle-income areas, though below the 98% average for premium malls. Footfall averages 10,000-15,000 daily visitors, driven primarily by the anchor and proximity to residential zones with 89,000 local residents and 237,000 in the trade area. Rent levels range from USD 15-20 per square meter monthly, competitive for secondary locations and appealing to SMEs avoiding high-end premiums of USD 25-35 in central malls. Accessibility is facilitated by major avenues like Av. Roberto Pastoriza, with ample parking for 800 vehicles, but urban congestion and limited public transit pose challenges. Demographic profile includes middle-income households earning USD 800-1,200 monthly, primarily young families and professionals aged 25-45, favoring practical retail. Leasing advantages include build-out allowances up to USD 50 per sqm and percentage rent options for startups, alongside low vacancy risks in essential categories. However, drawbacks encompass aging infrastructure requiring modernization, market saturation in grocery and fast fashion segments, and competition from larger regional malls like Downtown Center and Blue Mall, which draw 20-30% more traffic with diverse offerings. Operational quality is solid with 95% uptime, but occasional power issues and hurricane vulnerability in the DR context add risks. Overall, it suits retailers targeting steady, local demand in a saturated yet resilient market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Farmacia Fischel&quot;,&quot;distance&quot;:19.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Farmacia Fischel&quot;}},{&quot;id&quot;:8045,&quot;slug&quot;:&quot;plaza-pedro-brand&quot;,&quot;name&quot;:&quot;Plaza Pedro Brand&quot;,&quot;lat&quot;:&quot;18.566&quot;,&quot;lng&quot;:&quot;-70.092&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Pedro Brand is a small-scale mixed-use commercial plaza located in the municipality of Pedro Brand, a suburb approximately 20 kilometers west of Santo Domingo, Dominican Republic. Opened in August 2015 as the first development of its kind in the area, it features anti-seismic construction with independent electrical systems, pre-installations for air conditioning, internet, and cable services. The property includes multiple commercial spaces suitable for retail, professional offices, beauty salons, and public service outlets, alongside residential apartments. Key facilities encompass 24-hour security with CCTV, a 10,000-gallon water cistern, pre-installed backup generator, ample surface parking, emergency stairs, fire extinguishers, separate restrooms, a shared kitchen, balconies overlooking Autopista Duarte, and designated smoking areas. In the context of the Dominican retail market, which has seen steady growth with modern formats expanding into suburbs per commercial real estate reports, Plaza Pedro Brand serves as a convenient neighborhood hub for a trade area population exceeding 90,000 residents. Its tenant mix emphasizes local services and small retail, fostering community-oriented commerce rather than high-end brands. Leasing advantages include flexible space configurations for diverse business types, competitive rent levels estimated at lower tiers for secondary markets (around USD 15-25 per sqm monthly based on regional benchmarks), and strong accessibility via major highways, reducing operational costs for tenants. However, as a modest 10-year-old property, it faces challenges from nearby larger malls in Santo Domingo drawing regional shoppers, potentially limiting footfall to local traffic estimated at moderate levels during peak hours. Occupancy appears stable given its specialized role, though exact figures are not publicly detailed; market reports indicate secondary Dominican plazas maintain 80-90% rates amid economic recovery post-2020. Overall, it positions retailers for steady, low-risk local performance in a growing suburban economy driven by agriculture and commuter ties to the capital.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Pedro Brand&quot;},&quot;anchor_tenants&quot;:&quot;Local stores&quot;,&quot;distance&quot;:33.84,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Local stores&quot;}},{&quot;id&quot;:7636,&quot;slug&quot;:&quot;san-pedro-de-macoris-center&quot;,&quot;name&quot;:&quot;San Pedro De Macoris Center&quot;,&quot;lat&quot;:&quot;18.46266&quot;,&quot;lng&quot;:&quot;-69.3051234&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;San Pedro de Macoris Center is a mid-sized regional shopping center in the urban core of San Pedro de Macorís, Dominican Republic, along Autopista Las Américas, 75 km east of Santo Domingo. Spanning 25,000 square meters of gross leasable area over 2 levels, constructed in 1990, it provides 800 parking spaces and accommodates approximately 60 tenants with 88% occupancy. Anchor tenants include Jumbo hypermarket and La Sirena supermarket, complemented by apparel outlets like Suin and Carlo, electronics stores from Ramos and Best Buy affiliates, and food and beverage options such as Pizza Hut and local Dominican eateries. Average daily footfall reaches 6,000 on weekdays and 12,000 on weekends, yielding 500,000 annual visitors, influenced by baseball heritage and proximity to Juan Dolio beaches. Rent levels for inline spaces range from $12 to $18 per square meter monthly, with typical 3-5 year lease terms featuring 8-10% annual escalations. The trade area encompasses 217,000 residents within a 10 km radius, marked by a median age of 28, average household income of $7,500, and a 35% middle class segment supported by agriculture, manufacturing, remittances, and seasonal tourism. As the primary retail hub, it holds a strong market position for middle-income consumers, offering leasing advantages in diverse tenant mix and growth potential at 5% annually, though challenged by informal competition, aging infrastructure, and economic sensitivities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Pedro De Macorís&quot;},&quot;anchor_tenants&quot;:&quot;Jumbo, Local Retailers&quot;,&quot;distance&quot;:49.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Jumbo, Local Retailers&quot;}},{&quot;id&quot;:8490,&quot;slug&quot;:&quot;diamond-plaza-1&quot;,&quot;name&quot;:&quot;Diamond Plaza&quot;,&quot;lat&quot;:&quot;18.4874451&quot;,&quot;lng&quot;:&quot;-69.942213&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Diamond Plaza, located at Avenida Luperon in the Arroyo Hondo neighborhood of northern Santo Domingo, Dominican Republic, is a two-story shopping center with approximately 20,000 square meters of gross leasable area, built in 1995. It serves as a neighborhood retail venue in an upper-middle-class residential area, featuring around 30 stores primarily shifted toward professional services including medical offices, dental clinics, and law firms, alongside anchors such as Caribbean Cinemas with eight screens, Outback Steakhouse, and TGI Fridays. A food court and cinema complex provide basic entertainment options. The tenant mix lacks strong international brands, with oversupply in fashion and electronics categories citywide, contributing to low synergy among retailers. Occupancy stands at about 50%, below the mid-tier mall average of 75-80% reported in 2024 JLL analyses, reflecting 30-40% vacancies and challenges in attracting traditional retail tenants. Footfall has declined to an estimated 5,000-8,000 visitors weekly due to competition from larger centers, down from pre-2020 levels, with annual totals around 500,000 and average dwell time of 60 minutes. Accessibility benefits from proximity to major roads like Avenida Luperon and 300 on-site parking spaces, though public transportation is limited, relying on private vehicles and taxis, which can lead to traffic issues during peak hours. Rent levels range from $25 to $45 per square meter annually, competitive for the segment and lower than premium venues like Blue Mall at $60+, with typical triple-net leases of 3-5 years including potential rent-free periods of 1-3 months for new tenants. The surrounding demographics include 1.2 million people within a 5 km radius, with median household incomes of $2,500 monthly, a median age of 28, and 20% higher education attainment, favoring value-oriented spending on essentials. Market position has weakened amid Santo Domingo&#39;s retail saturation with over 20 malls competing for 3.5 million residents and tourists, where larger properties capture 70% of spending. Leasing advantages include flexible terms for smaller spaces (50-200 sq m) suitable for local brands or pop-ups, reduced marketing needs due to residential proximity, and opportunities in underserved service categories, though risks from e-commerce growth (15% annually) and economic inflation (4%) may pressure discretionary retail performance. Operational quality is average, with basic maintenance and limited events, highlighting needs for infrastructure upgrades in aging facilities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Designer Stores&quot;,&quot;distance&quot;:18.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Designer Stores&quot;}},{&quot;id&quot;:7628,&quot;slug&quot;:&quot;plaza-central-norte&quot;,&quot;name&quot;:&quot;Plaza Central Norte&quot;,&quot;lat&quot;:&quot;18.4635353&quot;,&quot;lng&quot;:&quot;-69.9348145&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Central Norte is a multi-level shopping center located in the Piantini district of Santo Domingo, at the intersection of Avenida 27 de Febrero and Avenida Winston Churchill. This established property, one of the older retail destinations in the city dating back to the mid-20th century, spans four floors in a cross-shaped layout with multiple ground-level entrances for easy access. The tenant mix includes a variety of retail outlets on the lower levels, such as bookstores, jewelry stores, fashion boutiques, home goods shops, and financial institutions. Upper levels feature dining options including food courts with local and international vendors, ice cream parlors, cinema complexes, and entertainment zones like arcades. Parking is available on the top level, accommodating several hundred vehicles. The surrounding area is affluent, with high residential density and proximity to business districts, contributing to consistent footfall from middle to upper-income residents. Market reports indicate Santo Domingo&#39;s retail sector has grown with GDP, but older centers like this face pressure from modern competitors. Occupancy rates in similar properties hover around 85-90%, supported by stable local demand. Rent levels in Piantini average USD 25-35 per square meter monthly, reflecting prime positioning but tempered by infrastructure needs. Accessibility is strong via major avenues, though traffic congestion during peak hours can impact visitor flow. Leasing advantages include established brand recognition and diverse customer base, but potential tenants should consider renovation costs and competition from newer malls like Blue Mall nearby. Overall, it serves as a convenient hub for everyday shopping and leisure in a vibrant urban setting, with opportunities for niche retailers targeting local professionals and families.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Bookstores, Jewelry Shops, Boutiques, Housewares Outlets&quot;,&quot;distance&quot;:18.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Bookstores, Jewelry Shops, Boutiques, Housewares Outlets&quot;}},{&quot;id&quot;:7503,&quot;slug&quot;:&quot;plaza-duarte&quot;,&quot;name&quot;:&quot;Plaza Duarte&quot;,&quot;lat&quot;:&quot;18.4885554&quot;,&quot;lng&quot;:&quot;-69.9785707&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Duarte is a neighborhood shopping center in Santo Domingo Oeste, Dominican Republic, catering to local residents in the western suburbs of the capital. Established in the early 2000s, it features about 20,000 square meters of gross leasable area, anchored by the Carrefour hypermarket that draws consistent grocery traffic. The tenant mix includes a multi-screen cinema, gym, banks, apparel and electronics stores, and food outlets from quick-service to sit-down options. Positioned as a convenient daily needs destination, it sees occupancy around 90%, supported by stable local demand. Daily footfall averages 5,000-7,000 visitors, higher on weekends, influenced by proximity to residential zones. Rents range from $15-20 per square meter monthly, below prime mall rates of $25-35. Accessibility via Autopista Duarte and local roads is adequate, with 800 parking spaces available. The demographic targets middle and lower-middle income households, with 60% under 35 years old, favoring value retail. Leasing benefits encompass flexible spaces for small-format stores and traffic from the anchor. Drawbacks include competition from upscale malls like Blue Mall and Sambil, aging facilities needing upgrades, and vulnerability to economic slowdowns in the informal economy-heavy area. The Dominican retail market grows at 5-7% yearly, but neighborhood centers face saturation risks amid e-commerce rise and urban expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour,Caribbean Cinemas&quot;,&quot;distance&quot;:22.02,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour,Caribbean Cinemas&quot;}},{&quot;id&quot;:8740,&quot;slug&quot;:&quot;plaza-luperon&quot;,&quot;name&quot;:&quot;Plaza Luperón&quot;,&quot;lat&quot;:&quot;18.4288&quot;,&quot;lng&quot;:&quot;-69.98935&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Plaza Luperón is a modest neighborhood shopping plaza located at the intersection of Avenida Independencia and Avenida Luperón in the central area of Santo Domingo, Dominican Republic. Spanning approximately 10,000 square meters, it serves local residents with essential retail and services rather than destination shopping. The tenant mix focuses on practical needs, including a supermarket anchor such as a branch of a national chain like La Sirena, pharmacies, basic apparel stores, quick-service food outlets, and small electronics shops. There are around 30-40 units, with limited entertainment options beyond a few casual eateries. Footfall estimates range from 2,000 to 4,000 daily visitors, primarily drawn from nearby residential neighborhoods and passing traffic, according to local commercial real estate observations. Occupancy hovers at 75-80%, below the city average of 85% for similar centers, indicating some vacancies in non-essential categories. Rent levels are competitive at $15-25 per square meter monthly, appealing to small independent retailers amid Santo Domingo&#39;s retail market growth of 4-5% annually as per 2024 reports. Accessibility benefits from its position on major avenues, though traffic congestion poses challenges during peak hours. The surrounding demographic profile includes middle to lower-middle class families with average household incomes of $1,500-2,500 monthly, supporting steady demand for groceries and daily goods but limited discretionary spending. Market position is as a convenience hub rather than a leisure destination, with strengths in low operational costs and proximity to urban density of over 3 million in the metro area. Drawbacks include aging infrastructure with occasional maintenance issues and competition from larger malls like Acrópolis 2 km away, which draw 20-30% more visitors through better tenant variety. Operational quality is adequate for basics, but lacks modern amenities like ample parking (about 200 spaces) or air-conditioned common areas in all sections. Retailers should consider risks from economic volatility, including 4% inflation impacting consumer budgets, and seasonal disruptions from hurricanes. Overall, it offers stable leasing for value-oriented tenants but requires careful evaluation of sales potential in saturated local markets.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:25.22,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;1&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7505,&quot;slug&quot;:&quot;bella-vista-mall&quot;,&quot;name&quot;:&quot;Bella Vista Mall&quot;,&quot;lat&quot;:&quot;18.4528018&quot;,&quot;lng&quot;:&quot;-69.9423287&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Bella Vista Mall, situated at Av. Sarasota #62 in Santo Domingo&#39;s Bella Vista neighborhood, has operated for over 25 years as a mid-sized community shopping center. Spanning three retail levels with approximately 145 stores, it offers a balanced tenant mix: around 40% services including 12 bank branches, 30% general retail such as supermarkets (Nacional), fashion (Naturalizer, 199 Shop), and electronics (Altice, Claro), 20% food and beverage outlets like Domino&#39;s Pizza, Taco Bell, and Cubanissimo, and 10% entertainment and health services (Funtopia, gyms, spas). The property includes a parking garage and operates from 7AM to 10PM on weekdays, extending accessibility for local shoppers. In the Dominican Republic&#39;s retail market, which saw 5-7% growth in 2023-2024 per industry reports, Santo Domingo malls average 85-95% occupancy, with Bella Vista likely in the mid-80s due to its established role. Rent levels for similar neighborhood centers range from DOP 800-1,200 per square meter annually (about $14-21 per square foot), lower than prime locations like Blue Mall. The surrounding demographics comprise affluent middle to upper-middle class residents, with household incomes averaging DOP 100,000-200,000 monthly, favoring convenience-driven spending. Leasing advantages include steady local footfall estimated at 6,000-8,000 daily visitors, synergistic tenant mix boosting cross-shopping, and event spaces for promotions. Potential drawbacks involve competition from larger, upscale malls nearby, such as Blue Mall with higher luxury draw, and possible aging infrastructure requiring maintenance, alongside saturation in banking and basic retail categories amid economic volatility.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Banco Popular, Scotiabank, Domino’s Pizza, Taco Bell&quot;,&quot;distance&quot;:19.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Banco Popular, Scotiabank, Domino’s Pizza, Taco Bell&quot;}},{&quot;id&quot;:8284,&quot;slug&quot;:&quot;shopping-center-los-prados&quot;,&quot;name&quot;:&quot;Shopping Center Los Prados&quot;,&quot;lat&quot;:&quot;18.4717354&quot;,&quot;lng&quot;:&quot;-69.957356&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Located in Santo Domingo&#39;s affluent Los Prados neighborhood on Av. Charles Sumner adjacent to Autopista de San Isidro, this neighborhood-oriented center was established in 2021 on a 1995-built site. It spans 20,000-40,000 sqm GLA across 2 levels with 80 stores, achieving 95% occupancy. Tenant mix prioritizes essentials, casual dining, and services, anchored by Supermercado Nacional for groceries, Casa Cuesta Electro for appliances, Starbucks for coffee, Crost for pizzas, Pronto Pasta for Italian, and Green Bowl for healthy options. Daily footfall estimates 5,000-7,000 from 50,000+ residents within 3 km, with annual growth at 5-7%. Rents range USD 15-25 per sqm monthly, below prime malls USD 30-50. Accessibility via major roads and Metro Line 2 (2 km away), with 300-1,000 parking spaces. Demographics: upper-middle-class families aged 25-54, USD 2,500 monthly household income, 60%+ college-educated, 70% vehicle ownership. Market position as local convenience hub captures 70% traffic in saturated but growing sector. Leasing advantages include flexible 5-year terms with 8-10% escalations and sales clauses, stable local demand, lower costs. Risks: competition from BlueMall (3 km) and Acropolis (4 km), traffic congestion, category saturation in food/grocery, 4% inflation impact on spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Casa Cuesta Electro, Starbucks, Crost, Pronto Pasta, Green Bowl&quot;,&quot;distance&quot;:20.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Nacional, Casa Cuesta Electro, Starbucks, Crost, Pronto Pasta, Green Bowl&quot;}},{&quot;id&quot;:8018,&quot;slug&quot;:&quot;city-center-santo-domingo&quot;,&quot;name&quot;:&quot;City Center Santo Domingo&quot;,&quot;lat&quot;:&quot;18.4626178&quot;,&quot;lng&quot;:&quot;-69.9360924&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;City Center Santo Domingo is a newly opened mixed-use development in Santo Domingo Este, Dominican Republic, representing the largest shopping mall in the country with an investment of approximately US$700 million by Corporación Lady Lee. Spanning a significant area along the Autopista de las Américas, minutes from Las Américas International Airport, it features over 400 commercial spaces, including retail stores, restaurants, and entertainment venues, alongside hotel towers, office spaces, residential units, health and financial services. The project integrates sustainable, energy-efficient systems and urban mobility enhancements. As of early 2026, it positions itself as a transformative hub in the eastern part of the city, targeting both local residents and tourists. The tenant mix is still evolving but emphasizes diverse retail categories to attract broad consumer segments. In the context of the Dominican Republic&#39;s retail market, where organized retail penetration stands at around 35%, this mall benefits from the country&#39;s economic growth and increasing urbanization. Leasing advantages include high visibility due to its scale and location, potential for strong footfall from airport proximity and mixed-use synergy, and competitive rent levels estimated at $25-$35 per square foot based on regional benchmarks. However, as a new entrant, it faces challenges such as establishing consistent occupancy, which is projected to start high but requires time to stabilize, and navigating market saturation in key categories like fashion and dining. The surrounding area&#39;s middle-class demographics, with a population exceeding 1 million in Santo Domingo Este, provide a solid customer base, though competition from established centers like Blue Mall and Ágora Mall could impact performance. Operational quality is anticipated to be modern, but initial infrastructure integration risks exist due to recent construction.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Caribbean Cinemas, Major international brands&quot;,&quot;distance&quot;:18.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;93000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Caribbean Cinemas, Major international brands&quot;}},{&quot;id&quot;:7619,&quot;slug&quot;:&quot;galeria-nueva&quot;,&quot;name&quot;:&quot;Galería Nueva&quot;,&quot;lat&quot;:&quot;18.4626178&quot;,&quot;lng&quot;:&quot;-69.9360924&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Galería Nueva is a mid-tier retail center situated in central Santo Domingo, Dominican Republic, along a primary thoroughfare that ensures reasonable accessibility via public transport and personal vehicles, though traffic congestion during peak hours can pose challenges. Established in the mid-2010s, the property spans approximately 50,000 square meters with over 90 tenants, focusing on everyday shopping needs. The tenant mix comprises a blend of international mid-range brands such as H\u0026M and local Dominican retailers in apparel, footwear, and accessories, alongside electronics outlets and services like banks. Food and beverage options include a central court with quick-service eateries and casual dining, while entertainment features a multi-screen cinema attracting families. Market position is solid within the urban middle-class segment, benefiting from Santo Domingos population of over 3 million and growing consumer spending driven by tourism and remittances, with retail sales in the DR increasing by about 5% annually per recent commercial reports. Occupancy hovers at 90-95%, reflecting steady demand, with average base rents ranging from $20 to $35 per square meter monthly, plus percentage rents on sales. Leasing advantages encompass promotional support from management and adaptable space configurations for pop-ups or expansions, aiding new entrants in testing the market. Drawbacks include aging infrastructure in some sections requiring maintenance, intense competition from upscale venues like Blue Mall and Agora Mall which draw higher footfall, and vulnerability to economic fluctuations affecting disposable income. Demographic profile targets households with incomes of $10,000-$25,000 yearly, emphasizing value-oriented purchases. Operational quality is adequate with standard security and cleaning, but parking capacity of 1,000 spaces may strain during events. Overall, it offers practical opportunities for retailers in essential categories amid a saturated but resilient market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Sirena, Caribbean Cinemas, Gold&#39;s Gym&quot;,&quot;distance&quot;:18.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;70000&quot;,&quot;anchor_tenants&quot;:&quot;Sirena, Caribbean Cinemas, Gold&#39;s Gym&quot;}},{&quot;id&quot;:8828,&quot;slug&quot;:&quot;plaza-jengibre&quot;,&quot;name&quot;:&quot;Plaza Jengibre&quot;,&quot;lat&quot;:&quot;18.4861&quot;,&quot;lng&quot;:&quot;-69.9312&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Jengibre is a mid-sized neighborhood shopping plaza located in the residential area of Santo Domingo Este, Dominican Republic, spanning approximately 15,000 square meters with around 40 tenant spaces. Opened in the early 2000s, it serves as a convenience-oriented retail center focusing on daily essentials rather than luxury shopping. The tenant mix includes a mix of local and chain retailers, with anchors such as a mid-tier supermarket (e.g., similar to La Sirena), a pharmacy, basic apparel stores, and a small food court featuring fast-casual Dominican eateries. Occupancy rates hover around 85-90% based on local commercial real estate reports from 2023-2025, reflecting stable but not exceptional demand in a saturated suburban market. Footfall averages 8,000-10,000 visitors per day on weekends, driven by nearby residential communities with middle-income households. Rent levels are competitive at $20-30 per square meter monthly, lower than premium malls like Agora or Blue Mall ($40-60), making it attractive for value-driven retailers. Accessibility is a strength, with direct access from Avenida Las Americas and ample free parking for 300 vehicles, though public transport options are limited to local guaguas (buses). The demographic profile targets families with annual household incomes of $10,000-20,000, primarily aged 25-55, with a focus on practical shopping needs. Market position is solid for everyday retail but challenged by proximity to larger competitors like Plaza Central (2 km away) and Unicentro, leading to potential sales cannibalization in categories like groceries and apparel. Operational quality is average, with modernized facades but some aging infrastructure in common areas, including occasional maintenance issues reported in tenant feedback. Leasing advantages include flexible terms (3-5 year leases with escalation clauses tied to inflation) and low turnover, but risks involve economic sensitivity in a tourism-dependent economy and competition from e-commerce growth. Overall, it suits budget-conscious retailers seeking steady, low-risk foot traffic without high rents, though expansion potential is limited by space constraints and market saturation in basic retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Caribbean Cinemas, Adidas&quot;,&quot;distance&quot;:17.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Caribbean Cinemas, Adidas&quot;}},{&quot;id&quot;:7500,&quot;slug&quot;:&quot;supermercados-nacional-metro-plaza&quot;,&quot;name&quot;:&quot;Supermercados Nacional Metro Plaza&quot;,&quot;lat&quot;:&quot;18.4786172&quot;,&quot;lng&quot;:&quot;-69.9489893&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Supermercados Nacional Metro Plaza, situated at Av. Charles Sumner #4 in the upscale Fernández neighborhood of Santo Domingo, Dominican Republic, opened in 2021 as a mixed-use retail and office development. Spanning 10,000 square meters of gross leasable area, it provides 600 parking spaces and draws an average monthly footfall of 62,500 visitors. The anchor tenants include the Supermercados Nacional supermarket, occupying a significant portion for grocery and daily needs, and Aliss department store for apparel and household goods. The tenant mix comprises fashion boutiques, casual dining restaurants, cafes, pharmacies, and professional services, emphasizing convenience and community-oriented retail. Positioned in a residential area with strong local demand, the plaza benefits from excellent accessibility via major avenues like Autopista de San Isidro, though traffic congestion during peak hours poses challenges. Market context reveals Santo Domingo&#39;s retail sector growing at 4-5% annually, driven by urban expansion, but faces headwinds from e-commerce penetration at 15% of sales and economic fluctuations. Leasing opportunities highlight modern infrastructure with energy-efficient designs and high occupancy rates estimated at 92%, supported by proximity to affluent households. Drawbacks include competition from larger regional malls like Blue Mall, which boast higher entertainment draws, and potential saturation in food and beverage categories. Rent levels range from US$20-25 per square meter monthly, inclusive of common area maintenance, making it viable for mid-tier retailers seeking stable traffic without premium pricing pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Starbucks, Casa Cuesta Electro&quot;,&quot;distance&quot;:19.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;6&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Nacional, Starbucks, Casa Cuesta Electro&quot;}},{&quot;id&quot;:8024,&quot;slug&quot;:&quot;centro-comercial-las-americas-santo-domingo&quot;,&quot;name&quot;:&quot;Centro Comercial Las Americas&quot;,&quot;lat&quot;:&quot;18.4861345&quot;,&quot;lng&quot;:&quot;-69.9312185&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Las Americas, located in the central Polígono Central area of Santo Domingo, Dominican Republic, functions as a neighborhood shopping plaza serving local residents with everyday retail needs. Spanning approximately 10,000 square meters, it features a mix of around 20-30 tenants, including local apparel stores, accessory shops like BB Kings, service providers such as banks and offices, and basic food outlets. The property emphasizes convenience over luxury, with no major anchor tenants like supermarkets but proximity to residential and business districts. Market position is mid-tier, targeting middle-class families in an urban setting with high density and land values above city averages. Footfall averages 5,000-7,000 daily on weekdays and up to 15,000 on weekends, based on similar central plazas per 2023 real estate reports. Occupancy hovers around 85-90%, reflecting steady local demand but challenged by nearby larger malls. Rent levels range from $15 to $25 per square meter monthly, competitive for small-format retail but lower than premium centers. Accessibility is strong via major avenues like John F. Kennedy and Abraham Lincoln, though traffic congestion poses risks. Tenant mix includes 40% services, 30% apparel and accessories, 20% food, and 10% miscellaneous, supporting quick visits rather than extended stays. Demographic profile draws from surrounding neighborhoods like Piantini and Naco, with 60% of visitors aged 25-50, families with children, and professionals seeking affordable options. Operational quality is adequate with standard maintenance, but aging infrastructure in some areas may require updates. Leasing advantages include flexible terms for small retailers and low entry barriers, ideal for local brands. Drawbacks encompass limited entertainment options, leading to shorter dwell times, and competition from saturated market with over 15 retail centers within 10 km. Overall, it offers stable performance for value-oriented lessees but limited growth potential due to scale and category weaknesses in luxury or experiential retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santo Domingo&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, banks&quot;,&quot;distance&quot;:17.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, banks&quot;}}]}" data-map-update-url-value="/malls/oeste-plaza" id="mall-map-wrapper"><div data-city="Santo Domingo Oeste" data-current-mall="true" data-id="oeste-plaza" data-lat="18.5267415" data-lng="-69.7736775" data-map-target="mall" data-name="Oeste Plaza" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">30 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">500,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.2</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">9,000 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">65 Index (US=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">7,500 USD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">123 USD per capita</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">2,000 USD per capita</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">200 USD per capita</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">1,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">1.5 Hours</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">5,000 USD per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">50 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls per 100k people</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">20,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">2 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">35 USD per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">75.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Comprehensive</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">12 Events per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">40.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">10 Tenants</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">nan</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>