<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="18.4224" data-lng="-66.1629" data-map-catchment-data-value="{&quot;lat&quot;:&quot;18.4224&quot;,&quot;lng&quot;:&quot;-66.1629&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:183456}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;Bayamón Municipality Square Kilometers&quot;,&quot;description&quot;:&quot;Primary area covering Bayamón, estimated 10-km radius around the mall&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;San Juan Metro Area Square Kilometers&quot;,&quot;description&quot;:&quot;Secondary area including nearby municipalities like Toa Baja and Guaynabo&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;183,456 People&quot;,&quot;description&quot;:&quot;Population of Bayamón in 2023, serving as primary catchment base&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;-0.5&quot;,&quot;description&quot;:&quot;Annual growth rate for Bayamón, reflecting Puerto Rico&#39;s overall decline&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;44.1 Years&quot;,&quot;description&quot;:&quot;Median age of residents in Bayamón&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.6 Persons&quot;,&quot;description&quot;:&quot;Average household size in Bayamón based on census data&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;22.0&quot;,&quot;description&quot;:&quot;Percentage of population aged 25+ with bachelor&#39;s degree or higher in Bayamón&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$30,729 USD&quot;,&quot;description&quot;:&quot;Median household income in Bayamón for 2023&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;8.2&quot;,&quot;description&quot;:&quot;Unemployment rate in Puerto Rico for 2023, applicable to Bayamón area&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;67.0 Index&quot;,&quot;description&quot;:&quot;Numbeo cost of living index for Puerto Rico in 2023 (US=100)&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$4,800 USD&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Puerto Rico, derived from total consumer spending&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;$450 USD&quot;,&quot;description&quot;:&quot;Annual per capita spending on apparel in Puerto Rico, based on market forecasts&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;$3,200 USD&quot;,&quot;description&quot;:&quot;Annual per capita spending on groceries in Puerto Rico, from economic reports&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;$350 USD&quot;,&quot;description&quot;:&quot;Annual per capita spending on electronics in Puerto Rico, estimated from retail data&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;2,500,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors to Plaza Río Hondo, based on similar PR malls&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average dwell time for shoppers in Puerto Rican malls&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$4,500 USD&quot;,&quot;description&quot;:&quot;Annual sales per square meter, estimated for mid-tier PR malls&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;90 Stores&quot;,&quot;description&quot;:&quot;Total number of stores and services in Plaza Río Hondo&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Presence of anchors like Marshalls, TJ Maxx, Best Buy&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls per 100k pop&quot;,&quot;description&quot;:&quot;Density of competing malls in Bayamón area, e.g., Plaza del Sol&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, electronics, beauty, and food&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Includes unique local and international brands&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;32,516 sqm&quot;,&quot;description&quot;:&quot;Total GLA of Plaza Río Hondo, including anchors and inline spaces&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Number of shopping levels in the mall&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$22 USD&quot;,&quot;description&quot;:&quot;Annual average rent per square meter for retail space in PR malls&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;19.0&quot;,&quot;description&quot;:&quot;Current vacancy rate at Plaza Río Hondo (81% occupied)&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Standard 5-10 year leases with some flexibility for renewals&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;1,394&quot;,&quot;description&quot;:&quot;Estimated available space from lease plans&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct access to PR-22 Meters&quot;,&quot;description&quot;:&quot;Fronts directly on PR-22 highway&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Accessible via AMA bus lines in Bayamón&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;2,000 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking capacity for the mall&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Moderate Qualitative&quot;,&quot;description&quot;:&quot;Good pedestrian access 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 Qualitative&quot;,&quot;description&quot;:&quot;Strong online retail with $676M annual spending in PR&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Adoption rate of click-and-collect in PR retail&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;85.0&quot;,&quot;description&quot;:&quot;Internet penetration rate in Puerto Rico for 2023&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Medium-High Qualitative&quot;,&quot;description&quot;:&quot;Higher than US average, focused on theft in PR malls&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Guards, Cameras Qualitative&quot;,&quot;description&quot;:&quot;On-site security guards and surveillance systems&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple annually Events&quot;,&quot;description&quot;:&quot;Regular events like sales and holiday promotions&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Estimated participation in mall loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Digital signage used for promotions in common areas&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;2.0&quot;,&quot;description&quot;:&quot;Annual projected growth in foot traffic for PR malls&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Qualitative&quot;,&quot;description&quot;:&quot;Spaces available for new tenants like fashion and food&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Renovations planned Qualitative&quot;,&quot;description&quot;:&quot;Focus on makeovers and tenant mix improvements&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:8759,&quot;slug&quot;:&quot;plaza-del-parque-2&quot;,&quot;name&quot;:&quot;Plaza Del Parque&quot;,&quot;lat&quot;:&quot;18.40738&quot;,&quot;lng&quot;:&quot;-66.1628&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza del Parque is an open-air shopping center located at 1500 Avenida Comerio in Bayamon, Puerto Rico, a city with a population of approximately 185,000 residents and part of the San Juan metropolitan area. The property serves as a neighborhood retail destination, offering convenience-oriented shopping in a suburban setting. It features a mix of small to medium-sized tenants, including Party City for party supplies, Crumbl Cookies for gourmet desserts, Pasta to Go for Italian cuisine, and Yogen Fruz for frozen yogurt, alongside other local services and eateries. The center benefits from proximity to major roadways like PR-167 and PR-885, providing good accessibility with daily traffic volumes exceeding 18,000 vehicles on nearby routes. Bayamon&#39;s demographic profile includes a median household income of around $25,000, a median age of 42, and a diverse population with strong family-oriented households, supporting steady local demand for everyday retail. Occupancy levels in similar Bayamon centers average 90-95%, though specific data for Plaza del Parque indicates stable tenancy without major vacancies reported recently. Rent levels in Puerto Rican neighborhood centers typically range from $20 to $35 per square foot annually, influenced by the post-hurricane recovery and economic stabilization. Leasing advantages include flexible space configurations from 1,000 to 5,000 square feet, short-term options, and lower operational costs compared to enclosed malls. However, the property faces challenges from nearby larger competitors like Plaza del Sol, a 728,000-square-foot regional mall with 96% occupancy and anchors such as Walmart and H\u0026M, which draw regional footfall. Puerto Rico&#39;s retail market saw a 5% year-over-year sales increase in 2023, driven by tourism rebound and consumer spending, but saturation in convenience categories poses risks. Overall, Plaza del Parque suits retailers targeting local, budget-conscious shoppers seeking quick-service and specialty items, with potential for growth in food and entertainment segments amid improving economic indicators.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Wendy&#39;s, First Bank, T-Mobile&quot;,&quot;distance&quot;:1.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;743&quot;,&quot;anchor_tenants&quot;:&quot;Wendy&#39;s, First Bank, T-Mobile&quot;}},{&quot;id&quot;:8889,&quot;slug&quot;:&quot;centro-comercial-plaza-del-sol-norte&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Sol Norte&quot;,&quot;lat&quot;:&quot;18.4061&quot;,&quot;lng&quot;:&quot;-66.163&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza Del Sol Norte, located in Bayamón, Puerto Rico, is a regional shopping center spanning approximately 728,000 square feet, established in 1998. Situated in the metropolitan area near San Juan, it serves as a key retail hub for the local community in Bayamón, a suburb with a population of about 185,000. The mall&#39;s market position is mid-tier among Puerto Rican centers, benefiting from strong anchor tenants that drive consistent traffic. Anchor stores include Walmart, The Home Depot, H\u0026M, Burlington, Old Navy, Caribbean Cinemas, and Dave \u0026 Buster&#39;s, creating a diverse tenant mix focused on value-oriented retail, home improvement, fashion, and entertainment. The mix also features dining options in an upstairs food court and specialty stores for apparel, accessories, and services. Average monthly footfall stands at 416,666 visitors, translating to roughly 5 million annually, supported by its role as a community destination. Occupancy is reported at 96%, indicating stable operations above the island average for similar properties. Accessibility is favorable, with proximity to major highways like PR-2 and PR-167, facilitating easy access for residents within a 10-15 mile radius. Demographic profile includes middle to lower-middle income households, with median income around $25,000, a mix of families and young professionals, and a population density that supports everyday shopping needs. Leasing advantages encompass competitive rent levels of $24-50 per square foot annually, flexible space options from 1,000 to 10,000 square feet, and opportunities in high-traffic areas near anchors. However, retailers should consider Puerto Rico&#39;s economic challenges, including post-hurricane recovery and inflation impacts on consumer spending. The property&#39;s infrastructure, while functional, dates back over 25 years, potentially requiring updates for modern retail standards. Overall, it offers balanced potential for value-driven retailers targeting local demographics, though success depends on synergy with existing big-box and entertainment draws.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Walmart, Burlington, H\u0026M, Dave \u0026 Buster&#39;s, The Home Depot&quot;,&quot;distance&quot;:1.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;130&quot;,&quot;gla_sqm&quot;:&quot;67684&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Walmart, Burlington, H\u0026M, Dave \u0026 Buster&#39;s, The Home Depot&quot;}},{&quot;id&quot;:8752,&quot;slug&quot;:&quot;plaza-del-sol-7&quot;,&quot;name&quot;:&quot;Plaza Del Sol&quot;,&quot;lat&quot;:&quot;18.4061&quot;,&quot;lng&quot;:&quot;-66.1636&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza del Sol is a 728,546 square foot regional mall in Bayamón, Puerto Rico, part of the San Juan metro area. Opened in 1998 and owned by Curzon Puerto Rico since 2023, it spans two levels with over 150 stores, anchored by Walmart, The Home Depot, H\u0026M, Burlington, Dave and Buster&#39;s, and a 14-screen Caribbean Cinemas. Tenant mix balances big-box retailers, fashion outlets like Old Navy, entertainment, and dining in the upstairs food court. Historical data shows 1 million monthly visitors and strong sales performance, with food court at $1,074 per sq ft in 2003. Current occupancy stands at approximately 96%, supported by recent tenant changes including Burlington opening in 2024 after Bed Bath and Beyond closure. Located on PR-29 West Main Avenue, it offers good accessibility via highways to a trade area of 500,000+ residents within 10 miles, featuring middle-income families (median household income around $25,000) and a diverse Hispanic demographic. Leasing advantages include competitive rents of $24-50 per sq ft annually, high footfall from local shoppers, and strategic positioning as a community hub. However, market challenges encompass competition from larger venues like Plaza Las Américas, Puerto Ricos economic recovery post-Hurricane Maria, potential infrastructure aging despite 2011 renovations, and retail category saturation in apparel and home goods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Home Depot, Caribbean Cinemas, H\u0026M, Burlington, Dave \u0026 Buster&#39;s&quot;,&quot;distance&quot;:1.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;67684&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Home Depot, Caribbean Cinemas, H\u0026M, Burlington, Dave \u0026 Buster&#39;s&quot;}},{&quot;id&quot;:8885,&quot;slug&quot;:&quot;centro-comercial-plaza-rio-hondo&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Rio Hondo&quot;,&quot;lat&quot;:&quot;18.423056&quot;,&quot;lng&quot;:&quot;-66.161389&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza Rio Hondo in Bayamón, Puerto Rico, is a 350,000 square foot two-level shopping center opened in 1982, featuring approximately 90 stores across fashion, electronics, beauty, jewelry, dining, and services. Anchors include Marshalls Megastore, TJ Maxx, Best Buy, Caribbean Cinemas, Pueblo Supermarket, Chilis Grill and Bar, Golden Corral, Walgreens, and PetSmart. Tenant mix supports value-oriented retail with 40 percent of visitors for shopping, 35 percent for dining, and 25 percent for home decor. Occupancy rate is 92 percent with 8 percent vacancy, consistent with Puerto Ricos retail market vacancy of 6.5 percent in early 2025, where total space exceeds 50 million square feet driven by local consumption. The property offers direct access from PR-22 highway, 2,500 parking spaces, and serves a 10 kilometer radius of 500,000 residents with average age 44.1 years, household size 2.72, and income around 30,729 USD. Monthly footfall reaches 333,333 visitors with 90-minute average dwell time. Leasing advantages encompass competitive rates near 24 USD per square foot annually, medium competition, 3 percent growth potential, and marketing events. Drawbacks involve aging infrastructure, post-Hurricane Maria store reductions, and needs for family amenities and diverse dining options.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Marshalls Megastore, Caribbean Cinemas, TJ Maxx, Best Buy, Golden Corral, Pueblo Supermarkets, Chili&#39;s Grill \u0026 Bar, Walgreens, PetSmart&quot;,&quot;distance&quot;:0.18,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;90&quot;,&quot;gla_sqm&quot;:&quot;51551&quot;,&quot;anchor_tenants&quot;:&quot;Marshalls Megastore, Caribbean Cinemas, TJ Maxx, Best Buy, Golden Corral, Pueblo Supermarkets, Chili&#39;s Grill \u0026 Bar, Walgreens, PetSmart&quot;}},{&quot;id&quot;:8764,&quot;slug&quot;:&quot;centro-comercial-los-filtros&quot;,&quot;name&quot;:&quot;Centro Comercial Los Filtros&quot;,&quot;lat&quot;:&quot;18.38405&quot;,&quot;lng&quot;:&quot;-66.14086&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Los Filtros is a neighborhood shopping center located at PR-177 KM 2.0 in Bayamón, Puerto Rico, spanning 107,000 square feet of gross leasable area with over 450 parking spaces in Phase 1. Opened in early 2021 with a $20 million investment, it targets local residents from adjacent urbanizations and commuters along the busy PR-177 corridor, benefiting from proximity to Costco and high daily traffic volumes. The tenant mix focuses on essential retail and services, anchored by Supermax supermarket, which drives consistent footfall for daily shopping needs. Other occupants include Planet Fitness for fitness enthusiasts, dual pharmacies (Borinquen and Me Salve) for healthcare, quick-service restaurants like Chick-fil-A, McDonald\&quot;s, and Marco\&quot;s Pizza, beauty suppliers such as Sally Beauty and Cosmo Prof, financial services via Money Express, and specialty stores like Global Mattress and Hornofino clothing. This configuration supports convenience-oriented leasing, appealing to retailers serving middle-income households. In the broader Puerto Rico retail market as of 2025, the sector shows strength with 50 million square feet of space and a low 6.5% vacancy rate, though neighborhood centers like Los Filtros outperform traditional malls amid shifting consumer preferences toward accessible, everyday destinations. Leasing advantages include competitive rent levels estimated at $18-25 per square foot annually, based on regional averages for strip centers, and potential for Phase 2 expansion adding more space. However, challenges arise from Bayamón\&quot;s saturated retail landscape with over 15 competing plazas, including nearby Plaza Río Hondo and larger venues like Bayamón Central Park, which could dilute traffic. Accessibility via PR-177 provides good visibility but exposes the site to congestion risks during peak hours, while public transit options like nearby bus stops and the Tren Urbano station in Torrimar enhance reach for non-drivers. Overall, the property positions well for stable, low-risk operations in a family-dense area, but tenants should assess category-specific saturation in groceries and fast food.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Super Max; Planet Fitness; Chick-fil-A; McDonald&#39;s&quot;,&quot;distance&quot;:4.86,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;9943&quot;,&quot;anchor_tenants&quot;:&quot;Super Max; Planet Fitness; Chick-fil-A; McDonald&#39;s&quot;}},{&quot;id&quot;:8886,&quot;slug&quot;:&quot;centro-comercial-plaza-del-parque&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Parque&quot;,&quot;lat&quot;:&quot;18.4072&quot;,&quot;lng&quot;:&quot;-66.1628&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Parque is an open-air shopping center located in Bayamón, Puerto Rico, at approximately Carr. #2 Km 15.5, Bo. Hato Tejas, and 1500 Avenida Comerío. It serves as a neighborhood retail destination with a gross leasable area estimated around 200,000 square feet, anchored by major retailers including Costco Wholesale, Sam&#39;s Club, and OfficeMax. The tenant mix includes a blend of national chains and local businesses such as Party City, Wendy&#39;s, Sizzler, T-Mobile, Yogen Fruz, Subway, Claro, and various services like salons, medical offices, and boutiques. This composition focuses on everyday essentials, dining, and convenience shopping, appealing to local families and commuters. Positioned in a densely populated suburban area near major highways PR-2 and PR-167, it benefits from good visibility and accessibility via public transportation and personal vehicles, with ample parking available. Bayamón&#39;s retail market remains robust, with Puerto Rico&#39;s overall retail vacancy at 6.5% in early 2025, reflecting steady demand driven by population recovery post-hurricanes and economic incentives. Leasing opportunities here offer stable footfall from the surrounding 245,000 residents within a three-mile radius, supported by anchors that generate consistent traffic. However, average rents in similar neighborhood centers range from $20 to $30 per square foot annually, influenced by location and tenant quality. Advantages include low competition from big-box formats in immediate vicinity and potential for cross-shopping, though broader market saturation in apparel and dining categories poses challenges. Operational quality is maintained through regular updates, but aging elements in Puerto Rico&#39;s retail infrastructure could require attention. Overall, it provides a practical option for retailers targeting middle-income households in a market with 5% year-over-year sales growth in 2023.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Sam&#39;s Club, Office Depot&quot;,&quot;distance&quot;:1.69,&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;Sam&#39;s Club, Office Depot&quot;}},{&quot;id&quot;:8868,&quot;slug&quot;:&quot;centro-comercial-plaza-del-recreo&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Del Recreo&quot;,&quot;lat&quot;:&quot;18.4&quot;,&quot;lng&quot;:&quot;-66.15&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza del Recreo is situated in the central Bayamón Pueblo district of Bayamón, Puerto Rico, serving as a lively public square enveloped by small-scale commercial spaces such as cafes, artisan stalls, and boutique shops. This open-air venue positions itself as a cultural and community focal point rather than a traditional enclosed mall, attracting consistent pedestrian traffic through events like festivals, markets, and performances. The tenant mix features independent operators specializing in local crafts, souvenirs, traditional Puerto Rican foods, and casual apparel, complemented by nearby dining options including coffee shops and tapas bars. With Bayamón&#39;s population exceeding 185,000, the area draws middle-income families and tourists seeking authentic experiences. Occupancy rates in adjacent commercial properties hover around 85-90%, supported by the plaza&#39;s role in daily community life. Rent levels for spaces around the plaza average $18-22 per square foot annually, lower than regional mall averages of $25-35, offering cost-effective entry for small retailers. Accessibility via public transportation to the town center enhances footfall, estimated at moderate levels of 5,000-10,000 daily visitors during peak events. Leasing advantages include direct community engagement and lower overheads, but drawbacks encompass exposure to weather and reliance on seasonal activities. The broader Puerto Rico retail market, per ICSC reports, shows stabilization with 92% occupancy island-wide, though open plazas face saturation in casual dining categories. Proximity to major roads and landmarks like the Bayamón City Hall bolsters visibility, while aging infrastructure in surrounding buildings poses minor maintenance risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bayamón&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Local Retailers&quot;,&quot;distance&quot;:2.84,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Local Retailers&quot;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/plaza-rio-hondo" id="mall-map-wrapper"><div data-city="Bayamón" data-current-mall="true" data-id="plaza-rio-hondo" data-lat="18.4224" data-lng="-66.1629" data-map-target="mall" data-name="Plaza Río Hondo" 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">Bayamón Municipality Square Kilometers</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">San Juan Metro Area Square Kilometers</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">183,456 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">-0.5</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">$30,729 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">8.2</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">67.0 Index</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">$4,800 USD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">$450 USD</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">$3,200 USD</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">$350 USD</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">2,500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$4,500 USD</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">90 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls per 100k pop</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Qualitative</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">32,516 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">$22 USD</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">19.0</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">Direct access to PR-22 Meters</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High Qualitative</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">2,000 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Moderate Qualitative</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 Qualitative</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">85.0</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">Medium-High Qualitative</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Guards, Cameras Qualitative</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">Multiple annually Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</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">2.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Qualitative</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Renovations planned Qualitative</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>