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Plaza San Felipe, also known as Centro Comercial Portal de San Felipe, is a mid-sized retail center in Cartagena, Colombia, located near the historic Castillo de San Felipe de Barajas, providing appealing bay views from its rooftop terrace. Constructed in 2010, it spans 15,000 square meters of gross leasable area across two levels and hosts 40 to 84 stores, anchored by Olímpica Superalmacén supermarket and Frisby restaurant.
Tenant mix focuses on everyday retail (40 percent of visitors), casual dining (35 percent), and home goods (25 percent), complemented by a modest food court, cinema, and bowling alley. Annual footfall reaches 500,000, or 50,000 monthly, with average 45-minute visits and 25 percent repeat customers. The property offers solid accessibility via direct roads, high-quality infrastructure, and 252 to 300 parking spots, drawing from a 5 km radius of 1.2 million people (average age 32, household size 3.1).
Cartagena's market context includes a 950,000 population growing at 1.8 percent annually, with 68 percent aged 15-64, supporting tourism-driven retail. Leasing terms feature average rents of 50 USD per square meter monthly, 5 percent yearly growth outlook, and quarterly events for promotion. Advantages encompass prime tourist proximity enhancing visibility and stable traffic, alongside digital integration at 30 percent.
Drawbacks involve limited scale restricting category diversity, medium security via CCTV and guards, and unmet demands for trendy fashion, sustainable products, family amenities, and varied cuisine, amid risks from nearby competition saturating basic segments.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile and Footfall
Within a 5 km radius, 1.2 million residents average 32 years old with 3.1 person households, mirroring Cartagena's 950,000 population, 1.8 percent growth, 24 percent under 15, and 68 percent working-age. Footfall metrics indicate 50,000 monthly visitors and 500,000 annually, bolstered by tourist influx near San Felipe Castle, though small size may cap peak performance; 25 percent repeat rate suggests moderate loyalty, with 45-minute dwells aiding sales potential but exposing risks from seasonal tourism fluctuations.
Tenant Mix and Operational Quality
Anchor tenants like Olímpica Superalmacén and Frisby anchor a mix geared toward 40 percent shopping, 35 percent dining, and 25 percent home decor interests, yet consumer feedback highlights gaps in streetwear, sustainable brands, international foods, and family features. Operations include medium security with CCTV and guards, high digital trends at 30 percent e-commerce linkage, and quarterly marketing events; built in 2010, infrastructure remains functional but could face aging issues, impacting long-term appeal in a market favoring modernized venues.
Competition and Leasing Considerations
Medium competition density of 3 malls per square kilometer, including larger rivals like Caribe Plaza and Mallplaza Cartagena, heightens saturation risks in core retail and dining, potentially pressuring unspecified occupancy rates. Rents at 50 USD per square meter monthly provide entry-level affordability with 5 percent growth projection, but tenants should assess category fit amid access advantages from tourist location versus challenges like traffic and limited expansion space in this niche historic-area property.
Building Details
Detailed Market Analytics
City Snapshot
Cartagena
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City Snapshot
Cartagena
Comprehensive market intelligence for retail expansion in this city
