Project Size: 224,908 sq. ft.
Details: Opened: 1980
Acquired: 2005
Plaza del Atlántico is a 224,908 square foot enclosed mall located on Highway 2 in Arecibo, approximately 40 miles west of San Juan, along Puerto Rico's picturesque north coast.
Plaza del Atlántico is anchored by Big Kmart and Capri. The tenant mix within the mall includes a strong selection of national, regional and local retailers including Bakers, Claires, Diane & Geordi, Donato, Footlocker, Gamestop, 5-7-9, Gordons, Kress/Kress Kids, Me Salve, Payless ShoeSource, Pearle Vision and RadioShack.
Although the demographics are somewhat skewed by the shopping center's close proximity to the Atlantic Ocean, Plaza del Atlántico serves a growing trade area of more than 198,800 with average household incomes in excess of $33,700.
Plaza del Atlántico is located less than one mile east of Plaza del Norte, a 671,278 square foot regional enclosed mall, which is also owned by Developers Diversified. There is very little competition for these shopping centers in the market thereby ensuring Developers Diversified Realty's dominant position in the trade area.