Project Size: 671,278 sq. ft.
Details: Opened: 1992
Acquired: 2005
Plaza del Norte is a 671,278 square foot regional enclosed mall located on Highway 2 approximately 40 miles west of San Juan, in Hatillo, along Puerto Rico's north coast.
Plaza del Norte, which is anchored by JCPenney, OfficeMax, Sears, Toys "R" Us and Walmart, is the dominant shopping center in the trade area due to its size and prominent location. The tenant mix within the balance of the center features a food court, restaurants and a selection of specailty stores including: 5-7-9, Aeropostale, Carter's, Champs Sports, Ego Vanity Shoes, Gordon's Jewelers, Foot Locker, La Gran Via, KB Importadora, Kress, Marianne/Marianne Plus, Motherhood Maternity, Pacific Sunwear, Payless ShoeSource, RadioShack, Sunglass Hut, The Children's Place, The Room, Traffic Shoes and Zales Jewelers, which all combine to generate very strong sales results.
Within ten miles of the shopping center, more than 174,140 people reside with an average household income in excess of $30,400. However, the shopping center's trade area demographics are somewhat skewed due to Plaza del Norte's close proximity to the island's north coast.
Plaza del Norte is located less than one mile west of Plaza del Atlántico, a 224,908 square foot enclosed mall, which is also owned by Developers Diversified, further ensuring Developers Diversified's dominance in the trade area.