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Shops at Caguas

Shops at Caguas
Shops at Caguas logo
Map
LocationCaguas, Puerto Rico
Coordinates18°14′13″N 66°02′24″W / 18.23694°N 66.03997°W / 18.23694; -66.03997
Address400 Betances Ave
Opening date4 December 1997
DeveloperManley Berenson, Yebba Realty Ventures
OwnerUrban Edge Properties[1]
No. of stores and services97
No. of anchor tenants3
Total retail floor area500,000 sq ft (46,000 m2)[2]
No. of floors1 (possibly 2 in the future Ross Stores)
Parking+3,000
Websitewww.lascatalinasmall.com

Shops at Caguas, formerly known as Las Catalinas Mall, is an enclosed shopping mall located in Caguas, Puerto Rico. The mall opened in 1997, and is currently anchored by a Sector Sixty6 entertainment center which takes up the space of a previous Big Kmart, a Forever 21 junior anchor store, and a Ross Dress for Less which is scheduled to open in 2025 in the former Sears store at the mall which closed their doors in February 2021,[3] The Shops at Caguas are home to the first "large premium format" movie theater in Puerto Rico (and second in the Caribbean region, at the time of its opening), currently owned and managed by Caribbean Cinemas.[4]

History

Origins

The mall's previous name of Las Catalinas is an homage to the 19th century, when the current shopping center property was the site of a sugarcane plantation, Hacienda Santa Catalina. In addition to sugar production, and left with copious amounts of leftover post-processing sugarcane, Hacienda Santa Catalina also produced rum, as well as cultivated many fruits.[5]

1990s-2000s

In April 1997, Vornado Realty Trust announced that it would acquire Kmart's 50% interest in the then-Caguas Centrum, as the center was previously known, which was currently under construction. The name of the mall would then be changed to Las Catalinas.[6]

On December 4, 1997, after development by Manley Berenson and Yebba Realty Ventures, Las Catalinas Mall officially opened with 80 stores and 3,000 parking spaces. It was anchored at the time by a Kmart Super Center and a Sears department store. It also featured a food court, “El Trapiche.” The mall was built with the purpose to serve the surrounding communities, but its variety of businesses lead it to become a regionally popular destination.[7][8]

On November 4, 1998, Vornado Realty Trust bought Kmart's 50% interest in the mall, forming a joint ownership between Vornado and Yebba Realty Ventures. In addition, Vornado acquired 75% and Yebba Realty Ventures acquired 25% of Kmart's anchor store. Vornado's total purchase price was about $38 million.[9]

By the year 2000, the successful mall had over 100[10] tenants, including many popular businesses of American origin, such as 5-7-9, Afterthoughts, Claire's Boutique, Electronics Boutique, Footaction, Hallmark, KB Toys, Payless ShoeSource, RadioShack, Zales, and many others. The food court and restaurant options included El Mesón, Hot Potato, Howard Johnson's, KFC, Quiznos, Taco Bell, Wetzel's Pretzels, and more.[11][12]

Also in the early 2000s, additional land was developed to open The Home Depot home improvement store and a Caribbean Cinemas theater. These additions complimented the mall's variety, and would help to enhance the status of Las Catalinas as a top regional shopping destination.[13]

In December 2001, Amigo Supermarkets announced that they would be opening a location at the mall by summer 2002.[14]

On September 23, 2002, Vornado Realty Trust increased its interest in Las Catalinas to 100% by acquiring the other 50% of the mall from Yebba Realty Ventures and the 25% from the Kmart anchor store. The purchase price was approximately $48 million.[15]

2010s-present

In 2010, an Adidas store and an iShop opened stores in the mall.

In April 2012, it was announced that Best Buy, which was located on the premises of the mall, would be closing by mid-May 2012.[16]

In January 2015, Vornado Realty Trust announced they would subsume some of their properties, including Las Catalinas, into a new company, Urban Edge Properties.[17]

In July 2015, Sears Holdings reconfigured 235 of their properties, including the store at Las Catalinas, into Seritage Growth Properties.[18]

In July 2015, a 13,773²-foot Forever 21 clothing store opened at the mall, the chain's fifth store on the island, at the time.[19]

On November 8, 2018, Sears Holdings announced that Kmart would be closing as part of a company-wide plan to shutter around 40 stores in the U.S. and P.R. The store officially closed on January 31, 2019.[20]

On December 28, 2020, it was announced that Sears would also be closing in February 2021 as part of a company-wide plan to close 23 stores nationwide, leaving the mall temporarily with no anchor tenants.[21]

In February 2021, it was announced that a 22,000²-foot Coast Guard Exchange (CGX) would be opening in the former Office Depot space at the mall, scheduled to open by summer of that year.[22]

In August 2021, it was announced that a Sector Sixty6 Entertainment Center and a Golden Corral restaurant would replace the former Kmart store. They were expected to open by 2022, but were delayed until summer 2023.[23]

In August 2022, a 1,916²-foot Tous store opened at the mall.[24]

In June 2023, it was announced that both a 2,109²-foot Hot Topic store, and a 5,520²-foot Puma store would be coming to the mall. Hot Topic would open that month, being the chains 7th store on the island.[25]

On August 21, 2023, the Golden Corral restaurant would open to much fanfare.[26]

On October 25, 2023, Sector Sixty6, an entertainment center, taking up the space of the former Kmart at the mall, would officially debut at a cost of $22 million.[27][28]

On November 9, 2023, it was announced by Urban Edge Properties (owners of Las Catalinas Mall) that, after 26 years, the center would be changing its name to the Shops@Caguas (the Shops at Caguas).[29]

On December of 2023, the Amigo Supermarkets location at the mall suffered a small fire. No one was injured.[30]

On May 2, 2024, it was reported that Ross Dress for Less would officially be opening at the mall, taking over the former space of the Sears store which sat vacant since 2021. Plans for Ross to officially debut on the island are scheduled for the beginning of 2025.[31]

El Trapiche Food Court

Current Anchors

Outparcels

Former Anchors

Former Outparcels

References

  1. ^ "Urban Edge Properties Investor Presentation". sec.gov. Retrieved May 25, 2018.
  2. ^ "Las Catalinas Mall – Caguas, PR - Yebba Realty Ventures" (in Spanish).
  3. ^ "Sears and Kmart closing more stores. Is your location closing in 2021? See the updated closure list". USA Today.
  4. ^ "Inauguran hoy primera sala de cine de gran formato". 11 December 2014. Archived from the original on 24 September 2015. Retrieved 22 March 2015.
  5. ^ "Antigua Hacienda Santa Catalina" (PDF). caguas.gov.pr. 2019.
  6. ^ "Montehiedra Town Center & Las Catalinas Mall (Caguas Centrum)". The Record. 1997-04-19. p. 11. Retrieved 2023-08-07.
  7. ^ "Las Catalinas Mall - Información General". 2011-05-10. Archived from the original on 2011-05-10. Retrieved 2023-08-07.
  8. ^ "Las Catalinas Mall". 2001-03-09. Archived from the original on 2001-03-09. Retrieved 2023-08-07.
  9. ^ "Press Releases | Vornado Realty Trust". Archived from the original on 2006-03-25.
  10. ^ "informacion". 1999-08-28. Archived from the original on 1999-08-28. Retrieved 2023-08-07.
  11. ^ "Listado de Tiendas". 2000-02-08. Archived from the original on 2000-02-08. Retrieved 2023-08-07.
  12. ^ "trapiche". 1999-08-28. Archived from the original on 1999-08-28. Retrieved 2023-08-07.
  13. ^ "Las Catalinas Mall". 2001-03-09. Archived from the original on 2001-03-09. Retrieved 2023-08-07.
  14. ^ "PUERTO RICO HERALD: Amigo To Invest $20 Million In Expansions". 2001-12-11. Archived from the original on 2001-12-11. Retrieved 2023-08-07.
  15. ^ "Press Releases | Vornado Realty Trust". Archived from the original on 2006-03-25.
  16. ^ "Best Buy closing Las Catalinas store in Caguas". News is My Business. 2012-04-14. Retrieved 2023-08-08.
  17. ^ "Vornado Announces Completion of Spin-Off of Urban Edge Properties". www.businesswire.com. 2015-01-15. Retrieved 2023-08-07.
  18. ^ Corporation, Sears Holdings. "Sears Holdings Completes Seritage Growth Properties Transaction". www.prnewswire.com (Press release). Retrieved 2023-08-07.
  19. ^ Staff, Caribbean Journal (2015-07-26). "Forever 21 Expands in Puerto Rico". Caribbean Journal. Retrieved 2023-08-07.
  20. ^ "Another 40 Sears, Kmart stores closing: See a list and map". USA Today.
  21. ^ "Sears and Kmart closing more stores. Is your location closing in 2021? See the updated closure list". USA Today.
  22. ^ "3rd Coast Guard Exchange store to open in Caguas". News is My Business. 2021-02-19. Retrieved 2023-08-07.
  23. ^ "Urban Edge properties opening Sector Sixty6, Golden Corral at las Catalinas Mall". 4 August 2021.
  24. ^ "TOUS abre nueva tienda en Las Catalinas Mall en Caguas". inpuertoricomagazine (in Spanish). 2022-08-18. Retrieved 2023-08-07.
  25. ^ "Puma, Hot Topic to open stores at Las Catalinas Mall". News is My Business. 2023-06-06. Retrieved 2023-08-07.
  26. ^ "🤩🎉 ¡Caguas! 🎉🤩 ¿Aún no nos... - Golden Corral Puerto Rico". www.facebook.com. Retrieved 2023-08-23.
  27. ^ "Así será el centro de entretenimiento Sector Sixty6 en Caguas que ya tiene fecha de apertura". El Nuevo Día (in Spanish). 2023-10-02. Retrieved 2023-10-27.
  28. ^ "¡HOY es el día! Sector Sixty6 ya está ABIERTO". m.facebook.com. 25 October 2023. Retrieved 2023-10-27.
  29. ^ "Las Catalinas Mall cambia de nombre". Primera Hora (in Spanish). 2023-11-09. Retrieved 2023-11-09.
  30. ^ "Se incendia supermercado en Caguas". 23 December 2023.
  31. ^ NotiUno.com (2024-05-02). "Ross se aproxima a abrir tiendas en Puerto Rico". UNO Radio Group. Retrieved 2024-05-02.
  32. ^ "3rd Coast Guard Exchange store to open in Caguas". News is my Business. 2021-02-21. Retrieved 2021-04-10.
Quelle: https://en.wikipedia.org/wiki/Las_Catalinas_Mall