Constructora Sambil, the Venezuelan developer behind the proposed $400 million mega-shopping center in Guaynabo, is hopeful it will be able to break ground on the project this year after the Puerto Rico Supreme Court denied a motion for reconsideration presented by Plaza Las Américas that sought to paralyze the mall’s construction.
Puerto Rico is lacking one fundamental element necessary for the retail industry to grow and welcome new players: move-in ready spaces large enough to fit the “big box” chains, Michael Kercheval, president of the International Council of Shopping Centers Inc. told News is my Business Monday.
Veteran hotelier Raúl Bustamante has been named chairman of the Puerto Rico Convention Bureau’s board of directors, the trade group announced Monday. Gov. Luis Fortuño, who had appointed Bustamante as member of the board in August 2011, designated him to the new post.
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