$350M mega-development complex slated for Guaynabo
A trio of public and private sector development projects — a housing development, a new connector road and office complexes, apartments, and additional stores — are in the pipeline for the town of Guaynabo at a cost of $350 million, Gov. Alejandro García-Padilla announced Wednesday.
The first project to break ground in two weeks is the $32.5 million Las Ramblas at Downtown Guaynabo urbanization, which comprises 180 single-family homes to be sold starting at $229,000. This housing development project will create 500 jobs during the construction phase and will “positively contribute to the offer of accessible housing in the metropolitan area,” García-Padilla said during a news conference held at Brito Development Co., the developer behind the ventures.
Also planned its the Los Filtros connector road, which will ease traffic between PR-177 (known as Los Filtros Avenue) and PR-199 (Avenida Las Cumbres), through a 1.2-kilometer stretch that will also link Route 833. Close to 17,000 drivers cross that intersection during the work week. The public-private partnership project entails a $25 million investment, $21 million of which was put up by the Guaynabo municipal government, while Brito Development contributed the majority of the land where the road will be laid down, as well as the design and permits.
Several public agencies will be involved in the infrastructure project, namely the Puerto Rico Electric Power Authority, the Highway and Transportation Authority, the Department of Transportation and Public Works, the Permits Management Office and the Government Development Bank, the governor said.
“Above anything else, the Los Filtros connector will have a multiplier effect, allowing the development of several projects in the area, organizing and alleviating traffic near schools and rural areas such as the Canta Gallo route. But in the short term and in particular, it will make the Murano Town Center project in Guaynabo viable,” he said.
The Murano Town Center project will be developed on a 50-acre plot where structures will be built for retail activity, offices, several condominiums, a 350-room hotel and a convention center. Project developers Brito Development Company and Robinson Green Beretta Group estimate it will take between eight and 10 years to complete and will generate 5,819 jobs during the construction process and 3,646 permanent jobs once it is fully operational.