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.
The Puerto Rico Planning Board gave the go-ahead to more than $3.1 billion in location permits for residential and tourism-related development projects that are expected to generate more than 35,000 jobs and boost the economy, agency chief Rubén Flores- Marzán said Monday.
Contractor Alejandro Brito, who for the next two years is presiding the Puerto Rico Homebuilders Association, applauded the Gov. Luis Fortuño administration’s decision Tuesday to extend the housing incentive program he said has been “totally effective” through the end of 2012.
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