The mall operators also said foot traffic to the center is up 20 percent year-over-year.
Taubman Centers Inc., owners of a 95 percent stake at The Mall of San Juan, warned in its 2017 annual report that it may not fully recover the losses related to Hurricane María, and anticipated that if a major tenant or anchor store does not reopen, others may follow.
Luxury retailer Saks Fifth Avenue agreed to provide the San Juan Superior Court a “non-binding reopening target date” of its store at The Mall of San Juan by Dec. 29, this media outlet learned.
Saks 5th Ave., one of The Mall of San Juan’s two anchor tenants, expects to reopen the store that was devastated by Hurricane María on Sept. 20, but the specific date of when that will happen is still undetermined.
Taubman Centers Inc., owners of The Mall of San Juan, announced the shopping center will reopen at 11 a.m. Oct. 19. The center has been closed since Sept. 19 due to the impact of Hurricane María.
Sophie's at Saks Fifth Avenue, a luxury restaurant with a varied contemporary menu, recently opened its doors within the newly inaugurated Saks Fifth Avenue store at the Mall of San Juan.
High-ranking executives from Taubman and New Century Development, Inc. — developers of the $475 million The Mall of San Juan retail complex — will be on hand today to offer a sneak peek of the property to members of the media, a day before it officially opens for business.
The two anchor tenants at The Mall of San Juan, Saks Fifth Avenue and Nordstrom, offered a sneak peek on Monday into their first stores in Puerto Rico, both representing the lap of retail luxury.
Saks Fifth Avenue, which is opening its first store in Puerto Rico and the 39th in its chain at The Mall of San Juan on Mar. 26, will be launching a special social media campaign entitled “La Gran Entrada” (“The Grand Entrance”), to celebrate the “vibrant spirit and aspirational essence of Saks’ new home.”
Taubman Centers and New Century Development Corp. announced Tuesday that $400 million The Mall of San Juan upscale retail project will have its grand opening in two years, on March 26, 2015.
Taubman Centers, Inc. announced Thursday that construction will begin this summer on the $405 million, 640,000-square-foot luxury shopping center formerly known as Plaza Internacional, now re-named The Mall of San Juan, located just off the Teodoro Moscoso Bridge in San Juan.
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