Taubman Announces Construction To Begin On The Mall of San Juan

Taubman Centers, Inc.

today announced that construction will begin this summer on an approximately 640,000-square-foot shopping center in San Juan, Puerto Rico. Formerly known as Plaza Internacional, The Mall of San Juan will be a state-of-the-art, two-level, enclosed mall featuring a 138,000-square-foot Nordstrom and a 100,000-square-foot Saks Fifth Avenue. It will be the first upscale mall on the island and the first and only location in Puerto Rico for both Nordstrom and Saks. It is anticipated that the project will also include a Crowne Plaza hotel and casino, developed by the current land owner, New Century Development, Inc. The $405-million shopping center will include more than 100 specialty stores and restaurants, approximately 60 percent of which are anticipated to be new to the island.