Las Vegas Taubman Centers, Bloomfield Hills, Mich., announced from the RECon convention that it received signed letters of intent from Nordstrom and Saks Fifth Avenue to anchor the planned Plaza Internacional shopping center in San Juan, Puerto Rico. This will be both fashion retailers’ first entry on the island.
Taubman and New Century Development of San Juan are partnering on the retail portion of the project, which is anticipated to include a hotel, casino and approximately 650,000 sq. ft. of mall shops and restaurants, including the two department stores.
“We are pleased to announce Nordstrom and Saks Fifth Avenue’s intent to anchor Plaza Internacional.” said Steve Kieras, Taubman senior VP development. “We believe their presence will solidify this project as the Caribbean’s preferred destination for high-end retail.”
“We’ve had the pleasure of serving residents of Puerto Rico at our mainland stores over the years,” said Erik Nordstrom, president of stores for Nordstrom. “We’re thrilled to open our first Nordstrom store in San Juan and look forward to being a part of this community.”
Steve Sadove, chairman and CEO of Saks, commented: “We look forward to delivering our unique, world-class selection of luxury brands and experiences to the residents of and visitors to the island.”
Plaza Internacional, located just minutes from the airport, will serve a trade area encompassing nearly two thirds of Puerto Rico’s four million people.