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Wal-Mart negotiates for Ponce, Guayama sites.
Wal-Mart negotiates for Ponce, Guayama sites
Wal-Mart, the largest U.S. retailer, is in the last stage of negotiations to purchase a 60-cuerda site (one cuerda equals 0.97 acre) at the Old Comandante race track in Carolina, where the Arkansas-based retail giant is allegedly planning to build the largest shopping center in the Caribbean, outdistancing even Plaza Las Americas with its 1.4 million square feet.
According to a retail industry executive, Wal-Mart's negotiations with Land Development Associates, the owner of the Carolina site, will be completed in the next few weeks. The total cost of the land is expected to run from $9 million to $12 million. The …
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Magazine article from: Caribbean Business
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News wire article from: Knight Ridder/Tribune Business News
January 13, 2005
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