SAN JUAN - The Culture-ist

C a r i b b e a n
p r o p e r t y
G r o u p
L L C
SAN JUAN
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About
Pa s e o C a r i b e
Paseo Caribe is a one million square foot luxury mixed-use development featuring an unparalleled lifestyle retail shopping
destination and the three most prestigious residential condominium towers in San Juan. Paseo Caribe is situated at the
crossroads of Condado, Miramar, Old San Juan and the Puerto Rico Convention Center districts
A stunning mixed-use lifestyle retreat, Paseo Caribe boasts approximately 100,000 square feet of retail, dining and
entertainment space with breathtaking views of the ocean and San Juan
A spectacular waterfront plaza - The gathering place in San Juan for residents, hotel guests and tourists to bask in
unobscured ocean views and tropical ocean breezes which set the stage for an extraordinary dining and shopping
experience unlike any other in Puerto Rico
Extensive on-site parking options including a comprehensive valet program, and ample dedicated, secured and covered
parking spaces ensure easy access to all elements of Paseo Caribe
P r o j e c t L o cat i o n
AVENIDA MUÑOZ RIVERA
OLD SAN JUAN
38
Paseo Caribe is located approximately 2.5
miles from the center of the San Juan financial
district, less than 5 minutes from the Convention
District and Isla Grande Airport, and 15 minutes
from the Isla Verde hotels and the Luis Munoz
Marin International Airport
CALLE
SAN AQ
USTIN
PORT OF
SAN JUAN
Conveniently situated at the intersection of PR1, PR-25 and PR-26, visitors, shoppers and
residents can easily make their way to the site
through a multitude of transportation options
including public transportation, vehicular,
and pedestrian
Daily traffic counts in excess of 54,400 vehicles.
All traffic in and out of Old San Juan, San
Juan’s key attraction, passes directly in front of
Paseo Caribe
Just minutes from major San Juan tourists
hubs, the Convention Center, over 10,000
hotel rooms, and serving more than 4 million
visitors yearly
San
Juan
Bay
Bahia de
San Juan
ISLA GRANDE
AIRPORT
Surrounded by Puerto Rico’s most affluent
residential areas, including the upscale
neighborhoods of Miramar and Condado, the
Hato Rey “Golden Mile” financial district, and
the Convention District
ISLA
GRANDE
Geographically positioned to serve more
than 2.5 million residents representing twothirds of Puerto Rico’s total population, Paseo
Caribe is the gateway to an exceptional
lifestyle experience
MAPS©2013 SPIRECREATIVEGROUP.COM
TERCER
MILENIO
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ld
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Juan
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h
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Sa
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ua
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A T L A N T I C
O C E A N
n
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S
1
CONRAD
BY HILTON
dado
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To Co
RENNAISSANCE
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CONDADO
VANDERBILT
HOTEL
IDGE
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To Miram
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SAN JUAN BAY MARINA
MARRIOTT
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Bu
lev
ar
Sa
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oh
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ter
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SHERATON
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PUERTO RICO
CONVENTION
CENTER
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25
Calle A
35
recibo
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BY MARRIOTT
To
L
MM
1
MIRAMAR
Int
ern
ati
on
al A
irp
ort
ISLA VERDE HOTELS
RITZ CARLTON
INTERCONTINENTAL
EL SAN JUAN RESORT
EMBASSY SUITES
HAMPTON INN
COURTYARD BY MARRIOTT
VERDANZA HOTEL
Market
i n f o r mat i o n
A t l a
n t
i c
O
c
e
a
n
QUEBRADILLAS
DORADO
BARCELONETA
CATAÑO GUAYNABO
AGUADILLA
ISABELA
MANATÍ
ARECIBO
CAMUY
MOCA
AGUADA
VEGA
BAJA
HATILLO
VEGA
ALTA
FLORIDA
AÑASCO
MOROVIS
LARES
CIALES
UTUADO
TRUJILLO
ALTO
COMERÍO
AGUAS
C
BUENAS
a r i b b e a n
CIDRA
SAN
LORENZO
CABO
ROJO
VILLALBA
YAUCO
PONCE
GUAYANILLA
LAJAS
PATILLAS
JUANA DÍAZ
SANTA
ISABEL
GUÁNICA
SALINAS
50,000 - 99,999
HUMACAO
YABUCOA
GUAYAMA
C A R I B B E A N
S E A
Po p u lat ion Es t imat e s ( as o f July 1) - 2012
25,000 - 49, 999
LAS
PIEDRAS
MAUNABO
ARROYO
100,000 - 210, 000
210,001 - 382,299
TRADE AREA
e
a
TOTAL POPULATION 3,667,084
s
0 - 24,999
CEIBA
NAGUABO
CAYEY
COAMO
PEÑUELAS
s e a
JUNCOS
CAGUAS
BARRANQUITAS
ADJUNTAS
HORMIGUEROS
SABANA
GRANDE
CANÓVANAS
GURABO
AIBONITO
SAN
GERMÁN
O C E A N
LUQUILLO
FAJARDO
NARANJITO
JAYUYA
RÍO
GRANDE
COROZAL
OROCOVIS
MARICAO
A T L A N T I C
CAROLINA
BAYAMÓN
LAS MARÍAS
MAYAGÜEZ
LOÍZA
SAN JUAN
TOA ALTA
SAN
SEBASTIÁN
RINCÓN
TOA
BAJA
R e ta i l
C
a
b
r i
b
e
a
n
33% of Puerto Rico’s Gross Personal Income is spent on retail purchases
Puerto Rico has only 5 square feet of retail per capita versus 23 square feet in the Continental U.S., with an
underserved luxury retail and dining market
Most, if not all, of the U.S. retailers with a presence in Puerto Rico have their highest grossing units here
Puerto Rico has an insufficient amount of designer retail units when compared to market demand
L o c a l Market Demogra ph ics
With a population of 3.9 million, Puerto Rico has one of the highest Gross Domestic Products in all of Latin America
San Juan is the fourth most populated MSA in the U.S.
In addition to its reported GDP of $92 Billion, Puerto Rico’s unreported “cash” economy is estimated as an
additional 25%- 40% of reported GDP
In 2010, tourists spent $3.6 billion in Puerto Rico; that number is projected to increase to $4.7 billion by 2015
Luxury car sales in Puerto Rico for households earning $100,000+ are more than twice the rate as in the U.S.
The island’s homeownership level of over 70% is one of the highest in the world; only 39% of homeowners
have mortgages
T o u r i sm
San Juan is the largest home based cruise port in the world hosting over 1.5 million cruise visitors per year. The
port is a 5 minute drive from Paseo Caribe
Puerto Rico has over 14,000 hotel rooms and a brand new world-class Convention Center (within a 5 minute walk
from Paseo Caribe)
The luxury market has seen the opening of a W Hotel in Vieques, a St. Regis in Bahia beach, and a Ritz Carlton
Reserve in Dorado — only the second in the world — attracting the super luxury traveler to Puerto Rico
Over 80% of 4 million tourists visiting Puerto Rico annually come from the U.S. and prefer Puerto Rico’s amenities
over other Caribbean destinations
Puerto Rico offers the safety and ease of traveling within the U.S. No passport is required for travel by U.S.
citizens; the U.S. dollar is the currency of Puerto Rico
Puerto Rico is an easy non-stop flight from all major market on the U.S. eastern seaboard
F L OOR P L A N
Ground Level Plan
Retail
103
5,264 sf
Retail
102
3,370 sf
Retail
100
4,070 sf
Retail
107
Retail
Retail
1,668 sf Retail
104
111
2,175 sf
108
1,730 sf
Retail
1,974 sf Retail
112
110
2,322 sf
1,594 sf
Retail
140
4,606 sf
Retail
138
3,256 sf
Retail
118
3,221 sf
Restaurant
120
8,193 sf
Retail
134 Retail
1,239 sf 132
1,558 sf
Retail
126
6,362 sf
A T L A N T I C
O C E A N
Restaurant
122
8,257 sf
Pon
ce d
e Le
on A
ve
MAPS©2013 SPIRECREATIVEGROUP.COM
F L OOR P L A N
Second Level Plan
Lease 107
Retail
Retail
Lease 104 1,668
Lease 111 Retail
Retail
sf
206
201
Restaurant
2,175 sf
1,730 sf 204
202
Lease
108
2,271
sf
4,668 sf
208
Lease
118
1,974 sf 2,211 sf 1,223
Leasesf
112
8,477 sf
3,221 sf
Lease 110
2,322 sf
1,594 sf
Lease 120
8,193 sf
Lease 103
5,264 sf Retail
200
9,737 sf
Lease 102
3,370 sf
Lease 140
4,606 sf
Lease 100
4,070 sf
Pon
ce d
e Le
on A
ve
MAPS©2013 SPIRECREATIVEGROUP.COM
Retail
224
12,235 sf
Lease 138
3,256 sf
Retail
220
12,017 sf
Lease 134
1,239 sf
Lease 132
1,558 sf
A T L A N T I C
O C E A N
Pa r k i n g Ga r a g e
Floor Plans
B1
P2
P6
P1
P3
P4
P7
P5
P8
Global Park
Heredia, Costa Rica
Hilton Papagayo Resort
Guanacaste, Costa Rica
PNDC
Cataño, Puerto Rico
270 Munoz Rivera Avenue
San Juan, Puerto Rico
The Ritz-Carlton
San Juan, Puerto Rico
The Ritz-Carlton Reserve
Dorado, Puerto Rico
Costa Blanca Villas
Costa Blanca, Panama
Designed by Spire Creative Group
Caribbean Property Group (CPG) is the premier investor in real estate in Puerto Rico, the Caribbean, and Central
America. Since its founding in 1998, CPG has invested in $2.5 billion of commercial real estate acquisitions including
5.5 million square feet of shopping centers and enclosed malls (subsequently sold to DDR in 2005), 2.2 million square
feet of industrial and warehouse space, 700,000 square feet of industrial free zone park in Costa Rica, and 9 hotels
and resorts. CPG is also the dominant purchaser of distressed real estate debt in Puerto Rico, having purchased in
excess of $2 billion of non-performing and sub-performing loans. CPG has demonstrated expertise in all aspects of
commercial real estate including acquisitions and dispositions, finance, property management and operations, asset
management, repositioning, turnaround and development.
Contact Information
Glenn Vogel
Vice President - Retail
Caribbean Property Group LLC
1114 Avenue of the Americas, 45th Floor
New York, NY 11036
(p) 212.479.6769
(f) 212.479.6816
(c) 787.398.2533
[email protected]
Edward L. Stutz
VP, Asset Management
Caribbean Property Group LLC
P.O. Box 338
Catano, PR 00963
(p) 787.788.1192
(c) 787.455.7147
[email protected]
Michael Lefkowitz
Caribbean Property Group LLC
1114 Avenue of the Americas, 45th Floor
New York, NY 11036
(p) 212.479.6810
(f) 212.479.6816
[email protected]