New stores for BestBuy, Office Depot, and 7-11

Best BuyBest Buy Breaks Ground

As we mentioned previously, Best Buy is coming to Rico. Yesterday they initiated construction of a new store over the memories of the Plaza Aquatica near Plaza Las Americas. Mayor of San Juan Jorge Santini, along with executives from Best Buy, as well as the entrepreneur Jaime Fonalledas were on hand for the ground breaking ceremony.

The new store will feature 45,000 square feet and generate approximately 120 new jobs. There is no estimated opening date available for the new store.

Update: The estimated opening date will be during in the beginning of 2008. The estimated cost of the construction will be $4 million. Best Buy will lease the space from Empresas Fonalledas.

Office DepotOffice Depot is Coming

U.S. retailer Office Depot, which was negotiating to open a store in Plaza Carolina has said that they will no longer open a store there. The space they were considering was the old Casa Febus location. However, they are still working towards opening a store near San Patricio Plaza in Guaynabo in the old Puerto Rico telephone customer services offices, which were recently vacated.

Seven-117-Eleven

The new owners of the Puerto Rico franchise of the 7-Eleven convenience stores will soon be opening three new stores, the first in Parque Escorial at the end of March. Two others will follow on the corner of Central Avenue and San Patricio Street and in Borinquen Towers. They will also be finalizing deals for an additional six or seven stores very soon.