Business
Popular to Build New Corporate Campus in Hato Rey
SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular announced today that it is set to begin the construction of several office buildings in Hato Rey with the
About this update from Popular, Inc.
[{"type":"text","content":" SAN JUAN, Puerto Rico--(BUSINESS WIRE)--\nPopular announced today that it is set to begin the construction of several office buildings in Hato Rey with the goal of creating a corporate campus to centralize a significant part of its operations. The new facilities will serve as a competitive tool to develop, retain, and attract the best talent and to better serve clients. The institution will invest over $300 million in the project with construction to take place until 2026.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220503006118/en/Richard L. Carrión, president of the Board of Directors of Popular, Inc., left, and Ignacio Alvarez, president and CEO of Popular, Inc., right, discuss the plans for the new construction of Popular Campus in Hato Rey, Puerto Rico. (Photo: Business Wire)\n\"Our Hato Rey corporate campus will allow a greater number of Popular employees to work from our new facilities, offering an environment that fosters their well-being, and where learning, collaboration and innovation are continuously encouraged,” said Ignacio Alvarez, president and CEO of Popular, Inc.\n\n“We are committed to Puerto Rico and its potential, and we understand that an important part of the economic recovery comes from bold projects such as this one. We expect our campus to further transform Hato Rey into a center of urban movement, offering a wide variety of amenities to our employees, customers and visitors,” Alvarez added.\n\nPopular disclosed that the project is expected to generate nearly 1,700 jobs directly and indirectly during the construction phase. It will consist of two buildings, including one next to what is now Popular Center and movie theaters, in the area where the Fine Arts parking lot is currently located. This first building will feature 10 floors of new office space, a new Training and Development Center for employees, a food court, gardens, and parking for 500 cars, among other offerings. The building’s upper level will include a 126-room hotel.\n\nIn front of Popular Center, located in the parking lot on the north side of the restaurant, a second building will be constructed, which will include a wellness center and a gym for employees, a supermarket, food outlets, and nearly 800 parking spaces.\n\n\"After many years of planning and preparation, this...