Among the main establishments in the center would be Burger King, Church's Chicken, Pizza Hut, Amigo Supermarkets, Kress, Christie, Valú, Donato, Me Salvé, Pearle Vision, Humberto Vidal, Butler and Banco Popular, among others.

[1] On August 4, 1987, it was reported that the Plaza Caribe Mall, which represented an investment of approximately $10.2 million, would be inaugurated at the end of that October or beginning of that next November.

The commercial complex, with a gross leasable area of 155 thousand square feet, marked what could be described as a rebirth in the development of shopping centers on the Island.

The industry had been going through a virtual lethargy for at least six years, since the excessive increases in bank interest rates caused by the oil crisis.

There would also be two large gazebos for special activities and exhibitions, a machine for children, and two fountains with waterfalls would also be part of the decoration on the central promenade.

[2][3] On June 4, 1988, it was reported that just six months ago at the time, the Plaza Caribe Mall had inaugurated, and that the center had created permanent jobs and had generated great commercial activity for many municipalities.

Plaza Caribe consisted of two levels; 51 stores, two restaurants, professional offices, a radio station, two banking institutions and various facilities for the pleasure of families.

[6][7] On April 30, 2004, New York City based Thor Equities announced the acquisition of the 387,546 square foot Centro Gran Caribe mall in Vega Alta, for $61.5 million.

Besides the main anchors, the mall's tenant roster included Radio Shack, Payless Shoe Source, KayBee Toys, Kress, Marianne, among others.

[8] On January 13, 2005, it was reported that New York City based Thor Equities was scheduled to complete an estimated $2 million renovation of The Gallery at Gran Caribe, during the first quarter of 2005 to make the property more attractive to consumers and future tenants.

The Gallery at Gran Caribe was Puerto Rico's 20th largest shopping center, as reported in the Caribbean Business White Pages 2004 directory which was the investment company's first incursion into the local market.

Reggie stressed the fact that Thor Equities had strong relationships with U.S. based retailers that had stores in the company's stateside shopping malls, which could lead to new players in the Puerto Rico market.

This didn't mean the company wanted to pull out of Puerto Rico, as it was also attempting to buy other retail properties on the island revealed Carl Reggie, marketing director.

"We are very familiar with Puerto Rico and know the market very well," Reggie indicated adding that sales per square foot at Gran Caribe had increased since the company purchased it but didn't say by how much.

[11] On July 2, 2021, Centro Gran Caribe would officially announce the arrival of two new tenants which would replace the former Kmart space at the mall.