In Spring 1995, being developed by Unicenter, S. E., Galería Paseos would open with 160,000 square feet to much fanfare with anchors Sears, Amigo Supermarkets and a Walgreens.

Michael Lefkowitz, chief operating officer of CPG's commercial properties division, saw opportunities in Galería Paseos which then occupied 202,763 square feet, and even though a stroll through the mall would evidence a very high vacancy rate.

"We believe Galería Paseos is a wonderful and well-built mall and intend to capitalize on the upscale demographics and great sales its three main anchors have," Lefkowitz explained.

[5] On December 6, 2007, it was reported that since first opening its doors, Galería Paseos had come of age and it now enjoyed a more diverse mix of tenants and increased consumer traffic.

Some of the restaurants that could now be found in the food court included Taco Maker, Jake's Over the Top ice cream and the casual bistro Camille's Sidewalk Café.

“What's best is that our tenants are doing better than ever, even in this slow economic period," said Jeff Smith, vice president of asset management for Caribbean Property Group, owner of Galería Paseos.

"With its nice ambiance, great mix of tenants and critical mass of retailers that draw traffic to it, we can truly say that Galería Paseos Mall is a thriving center for commerce," stated Smith.

"In times of economic recession, the food court area and mall restaurants become crucially important in not only generating sales but also attracting foot traffic for other inline tenants," explained Carlos Budet, president of FransGlobal, parent company of Taco Maker.

For John Regis, owner of Top Potato and Reggio's Pizza, the opportunity to open at Galería Paseos presented a good fit with the company's expansion plans.

Dave Rodney, president of the Sears and Kmart chains for Puerto Rico and the Virgin Islands, pointed out that the lease contract for the premises had expired and the corporation decided not to renew it.

[10] On June 25, 2019, it was reported that frozen yogurt franchise Yogen Früz had reopened its kiosk at the Galería Paseos shopping mall, investing some $75,000 in the operation.

[12] On November 6, 2019, it was reported that after several years on the market, the Galería Paseos shopping mall had found a new owner, who had bought the property that was in the hands of FirstBank.

Sources from El Nuevo Día, who preferred not to identify themselves, indicated that the new owner is Royal Properties, Inc., a real estate company that had a business relationship with the Aliss store chain.

On December 20, 2022, it was reported that the Boronea clothing store and brand, distinguished for its Caribbean fashion for men with original collections, had announced the recent opening of its new location in the Galería Paseos shopping mall.