The former Kmart, which served as an anchor to the mall from the very beginning which closed in 2021, has found replacement primarily by a Ralph's Food Warehouse and a TJ Maxx.
It featured establishments such as KB Toys, RadioShack, Payless ShoeSource, Rave, Spec's Music, Sunglass Hut, J. Riggings, Marianne, GNC, 5-7-9, Baker’s Shoes, Claire’s, and others.
Small store sales approaching $500 per square foot confirmed that Montehiedra was a premier shopping destination in Puerto Rico.
[4][5] On November 8, 2003, it was reported that Marshalls had opened its fifth megastore in Puerto Rico, a 56,000 square foot outlet at the Montehiedra Town Center, with 100 employees, said Angelo Mercado, the chain's island spokesman.
The new tenant mix also fitted in nicely with a plan to attract more family oriented businesses and create an environment that was fun and interesting, he said.
Marshalls' outlet at Montehiedra had been re-inaugurated as a 60,000 square foot Mega Store, doubling its previous size, which enabled it to carry a greater assortment of merchandise.
[7] On March 18, 2004, it was reported that Walmart was wrapping up negotiations for an Amigo Supermarket in the Montehiedra Town Center and was seeking to expand in the island's western region.
[9] On August 17, 2006, it was reported that the Montehiedra Town Center executives were working on plans to completely revamp the shopping mall the following year.
New York City-based owner Vornado Realty Trust, the fifth largest commercial real-estate holder in the U.S., would convert Montehiedra into the first low-price outlet shopping center in metro San Juan.
[12] On October 11, 2016, it was reported that Urban Edge Properties, owners of the Montehiedra Mall had announced the conversion of the 600,000 square foot shopping center into the metropolitan area’s first outlets, at an investment of $20 million.
Furthermore, mall owners said in response to the tastes and realities of the local market, the transformation also included the refurbishment of all interior and exterior areas, as well as the construction of a monumental pylon with digital display, and the arrival of new stores and chains.
The hallways of the at the time 23 year old regional mall were practically empty though there were shoppers inside its anchors, Home Depot, Marshalls and Kmart, and the Caribbean Cinemas multiplex.
[14] On August 23, 2022, it was reported that Urban Edge Properties, owners of The Outlets at Montehiedra, announced that it had signed a lease with Urology Hub, a medical office that would join Ralph’s Supermarket and Warehouse to occupy the 80,000 square feet that was once the Kmart store at the mall.
These tenants were expected to create 325 new jobs in support of the local economy and would “bring essential grocery and medical services to an underserved metro area,” Urban Edge Properties confirmed.
“These new tenants are two terrific resources for the local community and will repurpose this vacant space in a positive way,” said Paul Schiffer, senior vice president for Urban Edge.
“Ralph’s will bring high-quality products to the area while Urology Hub will respond to local demand for well-respected doctors and medical services,” he said.
This would be Nautica’s third store on the island and “has proven to be a very popular brand for local and visiting shoppers,” Urban Edge Properties stated.