To create a corporate campus that would redefine Hato Rey as a center of urban movement. That is the vision that Banco Popular de Puerto Rico, Puerto Rico’s leading financial institution dreamt up years ago for Popular Campus, a $300 million expansion project that will centralize a significant portion of our operations.
We broke ground on Popular Campus in the Summer of 2022, beginning construction on our new facilities that will serve as a competitive tool to develop, retain, and attract the best talent and to better serve clients.
“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,” said Ignacio Alvarez, President and CEO of Popular.
This project will be a milestone of Popular’s continuous growth in Hato Rey, the center for business in Puerto Rico’s Metropolitan Area. In 1965, Popular advanced the development of Hato Rey by establishing its first building in the area – Popular Center.
Over five decades later, Popular Center still stands as the headquarters of the financial institution. Its position will remain unchanged as the construction of additional buildings will bring Popular Campus to completion. Next to Popular Center, a new 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.
Across the Muñoz Rivera Ave. from Popular Center, a second building will be constructed, which will include a wellness center and a gym for employees, a supermarket, and nearly 800 parking spaces. “After many years of planning and preparation, this project is finally a reality. We believe in the importance of a development like this, not only for Popular and the Hato Rey area, but for all of Puerto Rico. Popular Campus will become part of our legacy and a reflection of what we as a people can achieve,” said Richard L. Carrión, Chairman of Popular’s Board of Directors.
The Popular Campus design is a collaboration between the firms of Perkins Eastman, New York office, and V Architecture, based in San Juan, Puerto Rico. Both firms are recognized for the variety of large-scale and iconic projects they have completed.
The new buildings were designed with careful consideration of the environment and will be developed following the sustainability guidelines to obtain Leadership in Energy and Environmental Design (LEED) certifications from the US Green Building Council.
The project is expected to be completed by early 2026.
