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In April 1997, [[Vornado Realty Trust]] announced that it would acquire Kmart's 50% interest in the then-Caguas Centrum, as the center was previously known, which was currently under construction. The name of the mall would then be changed to Las Catalinas.<ref>{{Cite news |date=1997-04-19 |title=Montehiedra Town Center & Las Catalinas Mall (Caguas Centrum) |pages=11 |work=The Record |url=https://www.newspapers.com/article/the-record-montehiedra-town-center-las/81302128/ |access-date=2023-08-07}}</ref>
On December 4, 1997, after development by Manley Berenson and Yebba Realty Ventures, Las Catalinas Mall officially opened with 80 stores and 3,000 parking spaces. It was anchored at the time by a [[Kmart|Kmart Super Center]] and a Sears department store. It also featured a [[food court]], “El Trapiche.” The mall was built with the purpose to serve the surrounding communities, but its variety of businesses lead it to become a regionally popular destination.<ref>{{Cite web |date=2011-05-10 |title=Las Catalinas Mall - Información General |url=http://lascatalinasmall.com/mall_info.aspx |archive-url=https://web.archive.org/web/20110510125833/http://lascatalinasmall.com/mall_info.aspx |url-status=dead |archive-date=2011-05-10 |access-date=2023-08-07 }}</ref><ref>{{Cite web |date=2001-03-09 |title=Las Catalinas Mall |url=http://manleyberenson.com/puerto_rico/locations/las_catalinas_mall.htm |archive-url=https://web.archive.org/web/20010309203240/http://manleyberenson.com/puerto_rico/locations/las_catalinas_mall.htm |url-status=dead |archive-date=2001-03-09 |access-date=2023-08-07 }}</ref>
On November 4, 1998, [[Vornado Realty Trust]] bought Kmart's 50% interest in the mall, forming a joint ownership between Vornado and Yebba Realty Ventures. In addition, Vornado acquired 75% and Yebba Realty Ventures acquired 25% of Kmart's anchor store. Vornado's total purchase price was about $38 million.<ref>{{Cite web|url=http://www.vno.com/press/display.phtml?id=15944|archive-url=https://web.archive.org/web/20060325062049/http://www.vno.com/press/display.phtml?id=15944|archive-date=2006-03-25|title=Press Releases | Vornado Realty Trust}}</ref>
By the year 2000, the successful mall had over 100<ref>{{Cite web |date=1999-08-28 |title=informacion |url=http://www.lascatalinas.com:80/info.htm |archive-url=https://web.archive.org/web/19990828005808/http://www.lascatalinas.com:80/info.htm |url-status=dead |archive-date=1999-08-28 |access-date=2023-08-07 }}</ref> tenants, including many popular businesses of American origin, such as [[5-7-9]], [[Afterthoughts (retailer)|Afterthoughts]], [[Claire's|Claire's Boutique]], [[EB Games|Electronics Boutique]], [[Foot Locker|Footaction]], [[Hallmark Cards|Hallmark]], [[KB Toys]], [[Payless (footwear retailer)|Payless Shoe Source]], [[RadioShack|Radio Shack]], [[Zale Corporation|Zales]], and many others. The food court and restaurant options included [[El Mesón Sándwiches|El Mesón]], Hot Potato, [[Howard Johnson's]], [[KFC]], [[Quiznos]], [[Taco Bell]], [[Wetzel's Pretzels]], and more.<ref>{{Cite web |date=2000-02-08 |title=Listado de Tiendas |url=http://www.lascatalinas.com/directorio.htm |archive-url=https://web.archive.org/web/20000208035457/http://www.lascatalinas.com/directorio.htm |url-status=dead |archive-date=2000-02-08 |access-date=2023-08-07 }}</ref><ref>{{Cite web |date=1999-08-28 |title=trapiche |url=http://www.lascatalinas.com/eltrapiche.htm |archive-url=https://web.archive.org/web/19990828002828/http://www.lascatalinas.com/eltrapiche.htm |url-status=dead |archive-date=1999-08-28 |access-date=2023-08-07 }}</ref>
Also in the early 2000s, additional land was developed to open [[The Home Depot]] home improvement store and a [[Caribbean Cinemas]] theater. These additions complimented the mall's variety, and would help to enhance the status of Las Catalinas as a top regional shopping destination.<ref>{{Cite web |date=2001-03-09 |title=Las Catalinas Mall |url=http://manleyberenson.com/puerto_rico/locations/las_catalinas_mall.htm |archive-url=https://web.archive.org/web/20010309203240/http://manleyberenson.com/puerto_rico/locations/las_catalinas_mall.htm |url-status=dead |archive-date=2001-03-09 |access-date=2023-08-07 }}</ref>
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=== 2010s-present ===
In 2010, an [[Adidas]] store and an iShop opened stores in the mall.
In April 2012, it was announced that [[Best Buy]], located on the premises of the mall, would be closing by mid-May 2012.<ref>{{Cite web |date=2012-04-14 |title=Best Buy closing Las Catalinas store in Caguas |url=https://newsismybusiness.com/best-buy-closing-las-catalinas-store-in-caguas/ |access-date=2023-08-08 |website=News is My Business |language=en-US}}</ref>
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*[[Shoe Carnival]]
* [[Golden Corral]]
===Outparcels===
*[[Burlington (department store)|Burlington Coat Factory]]
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* [[Coast Guard Exchange]]
* [[Supermercados Amigo]]
* [[The Home Depot]]
* [[Chili's Grill & Bar]]
* [[Romanos Macaroni Grill]]
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