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On December 4th, 1997, being developed by Manley Berenson, Las Catalinas Mall opened with 80 stores and 3,000 spaces of parking. It was anchored at the time by a [[Kmart|Kmart Super Center]] and [[Sears]]. It also featured a food court which was named “El Trapiche.” The mall was built with the purpose to serve the surrounding communities, but it grew to become a regional mall.<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>
[[File:Las Catalinas Mall Sears wing.jpg|left|thumb|Sears wing at the mall in the 1990s]]
On November 4th, 1998 [[Vornado Realty Trust]] bought Kmart's 50% interest in the mall forming a joined 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 purchase price in total was $38 million dollars.<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>
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