Gura-Coop plans $3 million branch on PR-189 land it bought in 2014
Gura-Coop, a savings and credit cooperative, will invest $3 million to build a new branch of about 2,745 square feet on PR-189, its executive president announced on November 13, 2026, El Vocero reported. The outlet put construction at an estimated 18 months.
A drive-through branch and room for a second phase
The branch will combine service inside the building with three drive-through lanes and ATMs for drivers and pedestrians, the outlet reported. Outside, the cooperative will build vehicle and pedestrian access, sidewalks and 32 parking spaces, two of them for people with disabilities.
An architect at Bersa Group designed the reinforced-concrete building, the outlet reported. It will hold waiting and customer service areas, a teller area, a manager's office, a conference room and staff facilities. An automatic generator able to run the whole building, a water cistern and storm-resistant glass are part of the design.
The executive president presented the branch as the first phase of a larger development, with a layout that lets a later phase be added without interrupting the branch's operations. The cooperative has $90 million in assets and 24 employees, and construction is expected to create 24 jobs, the outlet reported.
A site held since 2014
The branch goes up on a property of about 5,932 square meters on PR-189 in Rincón, which the cooperative bought from the Municipality of Gurabo on October 28, 2014. The property is zoned mostly for commercial use.
The project has taken more than one try. A consolidated construction permit for the cooperative dated March 5, 2024 was marked incomplete. A filing for a new branch on the property, dated December 23, 2025, won an approved infrastructure recommendation, and environmental, infrastructure and health and safety recommendations dated March 6 and June 5, 2026 were approved as well.
A new consolidated construction permit for a cooperative banking building, dated August 28, 2026, is under inspection. The board president said at the announcement that the cooperative had held the plan for many years and overcame many obstacles to reach it.
Gurabo's commercial market
Along PR-189 at Km 5.8, about a kilometer from the branch site, two industrial properties sold for $3,380,000 in January 2025 and $290,000 in May 2026. At Km 3.2, about 3.5 kilometers from the site, a commercially zoned property sold for $415,000 in July 2025 and for $500,000 in September 2026.
On November 14, 2026, four commercial properties were listed for sale in the town, with asking prices from $257,500 to $1,200,000. The town's commercial market profile carries the full series.
