 Fonalledas also oversaw the development of two residential projects in San Juan and Ponce respectively as part of the real estate holdings of Empresas Fonalledas.The San Juan project includes two residential buildings with 58 apartments located in Hato Rey and the Ponce residential project features 132 walk-up units with direct access to Plaza Del Caribe.In 2000, Fonalledas was named "Puerto Rico Chamber of Commerce Businessman of the Year".