Over the past few weekends, they have been advertising on the radio a new shopping center, theater and store: Porto Mio in the harbor. They are working on it- don't know when it will open (says summer 2010), but people in Penasco are happy for the potential to get a theater. Here's the website:
http://www.puertomiorockypoint.com/
Pictures from Urban Freak:
http://www.puertomiorockypoint.com/
Pictures from Urban Freak: