The mall opened to the public on September 28, 1990, formerly known as SM Centerpoint, located in Santa Mesa, Manila.
On September 26, 2009, the basement level was submerged when Typhoon Ondoy battered the Philippines; the appliance center, supermarket, food court, and other retail stores located at the basement level were heavily damaged. As a result, the basement level was temporarily closed for several days and renovated after that.
In addition, the mall featured several amusement venues, namely the Quantum, Worlds of Fun, and an annex building. Furthermore, the area has different branded shops, restaurants, and food court.
It is the second of SM Supermall and the seventh SM branch developed and operated by SM Prime Holdings owned by Henry Sy, Sr.