[1][2][3][4] Construction for the mall began in 1975 after Muhammad Ali's boxing victory against Joe Frazier in Araneta Coliseum, dubbed "Thrilla in Manila".

In March 2019, a portion of the mall's upper ground floor was remodeled to cater novelty items, antiques, art, music, and memorabilia.

This section was inaugurated as ALI X (Arts, Lifestyle, and Interests Experience), and "aims to be a haven for casual goers and hobbyists alike".

Inaugural tenants included Happy Music, Remnant's Thrift Shop, and Erin's Artist's Lounge and Cafe, among others.

[13][14][15][16] The mall currently has 64,500 square meters (694,000 sq ft) of retail space, and features environment-friendly air-conditioning and government services facilities.