[3] The original Victoria Plaza was built in the early 1990s by the late businessman Robert Alan L. Limso through his Davao Sunrise Investment and Development Corp.

The three-storey Victoria Plaza became a local icon as the first shopping mall in Davao City.

[4] Mr. Limso, also known to be close to some politicians in the city including former President Rodrigo Duterte as he served as a city councilor from 1981 until he resigned in 1986 after the transitory government of the late President Corazon C. Aquino, eventually mortgaged the mall to a Philippine National Bank.

[5] On 2019, New City Commercial Corporation (NCCC), a local pioneering retail player in Davao, has acquired the historic mall.

The area is planned to a be mixed-use development with eight high-rise condominiums, serviced apartments, retail strips, lush green space, and a five-star hotel.