Owned and managed by Brookfield Properties, the mall was opened in 1992, and has 1,135,374 square feet (105,479.7 m2) on one floor.

The enclosed retail complex included four anchors: 2 level Burdines, Sears, and JCPenney stores and a 1-story Mervyn's, bringing the same offering as Pompano Fashion Square (1970).

In August 1995, the mall added its first Dillard's store, located between Sears and the main entrance, Dillard's second in South Florida (the first was at The Galleria at Fort Lauderdale) and the mall's fourth multi-level store, making Pembroke Lakes the second mall in Broward with this initial anchor format, after Coral Square (1984) six years earlier.

Only two years later, Dillard's expanded into the Mervyn's store for a second location, housing the men's and home departments, thus reconfiguring their existing store for ladies and children's clothing.

In 2016, GGP announced that the mall's Sears (later closing on September 15, 2019) would shrink to make room for an AMC movie theater, which opened in 2017.