[1][2] It is home of the Philippine's biggest outdoor amphitheater and outlet center, and the location of once the world's largest pair of shoes.

[6] On September 26–27, 2009, the complex was widely devastated by a flash flood from the overflowing Marikina River, due to torrential rains caused by Tropical Storm Ondoy.

Riverbanks Mall hosts numerous establishments and includes the following major tenants: SM's Savemore Market, the first ever Savemore Market in the Philippines opened in 1998 (earlier than opening of the whole complex the following year),[7] Off Price Department Store, Shoe Gallery, Timezone and Robinsons two standalone stores: Handyman and Robinsons Appliances.

There are also main sections divided into 3 zones: Foodcourt (eateries and food stalls), Technolane (electronics and gadgets) and Fashion Gallery (boutiques and specialty stores), while Kidzone (playroom), Timezone (arcades) and Shoe Gallery (showcasing the shoes made in Marikina) are among sub-sections inside the Mall.

There is also standalone store building like fastfood chains Greenwich and Jollibee located at the North Triangle open area, and a pre-owned car dealer shop Kotse Network.

Riverbanks Center is known for the largest outlet store in the Philippines located inside the Riverbank Mall, some of these were branded includes Accel, Adidas, Bambu, Converse, Guess, Kids Republic, Levi's, Nike, Peak, Puma, Reebok, Royal Sporting House, Shubizz, The Look Boutique, World Balance and among others.

There are also educational facilities in the complex, the Philippine Science Centrum, an interactive museum, is located in E-COM Building, it opened in 1990 in Pasay, but later moved to its present site which was donated by Riverbanks Development Corporation.

[citation needed] Activity Area is also hold various events such as motor shows, pageants, job fairs, food festivals and bazaars during Christmas season.