Bloomingdale's was an anchor at this mall but closed on March 20, 2020, and it was replaced by Life Time Fitness center, which opened on August 4, 2023.

As its name implies, the center is designed around a lushly landscaped man-made lagoon featuring numerous pools, waterfalls and bridges accented with modern sculpture pieces and decorative lighting.

Macy's opened a store in 1996 during an expansion that doubled the size of the shopping center.

The center features an iconic tower sign on the southwestern corner of South Dixie Highway and S.W.

The center's success has led to the surrounding Howard, Briar Bay and Colonial Palms neighborhoods being encompassed by the generic "The Falls" name.