Opened in 1973 as the Woodland Hills Promenade,[1] the shopping mall was originally a high-fashion center anchored by J. W. Robinson's, Bullocks Wilshire and Saks Fifth Avenue.

Following the 1994 Northridge earthquake, Saks Fifth Avenue used the opportunity to close their underperforming store[5] and it was demolished in 1994 for the addition of the AMC Theatre, which opened in 1996.

A few months before the first store opened, Kaiser Aetna sold their interest in the mall to Continental Illinois Properties for an estimated $15 million.

[20] According to a July 2016 Los Angeles Daily News article, Westfield told their tenants that they plan to close the interior of the mall soon.

[20] In October 2016, Westfield announced plans to replace the mall with a $1.5 billion mixed-use residential and retail development named Promenade 2035 that would include 1,400 upscale housing units, a grocery/pharmacy, a hotel, an office complex, plus an entertainment and sports center.

[26][27][28][29] In February 2020, a few weeks prior to the COVID-19 pandemic outbreak, AMC announced its plans to move a few blocks to the nearby Westfield Topanga at the location where Sears once stood.

[35][36] As part of that divestment, the dead mall was sold in March 2022 to an unnamed investor group that was later confirmed to be sports owner and real estate developer Stan Kroenke, with anticipated plans to convert the property into a mixed use development and practice facility for the Los Angeles Rams.

[37][38][39] In February 2022, Ruth's Chris Steak House announced that it would vacate the mall by July and relocate to a nearby Woodland Hills location.