Development began under Monex Development in 1997 and continues under the new owners, Rabie Property Group. Century City's original developments were the Ratanga Junction theme park and Canal Walk shopping centre. When it was opened in December 2000, Canal Walk was the largest shopping mall in Africa and the Southern Hemisphere in lettable area at 125,000 m².
The Ratanga Junction theme park closed in May 2018 after many years of financial problems. The site will be redeveloped for residential use.