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 October 2000, Canal Walk was the largest shopping mall in
Africa and the Southern Hemisphere in lettable area at 141,000 m2. The Ratanga Junction theme park closed in May 2018 after many years of financial problems. The site was redeveloped and was replaced by
Ratanga Park (a recreational park), as well as numerous residential developments. In February 2026, a major new development project for Century City was announced. The Canal Plaza office development, seeking to capture growing office demand in the area, will be managed in partnership with Gutsche Investment (GIMCO), the Moolman Group, and Blue Dawn Capital. Canal Plaza is planned to include a gross leasable area (GLA of) 10,333 sqm, across four floors. Set for occupation in May 2027, it will overlook the Intaka Island Nature Reserve. Canal Plaza is planned to achieve a 4-Star Green rating by including backup power and water. Located at 1 Heron Place, the new development will have nearby access to public transit, via a
MyCiTi BRT stop. ==Canal Walk==