It is tagged as the "world’s largest building ever built in a single phase", with 7.5 million square feet (700,000 m²) of built up floor area. It is set to become an international landmark offering shopping, luxury accommodation, business, food and abundant entertainment.
Currently, it has space for more than 1000 retail shops (of which many are vacant), 1200 luxury service suites, 65 food outlets to suit many tastes and entertainment attractions such as Asia’s largest indoor theme park, Cosmo's World and Malaysia’s first-ever IMAX 2D & 3D theatre which is located on the 10th Floor. In April 2005, Borders Group opened its first franchise store here. Currently, the store is the largest Borders store in the world. Other popular stores include Metrojaya, which is a multi-level major department store, and many more.
Originally, the land belonged to the millionaire and philanthropist Cheong Yoke Choy before World War 2. His massive bungalow once stood proudly until the entire land was purchased by Berjaya Group Tan Sri Vincent Tan for the development of the current Berjaya Times Square.