Centerpoint Mall was known as Towne and Countrye Square at its grand opening in the 1950s. In 1960, the mall began with anchors that were Sayvette, Miracle Mart, and Loblaws. The Sayvette chain went defunct in 1975 and was converted to Woolco. Woolco closed and the store and was converted to Supercentre. The Loblaws store was converted into Towers. Miracle Mart was converted to a Canadian Tire when the chain went bankrupt. The Towers chain was bought by Zellers and the store was converted to Zellers in 1991. Supercentre chain concept wasn't successful and it was converted to Loblaws, and then to No Frills. Target bought out the lease for the Zellers store which went into liquidation in March 2012. The store was closed June 2012 and has been renovated into a Target.
With 635,121 square feet (59,004.7 m2) of retail space, it is one of the largest malls in Toronto.