The mall is owned by Constructora Sambil, run and owned by the Salomon Cohen Levy family. Alfredo Cohen is the director.
A second mall was planned for Caracas under the name "Centro Sambil La Candelaria." However, in December 2010, before construction of the building was completed, the Venezuelan government, under then-President Hugo Chávez, expropriated the building while citing concerns with congestion. As of February 2014, the building remained unfinished and unoccupied.