On November 6, 1804, by decree of Governor and Captain General Benito Pérez Valdelomar, the plaza was built to beautify the city. The portals and accessories were completed in 1873, paving the plaza with English bricks. In 1887, an obelisk dedicated to General Sebastián Molas was erected, and since 1965, it has been the setting for the traditional Yucatecan Serenade. In 2012, it was renovated and reopened in 2013 with shops and restaurants.