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It can be said that Maracaibo was born around this square, which changed its name several times until today.
During the colony it was called Plaza Mayor, then San Sebastian and also El Jardin. In 1821 it was baptized as De la Pirámide, until 1873 when it was changed to La Concordia, the name given by Venancio Pulgar for the homonymous Parisian square, being the artist Carmelo Fernández the one in charge of transforming it into a kind of octagonal park with slopes and paths of tiles imported from Belgium that converged to a central gazebo where the Bolivar Band played its retretas during the celebrations.
A perimeter fence with eight ornamental gates manufactured and brought from Germany was also installed with a legend praising the national government presided by General Antonio Guzmán Blanco. A fountain and four bronze statues representing commerce, industry, agriculture and navigation were also brought from the same country.
It bore this name until July 24, 1904 when the president of Zulia, Dr. Jesus Muñoz Tebar changed it to its current name of Bolivar, but it was not until January 1 of the following year that an equestrian figure that the sculptor Eloy Palacios worked on since 1902 was placed on it.
In 1929 Pérez Soto eliminated the unevenness and the railings and it is in 1973, on the occasion of the sesquicentennial of the naval battle of the lake when it was given its current appearance, eliminating the octagonal shape, making it a boulder floor and seven gardens from which the concrete benches that exist there and at each end of the square sculptures of 4 nymphs allegorical to trade, marine, arts and industry, being the architects Aquiles Asprino, Cecilia Ferrer and Elke Hiuz in charge.
The square is located between 95th and 96th streets and 4th and 5th avenues. Around it there are important buildings such as the Cathedral, the Mayor's Office building, the House of the Capitulation, the Legislative Palace and the Palace of the Condors, seat of the regional government.