It is located between the railroad of Ferrocarril General Manuel Belgrano and the Riachuelo River, and the streets Regimiento de Patricios, Defensa, Caseros, Vélez Sársfield, Amancio Alcorta, Lafayette, and Lavardén.

In the 18th century, "Barracas" began to grow on the banks of the Riachuelo River, becoming a slave quarter, as well as an area for leather tanneries, and abattoirs.

The painting of colorful façades on Calle Lanín by local artist Marino Santa María during the 1990s has helped foster a number of redevelopment projects in the area, notably the conversion of the former Piccaluga textile factory into upscale lofts, which was completed in 2008.

This effort, is intended to help the south part of the city and to consolidate Buenos Aires as a UNESCO city of design, the project is based on easy credit and possibilities for those entrepreneurs who are willing to move their offices and manufacturing plants to this center, that is between the avenues Pedro de Mendoza, Velez Sarfield and the streets Australia, Brandsen and Herrera.

It honors two of the greatest stars in the history of Argentine football: Diego Maradona and Lionel Messi along with other leading figures such as Juan Román Riquelme, Gabriel Batistuta, Mario Kempes, Sergio Agüero, Claudio Caniggia, Ricardo Bochini and Ariel Ortega.