During the colonial period, the CIB was occupied by crops and farms, although it was important since one of the exits from the city was located there, the Tunja road.
This sector was notably devastated during the Bogotazo, since many properties were destroyed, generating vacant lots that were not occupied for several years.
[3] As a result of this, the families that lived in the area emigrated to new neighborhoods created further north, with which the CIB declined, especially during the 1950s.
The key factors for the beginning of the transformation of the sector were the construction of the Tequendama Crowne Plaza Hotel, formerly (Intercontinental Tequendama Hotel) and later of the Centro Internacional Tequendama (a complex of office buildings adjacent to the hotel), as well as the construction of the El Dorado International Airport, since when Avenida El Dorado was remodeled, which connects the city with the airport, turned the CIB into a magnet for business.
With which the larger-scale commercial activities ceased to be concentrated in the Avenida Jiménez sector, which has historically been the center of Bogotá.