[2] VIP stands and the entrance were taken in 1930 to the stadium Estadio Pocitos, where the first ever goal in World Cup history was scored by the French forward Lucien Laurent.

The 38,000 square feet land was located in the Marconi neighborhood facing Avenida de Las Acacias (today José Possolo) and the authorities of the institution promised to pay for it, monthly installments of 150 pesos of the time until reaching the agreed price (URU$20,207).

The venue was finally inaugurated on April 19, 1916 in a friendly match (won by the local team 3–1) between Peñarol and its classic rival Nacional for the "Transatlantic Cup".

Since then, Las Acacias has been used as a venue for Peñarol reserve teams and training divisions, although the senior squad would return to the stadium in the 1990s.

The last official match played by Peñarol's senior team was on the 1st round of Torneo Clausura in 1997, against Rampla Juniors.