It is located next to the Mateo Salado Huaca at the intersection of Breña, Lima and Pueblo Libre districts.
It was inaugurated coincidentally on the day of creation of the first flag of Peru on October 21, 1980, with the presence of then president Fernando Belaúnde Terry.
[2] The oval-shaped square was remodelled by the Municipality of Lima in 2017, with the earthen slopes being replaced by a flatter area with gardens, concrete steps and a central flagpole.
[3] In 2019, during the ceremony of the 199th anniversary of the first flag of Peru, an effigy of the Peruvian Motherland and statues of the heroes of the four branches of the Armed Forces of Peru were unveiled: Francisco Bolognesi (Army), Miguel Grau (Navy), José Quiñones (Air Force) and Mariano Santos Mateo (Police).
On Sundays, larger national flag is raised by the Peruvian Armed Forces, on a 40 m high flagpole.