Located within one of the city's two most famous parks, it is a major meeting point for people as well as staging area for political rallies and demonstrations.

Originally, the esplanade was built with the intention of extending a 6-lane highway from Liman Avenue (connecting to the D.300) to central Konak, where it would continue to the O-32, to Çeşme, in Balçova.

Construction of the park and square was completed in 1999 and was officially opened to the public on 15 June 2000.

[1] In 2003 mayor Ahmet Piriştina requested the construction of a statue to commemorate the 80th anniversary of Republic.

Ferit Özşen was chosen to design a statue, which was named the Tree of the Republic.