The Bicentennial Park is the result of the public competition called in 1998 by the City Council of Vitacura to establish a strategic plan that would organize the landscape and urban development of what was then known as the Parque de Las Américas ("Park of the Americas"), located on the banks of the Mapocho River.

Construction began in 2006, and it was inaugurated in two stages: the first, covering 18 hectares, was opened to the public in 2007.

Then, in November 2011, the second and final phase was inaugurated, whose design was also led by the same architecture and landscaping team.

The park has at its central core the Civic Center of Vitacura, a complex that concentrates the public services of the namesake commune.

Moreover, a restaurant designed by Smiljan Radic marks its eastern entrance, along two artificial lakes, expansive grassy areas, a variety of local trees, and programmed spaces for leisure activities, rest, and family walks.