The square, originally named after the monastery of the Dominican Order built there in 1606, was the site of a pre-Hispanic trail that continued the path of the Camino de los Llanos (later known as the Vía Expresa).

[1] After independence, the Convent of the Venturous Mary Magdalene (Spanish: Convento de la Venturosa María Magdalena) became administered by the Charity of Lima.

In 1848, nuns from the Congregation of the Sacred Hearts of Jesus and Mary arrived to Peru and established themselves on the convent.

[1] In 1881, the church burnt down, and, after the War of the Pacific, it was rebuilt under a different name, with two schools that would be run by the congregation also being built.

[2] The square received its current name after the French colony in Lima donated a statue to commemorate the Centennial of the Independence of Peru.