Construction began in 1951 and ended in 1954 and is considered the first skyscraper built in Caracas for its innovative architecture.

Construction began in 1994 and ended in 1997, with an estimated cost of 2.5 billion old bolivars, equivalent to 2,500,000 Bs.F.

It has 725 m2 (7,800 sq ft) of plants, parking for 575 vehicles, a convention center for 400 people, and a panoramic view of the Park Los Caobos and Botanical Garden.

The top of the west tower had advertising for Pepsi.

In 2010 it was removed because its fragments were disintegrating after spending several years on the roof.