[citation needed] It is a historic landmark and a known meeting point, with many coffee shops and restaurants.

Frederico Heydtmann designed the building, but his plan was substantially altered and enlarged.

The market suffered from a major flood in 1941 and from additional fires in 1976, 1979 and 2013.

[2] In the administration of Telmo Thompson Flores [pt], it ran the risk of being demolished, but the outcry led to the decision backings.

In 1990, the city administration organized a multidisciplinary team to develop a restoration project.