It was planned by the architect Júlio Alberto Basto in 1934[1] and finally erected in 1936 and derives its name from the red bricks used in construction.

[2] The building is symmetrical in layout and has a clock tower in the middle and a watchtower in each corner.

[3] In olden times, the market was situated next to the waterfront from where the sellers bought its goods directly from the docks.

Nearby, heading towards the Flora Garden at Guia Hill and Avenida de Horta e Costa is another main shopping area known as the Three Lamps District.

Along the streets and nearby alleys are a variety of shops that sell clothing, shoes, jewelry and small electronic parts at affordable prices.