[citation needed] Originally, the area where today stands the commercial and financial sector Sabana Grande, was an agricultural town in which there were some coffee plantations, such as Hacienda Ibarra, which extended to the Central University of Venezuela and part of the neighborhoods Colinas de Bello Monte and Las Mercedes.

[1] Hacienda Ibarra was expropriated during the government of Isaías Medina Angarita to modernize the city and part of the previous house is still conserved in the campus of the Central University of Venezuela.

[5] Some say that around 1852, the area was elevated to a foreign parish by the Caracas authorities, which served to overcome its status as a hamlet, given the significant number of inhabitants and buildings.

The Plaza Brión de Chacaíto was built according to the commercial and financial district of Sabana Grande, despite belonging to Chacao Municipality today.

As a result of the problems of authority between the Caracas Metro and the Libertador Municipality, the Sabana Grande district lost maintenance and surveillance in the 1990s.