The park was named after Col. Jaime Camacho Velasquez, a 1931 U.S. Military Academy graduate, World War II veteran, former director of Ayala Corporation and one of the chief implementors of the development of the Makati CBD.

[4] After 6 years, the market grew to become the home of 150 merchants that offer different regional cuisine from the Ilocos, Pampanga and Bicol, as well as several international gourmet foods including French, Thai and Indonesian organic produce.

[2] Local desserts and delicacies are also a major staple of the market which also provides an outdoor communal dining area for shoppers and diners.

[2] The Salcedo Market also sells organic plants, flowers, healthy supplements, ceramics and other house wares.

It is sponsored by Barangay Bel-Air, Makati Commercial Estate Association, Inc., Bank of the Philippine Islands, Globe Telecom, and Alveo.