The estate is bounded by the following streets: Nagykőrösi St., Határ St., Ady Endre St., Bercsényi St. During the last quarter of the 19th century, Greater Budapest's population grew almost threefold to nearly a million.
Commercial developers built densely packed large, multi-story apartment houses on narrow streets for new inhabitants of Budapest.
Most of these people were coming from villages and small towns, and did not feel comfortable in a big, crowded city without greenery and fresh air.
József Fleischl, a popular architect at the time, proposed building planned housing estates, similar to the ideas of the Ebenezer Howard's Garden city movement.
The government of Sándor Wekerle, then prime minister of Hungary supported these plans and invited tenders to implement such a housing estate.
Priority was given to government employees among rent applicants, but the estate, being very popular from the beginning already had 25% of its population from the privately employed, mostly workers of nearby factories.
Many of the famed architects of the era (e.g. Lajos Schodits, Béla Eberling, Dezső Zrumeczky, Gyula Wälder and Dénes Györgyi) designed houses on the square.