Before 1986, it was situated in the east side of it, in the vicinity of the building between the Calle de Alcalá and the Carrera St. Jerónimo. That year, it was moved to the front of Carmen Street for the square's reform and remodeling, promoted by mayor Enrique Tierno Galván. In September 2009, with the integral renewal of the square promoted by Alberto Ruiz-Gallardón, it has gone back to its original location.