The seized the land of the former Quinta de Santo António do Bonjardim, belonging to Gonçalo Cristóvão de Mesquita. In 1838, the latter ceded the land necessary for the opening of new streets, with the exception of one, in the extreme south, where there was a spring and where he ordered the construction of a water chest, which would end up being demolished in 1853. The fountain was built later and was named after the square where it was built and the fair that took place there.
