The square came into being in the second half of the 19th century, following an urban redevelopment (mainly for sanitary issues) involving the Cadoni property, then one of the most important in the town.
The final arrangement of the urban space, with the construction of the gusher and the four adjoining fountains, was part of a series of works undertaken in 1892, which also included the settlement of the banks of the nearby Rio Fluminera, the construction of the covered public washhouse and adjoining works (fountain, drinking trough and slaughterhouse).
Since 1954, in the centennial year since the definition of the dogma of the Immaculate Conception, a statue of the Immaculate Virgin (the work of the sculptor Pietro Tagliazucchi of Carrara) was placed in the fountain in place of the original gush, above a concrete base from which four new gushes of water originate.
