The Plaza de la Paz was considered to be the main plaza before the Jardin Union came to be. It was placed in a similar way to other zocalos in cities founded by the Spanish in the then New Spain.
It is located in the historic downtown of Guanajuato, just opposite the Cathedral Basilica of Our Lady of Collegiate Guanajuato. It is surrounded by colonial buildings, banks, and restaurants which in earlier times were the residences of Counts and important men.
In the Plaza de la Paz, several streets converge: San Diego or Cruz Verde, Pasaje de los Arcos, Tenaza, Zapateros, Condesa, Cuesta de Marqués and La Estrella. In 1987, the Monument to Peace was erected, by Mexican sculptor Jesus Contreras.
This bronze, stone, and marble sculpture, was inaugurated by the President of the Republic, General Porfirio Diaz on October 27, 1903, to commemorate the end of the War of Independence.