It was this place that was chosen in 1588 by Captain Miguel Caldera and the Franciscans to form the first settlement with the name "Puesto de San Luis," with groups of Guachichiles Indigenous. Here is where the first San Luis Church was erected, and it was known by the name of Ermita de la Santa Vera Cruz.
According to tradition, it was in the current Plaza de Fundadores, where there city of San Luis Potosi was officially founded on November 3, 1592, due to the discovery of gold and silver deposits in the San Pedro Hill. Today, we can see a memorial staircase with fountains representing the springs that supplied water to the earliest settlers of the city.
During Holy Week, this plaza becomes the crossroad for the Procession of Silence, and it is where the traditional event, The Burning of Judas, takes place.
From this square, you can see the beautiful: Loretto Chapel, Temple of the Company, and the Central Building of the Universidad Autonoma de San Luis Potosi (House of Studies).