The square was created in 1879 when Michail Bellos (Μιχαήλ Μπέλλος) was mayor, and was long named Bellou Square (Πλατεία Μπέλλου) after him.
A public space was created in 1879 during Michail Bellos' time as mayor, and it had been known as Bellou Square (Πλατεία Μπέλλου) until then, reflecting his connection to the area.