At the end of the 19th century, a marketplace was established on an empty lot to the east of Beit Ya'akov and across the road from Mahane Yehuda which was owned by the Sephardi Valero family; this market was known as "Shuk Beit Yaakov" (Beit Yaakov Market). Here Arab merchants and fellaheen sold their goods to the residents who lived outside the Old City. As the new neighborhoods outside the Old City grew, the Beit Yaakov Market grew apace with more stalls, tents and pavilions.