The station opened on 17 December 1969, as a premetro (underground tram) station on the tram line between De Brouckère and Schuman, and became a heavy metro station on 20 September 1976, serving former lines 1A and 1B. Following the reorganisation of the Brussels Metro on 4 April 2009, it is served by lines 1 and 5, which cross Brussels from east to west.
When the station was first built, there was a plan to eventually construct a connecting line along the route of the Rue Royale/Koningsstraat. To provide for this line, a much larger underground space was excavated than necessary for a simple station. The Rue Royale line was quickly cancelled, and the underground chambers intended for it now house the Brussels metro's traffic control centre.
The tunnel between Parc/Park and Arts-Loi/Kunst-Wet stations was the first section of the Brussels metro system to be built using a tunnelling shield. This was done as a test; most parts of the Brussels metro having been built using open construction methods.