Being scarcely more than a roundabout, its center is occupied since 1990 by a 30-metre high metal monument made by Josep Viladomat in the 1930s called La República, with the effigy of Francesc Pi i Margall. The monument was originally located in the much more famous intersection between Passeig de Gràcia and Avinguda Diagonal, which is nowadays still crowned by a Francoist monument.[clarification needed]
The November 29, 2015 the City Council announced the upcoming change of name of the square, which will be renamed "Plaça de la República". The change will be effective on April 14, 2016.[1]