Near one of the most commercial streets of the city, Aneksartisias street, the square has always been a recreational and relaxing area, where people would meet in the city center.
The historic Heroes Square was created in 1910, and the historical monument in its center, in 1946.
Rialto Theatre originally functioned as a cinema in 1933 and it has been an integral part of the identity of the square since, hosting plays and dance performances.
The square is now an adored meeting point, hosting cafes, fast food joints, taverns, galleries, bars and clubs.