It was built on part of the land of the old San Felipe Hippodrome, from which it takes its name. It was designed by the team of architects of the National Housing Board of the first presidency of Fernando Belaúnde, and part of the architectural project developed by the Peruvian State to alleviate the housing needs of the middle class.[1][5][6] The work began in 1962 and was delivered four years later. The residential complex consists of 33 buildings of different heights. The land occupies an area of 27 hectares, with squares and 25,000 m2 of gardens;[1] It has some 1,599 multi-family homes for the middle class due to the growth of the population in Lima, with affordable prices and easy payments.[7]