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The land where the road is currently located was originally the location of large cliffs with no road access. Before the construction of the highway, some roads and balnearios had preceded the project under the second government of Augusto B. Leguía.[1][2][3]
The land was reclaimed to make way for the project using land dug up from the construction of the Paseo de la República, an idea by then mayor of Miraflores Ernesto Aramburú Menchaca [es].[1][2] The Costa Verde project began and ended in the 1970s, with its name coming from a part of the plan that included adding vegetation to the then bare cliffs.[2]
In 1983, La Rosa Náutica, a seaside restaurant, was built on one of the jetties next to the road circuit.