The road that today constitutes the street was laid by Francisco Pizarro when he founded the city of Lima on 18 January 1535. Since the end of the 16th century, a Corral de comedias existed on the street. In 1615, the first venue was built, which was destroyed by an earthquake in 1746. Since then, the venue has undergone several renovations and is now known as the Segura Theatre.[1]
According to oral tradition, in 1651 an Angolanslave painted an image of the crucified Jesus Christ in a brotherhood of his caste in the Pachacamilla neighbourhood, where this street extends. An earthquake that occurred shortly after ruined the house, leaving only the wall that had the figure on it unscathed. In 1660, resident Andrés de León decided to build a small chapel for the worship of said image. However, as the ecclesiastical chapter of Lima did not consider the site decent, it ordered the destruction of the chapel and image. Given this, the site was acquired by the Biscayan captain Sebastián de Antuñano y Rivas who erected a temple for the veneration of the Holy Christ of Miracles as he began to be called. In 1730 the first church of the Sanctuary and Monastery of Las Nazarenas was built and in 1746 it was rebuilt because it was destroyed during an earthquake. The church is now the location of the cult of the Lord of Miracles.
In 1862, when the new urban nomenclature was adopted, the road was renamed Jirón Huancavelica after the Department of Huancavelica. Prior to this renaming, each block (cuadra) had a unique name:
Block 1: Lezcano, after Pedro de Lezcano Centeno y Valdez, who lived there.[3]
Block 2: Siete de Septiembre, changed from its original name of Coliseo to commemorate the arrival of San Martín to Paracas Bay, later known as the Plazuela del Teatro after the Segura Theatre.[4]
Block 3: Ortiz, after an unidentified neighbour of the same name.[5]
The Edificio Santo Toribio was built in the street's intersection with the Jirón Rufino Torrico in 1923 by Fred T. Ley & Cía, an American company. The three-storey, 925.30 m2 work is part of the set of real estate projects undertaken by the Archbishop of Lima, Emilio Lissón, in the 1920s in order to strengthen the economic activities of the archdiocese.[10]