Formerly called the town hall or fountain square. In the Middle Ages here was the center of town life.
Today, however, it no longer reflects the medieval conformation, although it still retains the ancient public fountain around which the fish and vegetable market was held. Stores and cafes overlook the square on one side, and historic buildingsline the other: palazzo Garampi (seat of the City Hall), palazzo dell'Arengo and palazzo del Podestà. At the end of the square is the Galli Theater, inaugurated in 1857 by Giuseppe Verdi. Rebuilt in the groove of the Neoclassical Theater, respecting the original designs of both the spaces and the decorative apparatus, the "Galli" returned to raise its curtain after 27,333 days, 898 months, 75 years, finally returned to Rimini and the Rimini community.
Overlooking the square is the Vecchia Pescheria, the work of Giovan Francesco Buonamici. It reflects the economic importance of fishing in Rimini. It is one of the most picturesque and characteristic places in the city.
It was erected in 1747. It takes the form of a two-tiered loggia opened by three round arches; at the corners four statuettes of dolphins with gushing water (the fountains for cleaning fish). Inside, long Istrian stone stalls where women sold poveracce (clams).
Today this area together with the adjacent Piazzetta San Gregorio has become the center of young people's evening life, with clubs, cantinas and meeting points.