Its construction meant an important boost to the urbanisation of the south bank of the river Arlanzon around the dynamic neighbourhood of Vega. It suffered the ecclesiastical confiscations of 1835 and was used temporarily as a military hospital. The building was bought by the Society of Jesus in 1880.
It was fully restored in 2002 after a fire and it opened its doors again in 2003. The fire burned down the altarpiece and the organ.