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A second (and permanent) settlement was established on 11 June 1580 by Juan de Garay, who arrived by sailing down the Paraná River from Asunción (now the capital of Paraguay).He dubbed the settlement "Santísima Trinidad" and its port became "Puerto de Santa María de los Buenos Aires." From its earliest days, Buenos Aires depended primarily on trade."Buenos aires" can be translated as "fair winds" or "good airs", but the first one was the meaning intended by the founders in the 16th century, by the use of the original name "Real de Nuestra Señora Santa María del Buen Ayre".The Greater Buenos Aires conurbation, which also includes several Buenos Aires Province districts, constitutes the fourth-most populous metropolitan area in the Americas, with a population of around 17 million.

In 1335, King Alfonso the Gentle donated the church to the Mercedarians, who built an abbey that stands to this day.A second (and permanent) settlement was established in 1580 by Juan de Garay, who sailed down the Paraná River from Asunción (now the capital of Paraguay).Garay preserved the name originally chosen by Mendoza, calling the city Ciudad de la Santísima Trinidad y Puerto de Santa María del Buen Aire ("City of the Most Holy Trinity and Port of Saint Mary of the Fair Winds").The city limits were enlarged to include the towns of Belgrano and Flores; both are now neighborhoods of the city.The 1994 constitutional amendment granted the city autonomy, hence its formal name: Autonomous City of Buenos Aires (Ciudad Autónoma de Buenos Aires; "CABA").

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