El Helicoide is built on a hill in Roca Tarpeya between the parishes of San Pedro and San Agustín, in the extension of the avenues Armed Forces, President Medina Angarita, and Nueva Granada. It has the shape of a three-sided pyramid with curved points formed by elevated paved roads intended for vehicle traffic and parking around an enclosed central area.
Its construction was undertaken by a private company during the government of then-president Marcos Pérez Jiménez in 1956. It was designed by the architects Pedro Neuberger, Dirk Bornhorst and Jorge Romero Gutiérrez. The project was to have included 300 boutiques, eight cinemas, a heliport, a 5-star hotel, a park, a club of owners and a show palace on the seventh level. The building would include a 4 km long ramp spiraling around the structure itself, allowing vehicles to enter the building and park inside. The project would have cost $10 million in 1958.