Balsam of Peru (Myroxylon pereirae) - a fragrance used in perfumes and skin lotions, derived from tree resin (see also Tolu balsam).
This name was replaced shortly after by the word toluene derived from the older name toluol, which refers to tolu balsam, an aromatic extract from the tropical Colombian tree Myroxylon balsamum, from which it was also isolated later.
Very characteristic to this quarter is that the streets on the quarter's center are alphabetical named after native trees: Acacia, Bálsamos (Myroxylon pereirae), Cedar, Date Palm, Ebony, Ficus, Guayacán, Fig, Ilanes, Jiguas, Laurel and Myrtle.