It is a significant transport artery, and site of frequent traffic congestion.
The street is named for the ramparts (Slovak: šance, German: Schanze), Hungarian: sánc), which were previously located here, forming part of the customs border for the city.
Nearby stands a building that has been under construction for some years, which was to be 34 floors high upon completion.
As of April 2007, only 8 above-ground levels have been completed, and it remains today in this unfinished state.
Monografia mestskej časti Bratislava-Nové Mesto (in Slovak).