It was named after the Tailors' Guild, who took care of and guarded this part of the city.

Near the tower — where Baba Novac, general of Michael the Brave and Saski priest, was killed in 1601 by General Basta — there is a statue of Baba Novac.

Deserted until 2007, the municipality of Cluj-Napoca undertook to include the tower in the city's touristic itinerary, financing its restoration.

The tower is now a Centre for Urban Culture, based on a project offered by the Transilvanian Branch of the Architects’ Chamber of Romania in collaboration with BAU (Birou de Arhitectura si Urbanism).

The Centre hosts a flexible exhibition space on its three floors being also used for different events such as conferences.