In the 19th century it was inhabited primarily by Jews, who converted the street into a large open-air marketplace.
The name itself was derived from the Church of Saint Francis owned by the Franciscans.
The church was finally finished with the completion of the main altar in the mid-1970s.
The street itself was rebuilt in 1949, with most of the buildings, constructed in what was at the time a "model" socialist housing style, occupied in 1950.
Franciszkańska is a residential street in a very desirable part of town.