At the end of 19th and beginning of the 20th century, around it were constructed tenements, almost all of which, survive to the present day.

[1] In 1945, it was renamed to the Allied Square (Polish: Plac Sprzymierzonych), and in 1950, to the Konstantin Rokossovsky Square (Polish: Plac Konstantego Rokossowskiego), after a 20th-century military officer who was the Marshal of the Soviet Union, the Marshal of Poland, and the Minister of National Defence.

[6][5] In 2009 it was renamed to its current name, after the Grey Ranks, an underground paramilitary organisation of the Polish resistance during the Second World War.

[7] On 19 March 2000, there was unveiled the Marshal Józef Piłsudski Monument, designed by Bohdan Ronin-Walknowski.

The square is surrounded by historical tenements buildings, dating to the late 19th and early 20th centuries.