It is located on Victory Avenue (Calea Victoriei), one of the main arteries of downtown Bucharest.
It is classified as a historical monument of national interest,[1] under the number B-II-mA-19863.
[2] That year, by court order, the building was returned to the heirs of the family who owned it before it was nationalized.
[3] In 2015, the owners declared their intention to transform the palace into a multicultural center.
[1] In the same year, a restaurant was opened in the garden and the palace was planned to be used for live music shows, exhibitions, fairs, events for children, and other entertainment activities.