After its opening, the "Savoy" Theater, known in the 1940s as Kino-Theater "Kosova", became the centre, where the most important cultural institutions would be established in post-war Albania.

The interventions of 1950–1954 proved the engagement of some of the most prominent architects after World War II in the country, such as A. Lufi, S. Pashallari, and others.

Scholars classify it as a rationalist building with the influences of Sant Elia and De Chirico's futurism and paintings.

[8] In 2018, the Albanian government, under Prime Minister Edi Rama, decided to demolish and replace the theater with a new building designed by Bjarke Ingels Group.

The National Theatre was relocated to a temporary modern venue named ArTurbina located on Sami Frasheri Street in Tirana.

[11] In May 2020, more than 20 Members of the European Parliament, including Michael Gahler, David Lega, Johann Wadephul, Doris Pack and Ramona Strugariu, condemned the planned demolition of the historical building.

The President of the European Council, Donald Tusk, along with the Swedish, German and British Embassies in Tirana, spoke against it as well.

[16] On the 5th of May, 2023, the Tirana Municipal Council approved the transfer of a 1,266 sq.m plot next to the National Theater to Fusha, as part of a deal involving 50% of the floor space in any future constructions on the site.

However, in March 2024, it came to light that Fusha intended to construct a 23-story building on the property, contradicting previous guarantees made by Prime Minister Rama and Mayor Veliaj.