The building is located just south of the Belgrade Main railway station, in the southern corner of the Sava Square, at 2 Savska Street.

Being at the beginning of the Savska Street, it is across the Saint Sava Hospital, while the Monument to Stefan Nemanja and pedestrian section of the Ssva Square are to the northeast.

[8] Ukrainian émigré architect, and informant of the OGPU (later NKVD), Pavel Krat, was given the task of reducing the façade to the basic social realistic style.

With the construction of the Belgrade Waterfront since the mid-2010s, and the complete overhaul of the Sava Square, there were signals from the city and the investors, both for the restoration of the original, rich façade and for keeping the present appearance of the building.

National postal service, Pošta Srbije, announced it has no further need for the building, so the state, which is the official owner of the object, decided to sell it, foreseeing it might be adapted into the hotel.

[8] In February 2020, deputy mayor Goran Vesić announced the restoration of the original façade, after the reshaping of the Sava Square is finished.

City announced possible agreement with the investors to still finance the building's reconstruction into the cultural center, offering them tax rebates.

[14] Situation changed again in June 2022, when city announced that the old building will be completely demolished, and the new one, replica of the old, Korunović's design, will be built from scratch.

[18] It was then announced that the new building will be a cultural center, with additional galleries, artistic workshops, art schools, and bookstores.