It stretches between the streets of Kneza Miloša on the east, Admirala Geprata on the north, Balkanska on the west and Nemanjina on the south.

It is embedded between the buildings of the Government of the Republic of Serbia, Finance Ministry and Supreme Court of Cassation.

The residence, planned as the sojourn for his sons Milan and Mihailo, was finished in 1836 and included a large garden, nucleus of the future park.

The building had one floor, it was long and spacious, built in the typical architectural style of the day and faced towards the Sava river.

After both princes, Miloš in 1839 and his son Mihailo in 1842, went into exile, both the residence and the garden were handed over to the state which in turn vested it to the Finance Ministry, so gradually it became known as the Financial Park.

On 18 April 2017, Belgrade City Assembly officially changed its name to Gavrilo Princip Park.

New, planned building will have "transparent" ground floor, which would allow view on the Hammam of Prince Miloš and northern section of the park.

[8][9] Marking ten year anniversary of Boris Kidrič's death, a monument dedicated to him was placed in the park in 1963.

One of the leaders of Slovenian partisans in World War II, and Josip Broz Tito's close collaborator Kidrič was appointed de facto Yugoslav minister of economy in 1948.

This included the equipment, experts, workers, licenses, technical documentation, industrial knowledge and technology.

It was decided to use replica of Petar Ubavkić's composition originally sculptured for the 1900 Paris World Fair.