The park is bounded by the streets of Gavrila Principa on the east, Lička on the south and Karađorđeva on the west.

North border of the park is marked by the building of the University of Belgrade's Faculty of Economics.

That year, city assembly changed its name to Park Luka Ćelović in honor of Luka Ćelović, one of the richest and most influential Serbs in the early 20th century, head of the Belgrade Cooperative, a merchant and a major philanthropist.

After participating in the film Marble Ass by Želimir Žilnik, local transgender prostitute Vjeran Mladenović (1958–2003), nicknamed Merlinka (after Marilyn Monroe), became a celebrity.

[7][8] By the mid-2010s, the prostitutes left the park and from 2015 it became one of the central gathering points for the Middle Eastern immigrants from the European migrant crisis.