It was designed in 1923 urban plan on the site of the former fairground that was east of Draškovića street as the new center of then new eastern part of the town that was deliberately and systematically built in the 1920s and 1930s.

In the center of the square is the green area with a building called Meštrović Pavilion which has a circular layout with a colonnade around the rim and a low dome.

The minarets were removed in 1948, and the building was converted in 1949 to the Museum of the Croatian Revolution (in World War II).

At the beginning of the 1990s, the building was returned to the Croatian Association of Visual Artists and was restored to its original state in 2003.

On the north side of the square is the business-residential building made by architect Viktor Kovačić in 1922, while the entire south side of the square is enclosed by large five-storey residential-commercial block built in 1933 as a residential building for- the Croatian Academy of Sciences and Arts built by architects Edo Šen and Milovan Kovačević.