Built as residence for the attendant of Borgmestervangen and Rådmandsvangen, two pastures available to the mayors of Copenhagen, it received its name after a Tage Nielsen who died in 1704.

Other early industrial enterprises were Københavns Saffiansfabriken, a manufacturer of goat's skin products founded in 1869, and Copenhagen's Horse Shoe Factory.

Hauberg paid for a new embankment across Sortedam Lake and a horse-drawn tram line began operating between the city centre and his plant in 1887 but a road connection was not constructed until the army finally released the area in 1899.

Located on the southwest side of Tagensveh and northwest of Tuborgvej, Bispeparken was with its 827 apartments the largest housing estate in Scandinavia at the time of its completion in 1941, The masterplan for the development was designed by Ivar Bentsen in collaboration with Kooperative Arkitekter while the individual buildings were designed by different architects.

[4] On the other side of Tagensvej, a little further north, is På Bjerget ("On the Hill"), a development of uniform houses which surrounds Grundtvig's Church.

At Rigshospitalet, on the corner of Tagensvej with Blegdamsvej, stands Rudolph Tegner's large group sculpture Towards the Light.

It was installed in 1909 as a memorial to the physician and scientist Niels Ryberg Finsen who won the Nobel Prize in Medicine and Physiology in 1903.

Skjold Plads Station, served by Copenhagen Metro's City Circle Line, opened at the junction with Haraldsgade in September 2019.