The palace was built on the site of the old Sărindar monastery; the fountain in front of the palace bears its name. The construction was done by a team headed by architect Maimarolu, in collaboration with engineers
Anghel Saligny and
Elie Radu, together with Paul Saligny and Mircea Radu; the interior decoration was supervised by architect . During the 1916
German occupation of
Bucharest in the
First World War, the building's interiors were devastated. After the end of the war, the palace was officially inaugurated in 1923. During the
communist period, the name was replaced with "Central House of the Army" (Casa Centrală a Armatei). In 1989, it was renamed the "National Military Circle" (Cercul Militar Național). Today, the National Military Circle palace is considered a historic and architectural monument. It represents the central cultural institution of the Romanian army and it is also used for various cultural events and for representation and protocol purposes. The restaurant and the terrace are open to the public. ==History of the Military Circle==