Even before the official foundation of Bucharest (September 20, 1459), the Lipscani area represented the heart of the city. Once the political and economic power concentrated in the area of the Princely Court, around 1600, a lot of guilds and shops came into being, and that is why the area would be populated with goldsmiths, hatters, shoemakers, tanners, furriers, saddlemakers, grocers a.o. Many streets in the area still bear the names of those tradesmen and craftsmen. Along with the Romanians, there were communities of Greek, Bulgarian, Serbian, Armenian, Jewish, Albanian and Austrian merchants. This mixture of nationalities is relevant for the flourishing trade relationships established in old Bucharest, to the benefit of both shopkeepers and customers.
If one takes an imaginary trip back into time, he or she can see the shopkeepers out in the street near their stores, for they never stood behind the counter; they would watch people from the outside, encourage them to buy their merchandise, negotiate prices with them, for each pedestrian could be a possible customer, and thus contribute to their wealth.
Luxury and poverty, expensive and cheap commodities were mixed up in the same manner in which the Eastern world would meet the Western one in this part of Europe.
There were many inns built in the area for the tradesmen who would stop by for business in Bucharest, or would be on their way to other cities and fairs. Most of the formely known inns have not resisted to the test of time; others can still be seen, like the Inn with Lime Trees (1833) or the Manuc's Inn (1808) - see also presentation.
When walking along the by-streets of Lipscani, one can still be impressed by the architecture of the one-storey houses built in different styles: Renaissance, Baroque, Neo Classic, or sometimes a mixture of them all, with their fine ornaments, baroque balconies, classic fašades and eclectic decorations.
At the end of Lipscani St. , there is the Smardan St., where one can find some banks built in the 19th century, i.e. the National Bank (built between 1883-1885, and conceived by architects Albert Galleron and Cassien Bernard in neo-classic French style), Ion Tiriac Bank, the Bank for Agriculture.
After having left the Smardan St., one reaches the Stavropoleos St., well-known for the famous Stavropoleos Church built in 1724 by the Greek monk Ioanichie, in late brancovan style (see its vegetal decorations: the belt with floral motives, columns with flowers). Near the church, there is a "chiostro", a yard with three covered sides, in which there are columns, slabs and tombstones. The "chiostro" was designed by one of the most prominent Romanian architects, Ion Mincu who also restored the church in 1899.
Where Stavropoleos St. meets Victoriei Avenue, there is a famous restaurant and beer house, i.e. "The Beer Cart" (1879). Both its fašades and interiors are built in Neo-gothic style (see pavement, columns, arches, chandeliers, wooden staircase, furniture, mural paintings on the walls and the ceiling). This place was much sought by famous Romanian literary and political figures, who would often meet there and discuss topical matters of their time over a mug of beer.
A bit farther, across the street, on the Victoriei Avenue, stands the Palace of the Savings Bank, an imposing and well-balanced edifice built in the French academic eclectic style by architect Paul Gottereau. The palace has a square shape, a large central dome with metallic ribs separated by glass, which allows natural light to come in; there are also four smaller domes, whereas the main entrance has a monumental archway, supported on both sides by two pillars in composite style.
Going back to Smardan St., one can admire the richly-decorated building of the Fashion House (1881) built in neo-classic style combined with Renaissance elements.