The name of the street dates back to 1878, when a merchant, Toma Radulovic, put on his shop the name Gospodska Street. This unofficial name is most commonly used even today, despite its official name, which changed more than once. The reason why Gospodska Street deviates from the rectilinear street scheme is due to terrain i.e. Muslin pond and Pirijijna garden, which were there in the nineties of the 19th century.
The most prominent buildings in Gospodska Street were some facilities – Albanija building, built in 1862 and other ones were in the site of the present building of the City Administration. The Albanija building was demolished in 1957 for the construction of today’s skyscraper. Opposite to it was a commercial and residential building Titanik, which was destroyed in the earthquake, and in its place today is the department store Boska.
Between the two buildings that determined the direction of Gospodska Street, rows of buildings were built, mainly intended for trade. In addition to the simple and humble buildings, there were also those in the style of Neo-Renaissance and Art Nouveau. Spatial, ambient, urban and architectural qualities of Gospodska Street represent a valuable monumental complex which contains the testimony of an emerging part of Banja Luka.
In the building of merchant Maslesa, in 1906, his son was born – the revolutionary Veselin Maslesa, whose name the street bears since the end of the Second World War.