Palace Albania (Palata "Albanija") was finished in 1940. It was designed by Miladin Prljevic and Djordje Lazarevic, based on the 1938 project by Branko Bon and Milan Grakalic. It was the first highrise building in Belgrade and for a long time the highest one, domineering the architecture of Belgrade of the time.
Na osnovu konkursnog projekta Branka Bona i Milana Grakalića, iz 1938. godine, objekat je završen 1940. po projektima Miladina Prljevića i konstruktora inž. Đorđa Lazarevića. Dugo je bila najviša zgrada, dominirajući objekat moderne arhitekture na grebenu Beograda i visinski regulator prostorne kompozicije duž čitavog poteza Terazije - Slavija.
On the October 20, 1944 red flag on Palace Albania declared that Belgrade was liberated by Yugoslav Partisan forces and the Red Army. To this day it is the heighest reference point between Terazije and Slavija.
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