Palác Dlouhá is located on the corner of Dlouhá and Hradební streets, a strategic location just a few minutes' walk from Old Town Square. The square's glorious appearance is the product of over a thousand years of history, first as a market and crossroads of European trade routes, and then as the most important part of Prague's Old Town. Dominant buildings include the Town Hall with its astronomical clock, the Gothic church of Our Lady Before Týn and Ladislav Šaloun's memorial to Jan Hus. The slum clearance of the 1890s had a significant impact on the nearby architecture – the buildings on the north side of the square were demolished, and a new boulevard with a view up to the Letná park was created – Mikulášská, known from 1926 onwards as Pařížská. Palác Dlouhá is also close to two other significant buildings – the newly-renovated Main Station and Masaryk Station. A few minutes' easy walk takes you to the platforms of all three metro lines, the Vltava river and Letná park. Closer still are the 5, 14, 8 and 26 tram lines, which stop at the end of Dlouhá třída, close by the palace. Also nearby are the Kotva and Palladium shopping centres, with a wide range of shops. From there, Prague's largest pedestrian street, Na Příkopě, takes you to the expanse of Wenceslas Square. After 1989 many world-famous brands opened stores in this area, together with leading banks and institutions, making the street one of Prague's best-known shopping areas.