Initially, the road was known as Ulița Mare, also known as Drumul Brașovului, being part of the trade route between Bucharest and the city ofBrașov, in Transylvania. In 1692, ruler Constantin Brâncoveanu paved the road with wood and partly regularized it, making it pass through the domains of the Bălăceni, of the Saint John Monastery, Zlătari Monastery and of the Cantacuzenes up to the Sărindari Monastery. Since 1692 it was known as Podul Mogoșoaiei because it also was connecting the Bucharest's center with Brâncoveanu's Mogoșoaia Palace some km outside the city. Most roads in the Balkans at that time became muddy in the spring and autumn, and the wood prevented this. Consequently, the road was one of the most important construction works of the area and a source of pride to Bucharesters. The area surrounding the road became the most fashionable part of Bucharest: 35 boyar houses were located on the road itself in 1775. Podul Mogoșoaiei was the first street in Bucharest to be illuminated with candles during the night, starting July 1814. The wood was not a very sturdy material and often it was in a bad state, despite being repaired several times. During the Russian occupation of the Danubian Principalities, in the aftermath of the Russo-Turkish War, an extension from Piața Victoriei northward was built by Pavel Kiseleff, the commander of the occupation troops, and is today named after him. In 1842 the road was paved with cobblestone. It was later upgraded to asphalt. The road was renamed "Calea Victoriei" on October 12, 1878, following the Romanian victory in the Independence War of 1877-1878. Today, the avenue is lined with new fashion shops, art boutiques, coffee shops and restaurants, making it an upmarket shopping strip in Bucharest.
Buildings and monuments
Major buildings and monuments along the street include :
It was also long home to the Constantin Tănase Revue Theatre, and was the site of the old Romanian National Theater just north of Palatul Telefoanelor; the departed theatre's façade is replicated by the front of the Bucharest Novotel that opened in summer 2006. The Romanian Athenaeum is set back slightly from the street, with a small park in between. Calea Victoriei was Bucharest's showpiece street in the Interwar years. Tudor Octavian wrote, "this is how the whole of Bucharest would look if we had been allowed…, if its builders had been clever enough…". After roughly half a century of decline, it has recently been returning to this role. The National Museum of Art of Romania and the University Library across the street from it were restored in the 1990s; Palatul Telefoanelor was restored between 1997–2005; and there has been an ongoing refurbishment of the street's many hotels, including the Athénée Palace, the Majestic, the Capitol, and the Capșa Hotel; as of 2010, the Grand Hotel du Boulevard is undergoing restoration, while renovation of the Continental and Novotel has been completed.