Erected between 1774-85 by the architect Eberhardt Blaumann, the palace is designed to fill an urban plot placed in the major square of the city. The palace is a two storey rectangular shaped building around a inner courtyard adorned with an elegant portico. Innitially a residence of the Banffy Family, the palace is in the present days the Regional Art Gallery of Transylvania. The shape of the mansarded roof is characteristic for the Transylvanian Baroque Architecture. The entrance is marked by a projected 5 bays of the facade and a ceremonial balcony.