Built in 1756, 19^th  and 20^th centuries, the place takes its name from the statue of Louis XV at its centre. The architecture of Place Royale is typical of the 18th century: arcades and roofs with balusters with horizontal lines. The pediment of the Hôtel des Fermes, the current subprefecture, depicts the commercial activities of Reims.

Listed as Monument Historique in 1952