The name of the neighborhood means the "green wreath". "Venac" is usually used in Belgrade's geography in term of a round street (Obilićev Venac, Kosančićev Venac) or a rim of the river (Savski Venac, Dunavski Venac). However, in this case, it is used in the word's initial usage, meaning wreath. One of the first houses built in the neighborhood was a two-storey house at 1 Gospodska Street. It was rented by the Mrs. Hermann from Saxony, young widow of a hatmaker. The couple migrated to Belgrade in 1838, but after her husband's death, she decided to quit the hatmaking business, rented the house and turned it into the kafana. The venue had no name on it, but had a tin-made green wreath hanging on the façade. She picked the wreath as the kafana still faced at the cemetery. Mrs. Hermann established the venue around 1840 and operated it with her daughters. During Interbellum, the name Zeleni Venac spread to the entire neighborhood.