In the late 20th century, from mostly shopping area it evolved into the cultural center of the city. In 1987 there was a major reconstruction of Knez Mihailova and its transformation into the pedestrian zone. After six months of construction works, the street was open on 20 October 1987. It was paved with the black granite slabs from Jablanica, while a drinking fountain, made of white marble from Venčac, was erected in memory of former Delijska fountain which was further down the street. Previously nonexistent oak avenue through the middle of the street was also introduced, so as vintage looking candelabra which resemble the historical, gas ones. Commemorative plaque for Emilijan Josimović was placed near the “Ruski car” restaurant. During the reconstruction, when the old pavement was removed, an old plaque dedicated to the young volunteers who reconstructed the street in 1949, was found and the two plaques are now exhibited next to each other.