The Palais Royal was originally known as the Palais Richelieu, because it had been built for Cardinal Richelieu in 1629. When the Cardinal died, the property passed to the royals and name - and the usage - of the palace changed dramatically. At first it was simply an entertainment venue. When the coffers began to run low additional buildings were built around the gardens, giving the palace compound the look that you see today. Since the early 19th century the Palais Royal has been a favorite gathering place.
For a number of years, it was a hotbed of revolution and vice; ultimately being neglected by the city and the French government. In the early years of the 20th century the gardens were restored and some official activity moved back into the compound. Today, the gardens are serene and the shops the line the buildings attract customers from all quarters of the city.