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When the New Town was being constructed the valley contained a loch called the Nor'Loch. After it was drained the area was converted into public gardens called Princes Street Gardens. These gardens contain an amphitheatre, the Scott Monument, a war memorial and a floral clock.
On the street's North side there are a number of department stores, including the famous Jenners Department Store.
Also on the street's south side (as well as the gardens) are the Royal Scottish Academy and the National Gallery of Scotland at the foot of The Mound, Waverley station and the Balmoral Hotel.