This was originally the bank of Grossling Island which lay just off the bank of the Danube. Its development began in the middle of the 18th century. In the 19th century there was a port and base for steam ship operators. In the middle of the 19th century the horse-drawn tramway system in place in Bratislava at the time lead here. Later on the terminus for the electric tramway to Vienna was built here.
The quayside gained its present appearance in the second half of the 19th century with the erection of buildings in various 'neo-' styles.
The quayside is named after S. H. Vajansky - a Slovak writer.