In 1748 it was 300 years since the Oldenburg family took the throne in Denmark, and in 1749 the 300-year jubilee of the coronation of Christian I of Denmark was commemorated with the establishment of a new district in Copenhagen called Frederiksstad.
At the center of the district lay the four palaces at Amalienborg, including the Moltke Palace, today known as Christian VII's Palace, surrounding the octagonal Amalienborg Plaza.