In 1865 a competition for the design of a memorial to Queen Victoria's late Prince consort, Prince Albert, was won by W. J. Barre, who had earlier designed Belfast's Ulster Hall. Initially Barre was not awarded his prize and the contract was secretly given to Lanyon, Lynn, and Lanyon, who had come second. Following public outcry the contract was eventually awarded to Barre.[1] The construction cost of £2,500 (2011: £196,000) was raised by public subscription.
The sandstone memorial was constructed between 1865 and 1869 by Fitzpatrick Brothers builders and stands 113 feet tall in a mix of French and Italian Gothic styles. The base of the tower features flying buttresses with heraldic lions. A statue of the Prince in the robes of a Knight of the Garter stands on the western side of the tower and was sculpted by SF Lynn. A two tonne bell is housed in the tower and the clock was made by Francis Moore of High Street, Belfast.