The building is named after the founder of the Revisionist Zionism movement, Ze'ev Jabotinsky and serves as the headquarters of the Israeli right-wing Likud party.
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It is built on the site of the shack that, during the 1930s, served as the headquarters of the Revisionist Zionism movement, Betar youth movement, and as the secret meeting place of the Irgun fighters.
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On the night of the 1977 "revolution", when for the first time in Israel's history, the right wing won an election, Menachem Begin delivered his victory speech to an audience of party activists in the Independence Hall of the building.