Named after Walther-Schreiber-Platz, which honours a Governing Mayor of West Berlin.
Walther Schreiber (1884–1958), a co-founder of the CDU, was Governing Mayor of West Berlin from 22 October 1953 to 11 January 1955. He died on 30 June 1958, and on 5 July 1958, less than a week later, the square was given his name. Local residents still often call it Rheineck, as they did before the official naming; the Rheineck pharmacy here keeps that name alive.