The intersection has existed since the 1760s. The architectural dominant of the intersection, which has become one of the city's iconic symbols, is a tenement house with a turret located on the corner of Zagorodny Prospekt and Rubinstein Street. The house was built in 1913 in the neoclassical style according to the design of the architect A. L. Lishnevsky. L. K. Chukovskaya (from 1930 to 1941) and M. P. Bronstein (from 1931 to 1938) lived in this house, and A. A. Akhmatova often visited them. In 1800, the Commercial School was moved to the house on the corner of Zagorodny Prospekt and Lomonosov Street. It was the first trade educational institution for merchants' children in Russia.