Jean-Baptiste Vallin de la Mothe first built the palace around 1776, though the infobox gives 1770. The Yusupov family acquired the property, and Andrei Mikhailov reconstructed it in the 1830s, which gave the building its present appearance. Other architects worked on it, including the Italian sculptor Emilio Sala. The article names no style, materials or dimensions.
Ernst Friedrich von Liphart painted the curtain and ceiling of the palace theater, but the article does not say when. It claims the interiors were comparable to contemporary royal palaces, a statement tagged as needing a citation.
The palace was nationalized after the Russian Revolution and transferred to the city's Education Commissariat in 1925. It is now a Palace of Culture for Educators. The second-floor reception rooms and the section tied to the murder of Rasputin operate as a museum with public tours.

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