In 1881, the Council of Elders of the Kyiv Merchants Assembly acquired permission to establish a recreational area in the Tsarskaya (Tsar’s) Square (now the European Square) where a year later a brick building decorated with towers and metal eaves was erected by the famous Kyiv architect Vladimir Nikolayev and named the Merchants' House  (Merchants' Assembly).
In 1881, the Council of Elders of the Kyiv Merchants Assembly obtained authorization to create a recreational zone in Tsarskaya Square (now European Square), where, one year later, a brick structure adorned with towers and metal eaves was constructed by the renowned Kyiv architect Vladimir Nikolayev and called the Merchants' House (Kyiv Merchants Assembly).