The mansion was named after Moscow’s rich merchant Grigori Tarasov. Architect I. Joltovki was put in charge of the mansion’s construction. It started in late 19th century and were only completed by his sons in 1912, a year after the merchant’s death.
The neoclassic style mansion is meant as a free copy of Palazzo Thiene de Vicenze (Italy) that dates back to the 15th century. Staged around an open inner courtyard, it consists of two one-storey buildings and an adjoining building. The interior decoration also mirrors the Italian renaissance inspiration, particularly with the painted vaults and ceilings by I. Nivinski and the frieze that decorates the ball room painted by E. Lancere.
Nationalized after the October Revolutoin, Tasarov Mansion now hosts the Russian Science Academy Institute of Africa.