A small wooden summer chapel near the spring of St. Alexius, Metropolitan of Moscow, was built not far from the site of the destroyed stone Alexievskaya chapel on the banks of the Oka.

According to legend, in Nizhny Novgorod, near the Oka river embankment, there was a stream known as "Gremyachy Klyuch". Here, in 1367, St. Alexius stopped to rest while returning from the Golden Horde, where he defended the Russian land. In 1373, during another visit to Nizhny Novgorod, St. Alexius blessed the construction of a chapel at the foot of the hill near the Annunciation Monastery at the holy spring, which was completed that same year.

In 1725, thanks to the efforts of the abbot of the Annunciation Monastery, Archimandrite Lavrenty, the wooden chapel was rebuilt in stone. In 1838, during a visit to Nizhny Novgorod by Emperor Nicholas I, his Imperial command was given to create a project for decorating the Alexievskaya chapel in an ancient style with a fountain. In 1847, following the royal decree, according to the project of architect Kizevetter G.I. and funded by first-guild merchant Vereninov, the chapel was rebuilt anew.

It was an octagonal stone structure with half-columns and a tent roof, topped with a golden dome cross. Inside, there was an iconostasis, and in the center of the prayer hall, a baptismal font was installed with two openings for flowing spring water supplied from the source through a pipeline. Water from the font flowed into a small pool outside the chapel. This form of the chapel existed until 1928 when it was destroyed.

In its place, a cross was erected in 2007, and later a new wooden chapel in the style of "octagon on a square" was built.