On Leningradsky Prospekt, near house No. 27, there are pylons adorned with sculptures by K. Klodt (the grandson) and S. Volnukhin "Dioscuri Taming Horses." They mark the beginning of the Racing Alley, which runs parallel to the Riding Alley and leads to the hippodrome, the venue for horse racing and trotting. This building attracts attention both for its appearance and status, and is popular among horse lovers.

On August 1, 1834, the first trotting races took place here, in the southern part of Khodynka Field. The official opening of the hippodrome occurred on September 12, 1834. Three years later, the first stands were built in the form of two-story pavilions and a triangular racing field. Twenty years later, oval tracks for racing appeared.

Races were held with a driver in a special single-seat carriage, while the races featured a jockey riding a horse. These events took place in different locations: races at the current hippodrome, and trotting across the street at the "Young Pioneers" stadium. In 1882, this area was allocated to the All-Russian Art and Industrial Exhibition, and the trotting was relocated.

The popularity of the hippodrome prompted the Moscow Riding Society to build new stands. The competition was won by architects I.T. Baryutin and S.F. Kulagin. In 1896 and 1899, they constructed the main building of the hippodrome, adorned with towers, a four-column portico, and sculptures of horses (sculptors K. Klodt and S. Volnukhin), which became beloved by Muscovites.

In 1949, a fire destroyed the stands. In 1953 and 1954, I.V. Zholtovsky, V.L. Voskresensky, and P.I. Skokan almost completely rebuilt the building. Now it features one elegant tower and a powerful eight-column portico. The horse sculptures, which were not damaged in the fire, were moved to the new building.

Since the late 1870s, the totalizator became an integral part of the hippodrome, although it faced opposition from figures such as lawyer F.N. Plevako and writer V.A. Gilyarovsky. Despite interruptions, it has survived to this day.

The territory of the hippodrome was not always used for its intended purpose. In the 1880s, hot air balloons were launched here, and in May 1910, there were demonstration flights on S.I. Utochkin's airplane. During the Civil War, military training sessions and rallies were held here. Trotting races resumed only in 1921. After several decades of successful operation, in the 1990s, the hippodrome faced threats, but competitions resumed in 2000.

Horses cannot tolerate insect bites, so the hippodrome area is treated with special means, which is beneficial for residents of nearby houses.

Today, it is one of the largest hippodromes in Russia, where tests of horses of various breeds for speed and endurance take place, as well as equestrian sports competitions, show jumping, and dressage. Additionally, the hippodrome serves as a scientific and experimental base for the Institute of Horse Breeding.