The building is located in the Posadskaya part of the city, not far from the main highway, Lenin Avenue. Its semicircular part faces the street, while the inner courtyard extends deep into the block. It dominates the surrounding architecture. It was built in 1933-34 according to the design of Ivanovo architect Alexander Ivanovich Panov.

Alexander Ivanovich Panov was born in 1897 in the village of Vysokovo, Nerekhtsky district, Kostroma province. He studied at the Higher Art and Technical Workshops in the early 1920s and graduated from the engineering and construction faculty of the Ivanovo Polytechnic Institute in 1925. His diploma project was a railway station in Ivanovo-Voznesensk. Panov lived and worked in Ivanovo, where buildings were constructed in various cities of the region according to his designs. In addition to architecture, he was engaged in painting.

In the 1930s, A.I. Panov became the author of several building projects in the constructivist style, including the House, the Horseshoe, and the outpatient clinic in Ushakovo (Ivanovo, Shkolnaya St., 23). He also participated in the development of housing projects for the professors of the Ivanovo-Voznesensky Polytechnic Institute (Pushkin St., 5-7).

The House, the Horseshoe, is one of the most original buildings in the city and a bright example of architecture from the constructivist period in Ivanovo.

The walls of the building are made of silicate brick and are not plastered; the inter-floor ceilings are wooden, while those above the basement are made of reinforced concrete. In the 1950s, the originally five-story risalits were raised to six stories.

The six-story building has a horseshoe shape in plan with an expressive arc of the main facade, from which rectangular risalits protrude significantly. The rhythm of their verticals is emphasized by four tiers of large triangular balconies. Wide horizontal windows and red brick pilasters create the effect of ribbon glazing.

The central part of the street facade on the first floor is highlighted by a solid glass showcase and accentuated by powerful round columns supporting the central risalit. On the more modest courtyard facade, important elements are the small semicircular balconies.

On the first floor, along the outer perimeter of the building, there is a suite of store halls, while utility rooms face the courtyard. The other floors contain 104 apartments of various capacities (from two to six rooms). Despite the unusual shape of the plan, the apartments with separate kitchens, bathrooms, and storage rooms were economically planned and quite comfortable for their time.