Founded in 1846 by M. Ya. Ryabushinsky, a small weaving factory located at the intersection of 1st and 3rd Golutvinsky Lanes passed into the ownership of Moscow merchants Istominy. In 1874, they established the Moscow Golutvinskaya Weaving Manufactory Partnership, specializing in Central Asian and domestic products, and began active construction of new production facilities.

The Istomins planned significant changes to the development of the southern part of the territory, including the construction of a weaving building on the acquired site on Yakimanskaya Embankment of the Water Drainage Canal, where wooden houses had previously stood. From 1897 to 1899, the factory acquired four plots of land, including a plot of 325 square fathoms, previously owned by merchant L. S. Bulicheva. On this plot, a five-story stone building with a non-residential basement for manual weaving production, storages, and workers' dormitories was built.

The new building (Yakimanskaya Embankment, 4, bldg. 1) solidified the red lines of the coastal route and Bezimyannyy Lane. The building's facades, executed in brick style, were adorned with towers, creating a complex silhouette in the panorama of the embankment. The projects for the embankment building, known as the "New Yard" (1899-1900), as well as the "Old Yard" along 1st Golutvinsky Lane (1895), were developed by architect A. M. Kalmykov. He was a master of the modern and "brick" style, as well as the author of several apartment buildings and industrial structures in Zamoskvorechye.

In the early 20th century, Kalmykov was again engaged for the construction of a new residential building (1905), called the red dormitories, and the largest production building in the ensemble, a continuation of the "New Yard" with a facade along Bezimyannyy Lane. This building, constructed in 1910-1911, is richly decorated and features an expressive water tower. The "New Yard" became a two-part building with a blind firewall between the structures for fire safety. Currently, these buildings house a business center, with both buildings connected by a common staircase with an unusual exit system.

The architects and engineers who built in Golutviny at the end of the 19th and beginning of the 20th century were bright representatives of their era. Among them were K. F. Busse, A. M. Kalmykov, Kashman, P. P. Shchekotov, B. M. Eppinger, V. V. Sherwood, and others.

After the October Revolution of 1917, the management of the manufactory passed to the Factory Committee, which included M. Istomin, the former chairman of the board of the Golutvinskaya Manufactory Partnership. In Soviet times, production was called the "Red Textile Workers" factory, and in the late 1920s, the ensemble of factory buildings was supplemented by the constructivist building of the House of Culture.

After the factory closed in the 1990s, both blocks of industrial buildings were reconstructed while preserving their historical and architectural appearance and became the business park "Golutvinskaya Sloboda." This was the first successful example in Moscow of adapting an industrial area for Class A offices, carried out by the Golutvinskaya Sloboda group of companies with the support of the Moscow government. The preservation of the historical and cultural context was recognized with a diploma from the International Congress on the Preservation of Industrial Heritage.