The factory is located at the foot of a high slope on the left bank of the Moscow River, which, due to the peculiarities of the terrain, was named "Three Hills." This determined the name "Three Hills Manufactory." Today, it occupies a block bounded by Krasnopresnenskaya Embankment, 1905 Street, Nikolaev Street, and Rochdelskaya Street in the Presnensky district of the Central Administrative Okrug.

The history of the oldest textile enterprise in Moscow began in 1799 when Moscow merchants V.I. Prokhorov and F.I. Rezhanov founded a calico printing factory. By the end of the 19th century, the "Prokhorovskaya Three Hills Manufactory" had become one of the largest weaving and paper-spinning enterprises in Russia, with 1,500 looms for producing various fabrics. During the Soviet era, renamed "Krasno-Presnenskaya," the manufactory continued to produce weaving and spinning products, producing up to 200 million meters of fabric annually in the 1980s. Currently, the enterprise is planned to be relocated outside the capital to a new site.

The architectural appearance of the preserved historical buildings of the "Three Hills Manufactory" was formed by the end of the 19th century. The historical core consists of spinning and weaving buildings, a bleaching shop, and a engraving workshop, created according to the designs of architects A.N. Milyukov, V.G. Zalesky, N.I. Finisov, and S. Konovalov. In the southern part of the territory, on the embankment, one of the first heat and power plants in Moscow, producing both heat and electricity, was built from 1925 to 1928 according to the project of architect M. Babitsky.

The renovation project of the "Three Hills Manufactory" represents a unique architectural object that combines modern and historical architecture. The concept of the project "Live, Work & Play" creates a kind of city within a city with squares, walking areas, and necessary infrastructure. The renovation involves transforming the spinning building and engraving workshop into a DeLuxe apartment complex, the weaving building into a hotel, the bleaching shop into workshops, galleries, or premises for various purposes, and historically significant objects into office spaces. The regeneration of the historical buildings, the creation of intimate courtyards, pedestrian boulevards, and recreational public spaces will allow transforming the ancient industrial area into a harmonious living environment.