The palace was planned by E. Collamarini in the first years of the XXth century. Contemporaneously, the Acquaderni Arcade was opened  under the palace, in the same place of the ancient church of Saint Giobbe. The elegant arcade was decorated by L. Lambertini who also placed four old polychromatic prints representing Piazza Maggiore, the Procession of the Madonna di San Luca, Piazza San Domenico and Piazza Malpighi.