The station was opened on July 1, 1963. While the station itself was designed by Mayofis and Maximov, the interior was designed by Getskin, Shuvalova and Andreyev. The station has two sets of exits on Mikhailovskya Street.
The station is linked to Gostiny Dvor via a transfer corridor that descends to the middle of the platform and a set of escalators at the platform's northern end.