THERE's A HOUSE in the Bank.The Russian Federation noted the growing interest of investors in the restoration of windows

DOM Bank.The Russian Federation has provided the Sphere development company with a loan of 248 million rubles for the restoration of a historic wing built in 1896, located in the center of Yaroslavl on Sovetskaya Street. The object has the status of cultural heritage and is part of the Polushkin estate. This was reported by the press service of DOM.RF Bank.

The new owner wants to use the renovated building to organize a hotel complex. The financing was provided within the framework of the presidential program of preferential lending to cultural heritage sites, operated by DOM.RF. The renovated wing is included in the list of 27 pilot cultural heritage sites, for which a preferential loan rate of 4%, subsidized by the state, is applied.

Currently, the cultural heritage site is not in operation and is in poor technical condition: the building has no roof, significant deformations of the walls have been recorded. The new owner plans to adapt the wing to the administrative premises of the hotel, which is supposed to be located in the Office building on Sovetskaya Square.

As noted by the Deputy Chairman of the Board of DOM Bank.Russian Federation Anton Medvedev, this project was the first for the bank in Yaroslavl in terms of lending for the restoration of cultural heritage sites.

"As a rule, windows have a very good location, but the process of their restoration requires significant investments. And here, the government—subsidized rate helps to support the project's economy and make it attractive to investors," said Deputy Chairman of the Board of DOM Bank.Russian Federation Anton Medvedev.

As reported, the interest of developers in adapting historical buildings for hotels is directly related to the dynamics of the region's tourism market. By the end of 2024, the tourist flow in the Yaroslavl region increased by 30%, and in 2025 the growth amounted to 51%. Yaroslavl receives more than 2 million tourists annually, remaining the most popular city in the Golden Ring and ahead of Vladimir and Kostroma in terms of bookings. According to the Russian Union of Travel Industry, the region is among the top 10 regions of the Russian Federation, the most popular for summer holidays. At the same time, winter tourism is also showing steady growth — the demand for bookings during the cold season increased by 52%.

"In May 2025, at a government auction, we purchased the crumbling window building in order to further renovate it and give it a new lease of life. The project is interesting for us not only from the point of view of adapting it to business purposes, but we also consider it as our social contribution to the preservation of the city's heritage. DOM Bank.The Russian Federation has provided us with the opportunity to provide preferential loans for restoration work, and this will allow us to carry it out within two years. We are already planning to put the building into operation in 2027," commented Angel Konyukova, CEO of Sphere.

The brick building is adjacent to the Office building on Sovetskaya Square and was erected in 1896 as a one-story utility wing with a carriage house and a mezzanine. Subsequently, the building was built on the second floor and adapted for residential use during the Soviet period.

The wing is part of the Polushkin Manor, a cultural heritage site of federal significance (mid—18th - early 20th century). The estate consists of four elements: the main house, built in the first third of the XVIII century and rebuilt at the beginning of the XX century (Sovetskaya St., 3), an economic wing with a carriage house in 1896 (Sovetskaya St., 3a), the western wing — stable in 1896 (Sovetskaya St., 3b), and the eastern fence of the estate along Sovetskaya Street.

According to historical data, the estate was founded in the XVIII century by the merchants Polushkin, and in different periods belonged to the merchant Vikulin, the nobles Kolmogorov and Mikhailov. The manor is also associated with an urban legend that the founder of the first Russian theater, Fyodor Volkov, once lived in the main house.

As follows from the act of the state historical and cultural expertise carried out by architect-restorer Yuri Avrutov, the outbuilding with a carriage house appeared in the late 19th - early 20th century and was repeatedly rebuilt: the structures of floors, arches and walls were changed, floors and stoves were repaired, partial redevelopment and interior painting were carried out. During the Soviet period, the building was additionally added to the second floor.

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