From 1841 he studied at the University of Leipzig, graduating in 1845 and receiving the title of Doctor of Medicine and Surgery, as well as a diploma of obstetrician.

He was also exceptionally successful in the real estate deals, to the point of some contemporaries calling him "a shrewd businessman disguised as a professor."

As a result, Mering acquired enormous popularity among the Jewish lower classes, and in order to thank him, the Jews suggested him various deals, the purchase of various houses, estates, etc., which, in their opinion, were expected to appreciate.

Multiple thousands joined funeral procession, including a Lutheran pastor, an Orthodox priest and a Jewish rabbi that participated on behalf of their flock.

The professor's son Mikhail Mehring became the chairman of the board of the company, and the architect George Schleifer [ru] became the managing director.

The latter prepared a project for a new layout of the estate, with four streets and a square being built on it, and numerous plots of land being sold for new income-generating construction.

As a result of the 1900—1903 economic crisis [ru] and the speculations with assets by Mikhail Mering, the House-Building Society went bankrupt and was dissolved.