It is on the crossing of Hretska Street and Ukrainskykh Heroiv Avenue.

The buildings were built mainly by Greeks in Ukraine of the families Ioannopulos, Serafinos, Papakhadzhis, Rallis, and Maraslis.

The Greek secret society Filiki Eteria (Greek: Φιλική Εταιρεία is the Society of Friends) (whose aim was the struggle for independence of Greece) was in one of the buildings on the square since 1814.

In the Soviet period the square was an important transport centre.

The semi-round house which separated the square from the Bunina Street, was demolished during World War II.