[3] The palace was a commission by the renowned Aragonese architect Félix Navarro Pérez [es], who erected the building between 1901 and 1911.

[4] The basement of the building was used as a shelter during the Spanish Civil War It was completed in 1908, but was never inhabited as intended for the couple, Miguel Larrinaga y Luzárraga and Asunción Clavero.

The Giesa elevator company bought the palace and its plot, building a factory adjacent to the former residence.

[6] Zaragozan architectural historian, Jesús Martínez Verón, wrote that Larrinaga palace was "The best example of Zaragozaz eclecticism between 1885 and 1920.

[3][7] Ramón de Larrinaga and his wife Telesfora de Luzárraga, who were double third cousins, had six children: Félix (the eldest, who lived with Larrinaga in Liverpool), Cruz, Anselma, María, Miguel (who bought the land and ordered the construction of the palace) and Domingo.

In 1900, Miguel traveled back to Zaragoza and acquired a piece of land for the purpose of settlement, which he titled "Villa Asunción".