The building was commissioned by Stefano Ravera, an entrepreneur from a well-known family of builders from the local Canavese area.

He entrusted the project to Ivrea engineer Romolo Peona; this also held the position of City Councillor for Public Works.

[citation needed] Today, the building houses a bank, offices, and commercial activities.

[citation needed] The building is located on Corso Costantino Nigra, opposite Villa Luisa.

[citation needed] The main characteristic of the building, which features an Art Nouveau style,[2] is represented by the northern facade, which is cylindrical and overhangs the underlying Dora Baltea river, just downstream from the Ponte Nuovo.