For centuries it was a main and commercial street for the Leipzig trade fair with exhibition houses, inns and shops.

[2] Petersstraße is 347 m (1,138.5 ft) long and connects Leipzig's market square in a north–south direction with Wilhelm-Leuschner-Platz.

[8] Today, the entire length of Petersstrasse is designated as a pedestrian zone and is primarily a shopping and business street.

The most important previous building on the site was the baroque city palace Hohmanns Hof, which was destroyed by the Bombing of Leipzig in World War II, before the Messehof was built here between 1949 and 1950 as the first new municipal exhibition center building after the war.

This is where the Haus zur Flora was located, which burned down completely in the devastating bomber attack on Leipzig on 4 December 1943, without being hit by bombs.

In 1991, Peek & Cloppenburg acquired the area that had previously been used for fruit and vegetable markets and opened a five-story clothing store in 1994.

The former Reichsbank building at Petersstrasse 43 was built in the Neo-Renaissance style for the Leipzig branch of the Central Bank of the German Empire.

After being used by other financial institutions, the house has been the home of the Leipzig “Johann Sebastian Bach” music school since 1999.

Also in 1997/98, a 5-story residential and commercial building, Haus Marquette, was built on the edge of the vacant area (main tenant: Hugendubel).

The commercial building called “ Zum Grönländer ” (The Greenlander) dates back to the 18th century.

A member of the von Haugk family became distressed at sea in Greenland, but was guided to a safe bay by an Eskimo approaching in a kayak.

The previous building came into the possession of the merchant Adolf Heinrich Schletter (1793–1853) in 1836 and was called the “Schletterhaus”.

From 1999 to 2001, the new Petersbogen building complex was built with a curved arcade gallery between Petersstrasse and Schloßgasse.

The soap and perfumery manufacturer Heinrich Louis Klinger (1816–1896), father of the painter Max Klinger, acquired several buildings here in the 19th century, which he demolished in 1887 and replaced with plans by the Leipzig architect Arwed Roßbach (1844–1902) by a representative new building built in the Neo-Renaissance style.