It consists of a series of buildings constructed in the aftermath of the Great Boston Fire of 1872.

The first of these buildings, at the corner of Pearl and High Streets, was designed by William Preston and built in 1873 for Jeffrey Richardson, using granite and brick salvaged from buildings that had previously stood on the site.

The area was an important locus of the leather goods business both before and after the fire, and the buildings constructed after the fire are among the only neo-Greek commercial structures standing in Boston's Financial District.

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