Earlier, on the north-west side, there were situated the buildings of Nikolaevskaya City Hospital, constructed in 1890–1894 on the project of Rostov architect Nikolai Sokolov.

In 1913 there was also constructed the Administration Building of the Vladikavkaz railway (architects – Andrei Butkov, Nikolai Walterж Modern style).

[1] Today at the square there are situated the Main Directorate of the North Caucasus Railway, Maxim Gorky Rostov Academic Drama Theater and offices of several commercial companies.

The monument is a stele 72 meters high, with a stylized gilded image of the Greek goddess Nike, which is dressed in a waterproof cape.

The fountain is a square pool with a central sculptural group on a pedestal consisting of four atlantes, who hold a bowl with uprising streams.