Palazzo Turati was built in 1880 by the engineers Ponti and Bordoli under commission from the family of Count Turati. The external part has a linear styling in the facade, embellished with decorations evoking Florentine and Roman models.
In the period 1929-1931, the architect Paolo Mezzanotte renovated the interior of the palace, making it more suited to the uses of that time and creating two halls: a larger one for the corn market and a smaller one dedicated to the silk market.
Palazzo Turati retained its appearance and structure until the Second World War when the bombardment of 1943 damaged the internal structure and the body of the building. The internal part, which originally had a colonnade around a courtyard in the typical tradition of Milan, was completed redesigned following the damage incurred.