The building was originally conceived as a high-profile residential complex for the Soviet elite and arranged for 100 well-appointed apartments (hence the name). The initial project included 10 five-bedroom suites, 30 four-bedroom suites, 40 three-bedroom flats, and 20 two-bedroom flats. The flats have a well-designed layout, large living and utility rooms; some suites had small rooms for maids.
Construction of the house began in 1934. The initial exterior design was substantially complicated in the process, for architect Maslennikov added facade elements themed after the works of French architect Auguste Perret.
At the Exposition Internationale des Arts et Techniques dans la Vie Moderne in Paris on December 11, 1937, the project, along with other works by Kryachkov, was awarded the 1st degree diploma, a gold medal, and a Grand Prix.
Currently, there are 110 apartments in the building, not 100.[3] In 2008, a monument to Kryachkov was erected in front of the building.[4]