In order to erect a direction worthy of family prestige, Zuanne and Angelo Grassi acquired over the years several properties in the area between the Grand Canal and Campo San Samuele.

The works began around 1748, Giorgio Massari was in charge of the project but was unable to see the building completed since he died in 1766. Coincidentally, the other great work by Massari, Palazzo Rezzonico, is located on the opposite side of the Grand Canal. front facing the main facade of Palazzo Grassi. The building was finished around 1772, the same year in which one of the family heirs, Paolo Grassi, passed away.

The plan of the building is a trapezoid which faces the main base on the Grand Canal and develops around a colonnaded internal courtyard. The main façade is in Istrian stone, it should be noted how the windows of the two noble floors differ between the round arched ones on the first floor and the rectangular ones with curvilinear tympanum on the second (both are divided by smooth pilasters surrounded with capitals in the style Ionic and Corinthian).

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