The palace and square of Baharestan is one of the oldest constructions of Tehran. The founder of the palace was Mirza Hossein Khan Sepahsalar. But the statue midst the square is that of Ayatollah Modarres. To the north of this square, was the Negarestan garden of Fathali Shah.
Later on a number of buildings were constructed in that area and at present the aggregate of these buildings belong to the University of Tehran. The National Museum of Arts is also located to the south of this vicinity.