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This palace, dating back to the second half of the 16th century, has been the seat of the Instituto Veneto di Scienze, Lettere ed Arti (Institute of Sciences, Letters and Arts) since 1999 - one of the most prestigious Italian academies. The main entrance to the building is from the water on the Grand Canal and Campo Santo Stefano.
Little is known about the circumstances of the construction and the palace architects themselves. It is certain, however, that subsequent owners rebuilt the property. In the nineteenth century, the interior of the palace was modernized, and its external walls were decorated in accordance with the principles of Venetian Gothic. Particularly noteworthy are the rich decorations around the windows.
Near the palace there are two other cultural institutions of Venice, namely Palazzo Cavalli Franchetti and Palazzo Loredan.