Palazzo Tergesteo is a few steps from Piazza Borsa and Piazza Unità. Palazzo Tergesteo was built on the site of the Dogana Vecchia on the initiative of a group of shareholders, the “Società del Tergesteo”.
It was built in just two years on a project by the architect Francesco Bruyne and inaugurated on the evening of August 24, 1842. It cost about two million Austrian lire and was one of the last palaces in Trieste built in the neoclassical style. The building is spread over four floors above ground in addition to the ground floor and mezzanine and consists of four buildings separated by a gallery, located on the ground floor,
in the shape of a Greek cross and inspired by the Galleria de Cristoforis in Milan, covered gabled with metal frame.
The entrances to the building are located on the four sides of the building: there are four entrances to the gallery, two mirrored places, one main on Piazza della Borsa, and one on Piazza Verdi, and two others on via del Teatro and via Einaudi.
The two marble sculptural groups that dominate the main facades were added later. The one on the facade facing Piazza della Borsa, by Pietro Zandomeneghi, depicts the goddess of the sea Tethys, standing on a shell pulled by four horses and holding a baby in her arms and on the right Mercury, god of commerce. The sculpture represents the city of Trieste driven by the fortunes that come from the sea, but also from trade and the nascent industry.
The second sculptural group on the rear facade towards the Verdi Theater, by Antonio Bianchi, represents Neptune and Mercury with allegories of geography and history.
Il palazzo fu sede della Borsa triestina dal 1844 al 1928 e del Lloyd Austriaco dal 1857 al 1883 e divenne il luogo più rappresentativo di commercio e di ritrovo della Trieste ottocentesca.
Many famous people frequent the Tergesteo including the Trieste writer Italo Svevo, who used the gallery as a background for his novel, “Zeno’s Consciousness”.
During the Second World War and the years of the occupation the Palace suffered numerous damages and in 1957 the architect Alessandro Psacaropulo intervened on the gallery, replacing the original sloping roof with a glass-concrete structure. In 2009, careful restoration work brought the Tergesteo Palace back to the splendor of the Habsburg era and the heart of the intervention was the reconstruction of the Gallery in its original nineteenth-century version.
Inside the Gallery, an original wall clock, not working, marks the time and day when the deed of incorporation of the Tergesteo Joint-Stock Company was signed and from 1863.
Towards Piazza Verdi there was Caffè Tergesteo, one of the historic cafes of Trieste, characterized by stained glass windows depicting episodes from Trieste’s history, a meeting place for the cultural elite of the time and also very popular with the Trieste poet Umberto Saba. “Caffè Tergesteo … you reconcile the Italian and the Slavic, late at night, along your billiard table”.
