The palace owes its name to the "volta"(turn), as in the Middle Ages it was called this place, both for the wide curve that the road makes at this point and for the presence of a building used as a warehouse, called precisely "walled volta (turn)". Between the 13th and 14th centuries, the homes of the richest and most powerful families were located here in the centre of the castle, largely related to each other or linked by common interests.

It is likely that the palace arose in the sixteenth century for the union of the ancient pre-existing dwellings. On the brick facade there are still obvious signs of the combination of two different buildings: one, to the left, larger, where you can see traces of sharp arched windows that tower over the current ones and a second, to the right, narrower, where the Ancient windows are marked by arches at full.

The Palace, owned by the municipality, is located in Via G. di San Giorgio (street) No.2 and is now home to the Contrada Sant'Andrea and the Montanelli Bassi Foundation, which have promoted and carried out the restoration.