The Palazzo Cavalli-Franchetti is located on S. Marco, along the Grand Canal, in Venice, Italy. The palace was built in 1565 and over the years had been subdivided among several notable Venetian families, Marcello, Gussoni, and Cavalli. In the wake of the Napoleonic Wars Venice was awarded to the Austro-Hungarian Empire. Archduke Friederich of Austria, Commander-in-Chief of the Austrian Navy, and a member of the House of Habsburg, acquired the property in 1840. He restored the home to a single living unit, but died in Venice of jaundice in 1847. The home was then purchased by Henri, comte de Chambord, pretender to the throne of France, and the unofficial Henri V, who continued the restorations. The palace was purchased again in 1878 by Baron Raimondo Franchetti and it remained in his family until 1922, when it was sold to the Istituto Federale di Credito per il Risorgimento delle Venezie. Since 1999 the building has been run by the Istituto Veneto di Scienze, Lettere ed Arti.