In our virtual tour, we continue towards the Plaza de Cibeles, walking in front of the Bank of Spain building, on one side of Alcalá, and on the other side, we see the forest and garden, which is in front of the Palacio de Buenavista, building of the Spanish Army Headquarters, until we reach the Plaza Cibeles.
Cibeles Square, named after the fountain and sculpture is at the center of the square, crossed by Alcalá street that runs from east to west, and the Paseo de Recoletos to the north, and Paseo del Prado to the south.
In the four corners of the square, there are four of the most important buildings in the city which are in the northeast corner, the Linares Palace, that since 1992, opened as the Casa de America, for Latin American events. In the southeast corner, the Cibeles Palace, formerly the Palace of Communications, in the southwest corner, there is the building of the Bank of Spain, and in the northwest corner, there is the Buenavista Palace, which we have already discussed above.
This point of Madrid, is a good reference to start interest walking tours of Madrid. For example to the north, we can see Plaza Colon, and the streets of the Barrio Salamanca, with all its luxury, as there is in Calle Serrano. To the East, we find the Puerta de Alcalá, which is opposite to the main entrance to the Retiro Park. Cibeles southward along the Paseo del Prado, we will find the major art museums such as El Prado, the Thyssen-Bornemisza, and the Reina Sofia.
The Palacio de Cibeles (photo below), which was known as the Palace of Communications, was officially opened on March 14, 1919, beginning to function as a modern post office, telegraph and telephone.
The complex of the Cibeles Palace, consists of two buildings, which since 2007 began to house the municipal offices of the City of Madrid.