A few meters from the building of Telefonica, we arrive to the Red de San Luis, Gran Via, Fuencarral, Hortaleza, and Montera Street meet. Both Montera and Fuencarral, have closed traffic, and only pedestrian can circulate.
In the Montera street, which runs from Gran Vía to Puerta del Sol, there is a large number of cafés, terraces, restaurants and catering franchises, open to the public. Fuencarral street, after its closure to traffic, have opened numerous boutiques and very nice terraces since they are at the confluence of two neighborhoods that have become quite fashionable, Malasaña and Chueca.
Fuencarral, has always been a commercial street, but it was not until the 90s, that it began with fashion, and in 2009, the City Council decided to make it pedestrian.
Back at the Gran Vía, we continue to the left, from Fuencarral, towards the first leg of the Gran Vía. This first stretch between the Calle Montera, up to where Gran Via meets Calle Alcalá, where we have the Metropolis building. This is known as the first stretch of Gran Via, since at this point, we have the small street numbering.
This first stage was the first to be renovated in the Gran Via, between 1910 and 1915. In March 28, 1917, was the date of official announcement of completion of the works.
In No. 24 of the Gran Vía, we have the Casino Gran Via, and a little further, at number 12, we have the famous Museo Chicote, the Hotel de las Letras, and in the number 11, the famous watchmaker Grassy, which is in Gran Vía since 1952.