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The ‘Palacio de la Música’ on Gran Vía will Become a Theatre again and not a Megastore

The building work that has been approved by the Urban Planning department will affect a total of 6,650 square metres and will take 24 months.

Palacio de la Música Fundación Montemadrid
The future façade of the Palacio de la Música. Source: Fundación Montemadrid.

The project backed by the Fundación Montemadrid to reopen the ‘Palacio de la Música’ (Music Palace), located on Madrid’s Gran Vía, has obtained the necessary license for the renovation work that will allow it to reopen as a theatre, after being closed for almost 12 years. During the crisis, the capital’s main thoroughfare went from having 13 cinemas and theatres in operation to just three in only a few years.

The Activities’ Agency granted the licence last Friday 24 April, so that, when the situation permits, work can begin on the “restructuring, refurbishment and restoration of the interiors and exteriors” of the property located on Gran Vía 35, which is a listed building.  

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