Grupo de viviendas para Bancaya, Residential building complex in Salamanca district, Madrid, Spain.
The Edificio Bancaya, also called Torre Iberia or Torre Ibiza, is a residential tower built in 1953 next to the Avenida de América interchange in La Guindalera, Salamanca district. It belongs to a Banco de Vizcaya development of seven buildings with 254 dwellings, and an Iberia airline advertising sign stands on its roof.
Construction of the complex in 1953 marked a turning point in Madrid's urban growth, introducing International Style architecture to the area. This shift shows how the city modernized its building methods after the postwar period.
The red brick facades and extended balconies reflect how Spanish families wanted their homes to look in the mid-20th century. These features still shape the neighborhood's character today and show everyday living preferences of that era.
The building sits on Avenida de América, making it easily accessible by public transit along this major avenue. The complex spreads across several blocks, so allow time to walk around and explore the different sections on foot.
The painter José Caballero lived in the building from 1952 to 1991 and produced much of his work there; in 1999 the Madrid City Council placed a plaque at the entrance in his honour. The tower also carries a large Iberia airline advertisement on its roof.
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