Palace of Iturbide

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The Palace of Iturbide is a large palatial home located in the historic center of Mexico City on Madero Street #17. It was built by the Count of San Mateo Valparaíso as a wedding gift for his daughter. It gained the name “Palace of Iturbide” because Agustín de Iturbide lived and accepted the crown of the First Mexican Empire (as Agustin I) there after independence from Spain. Today, the restored building houses the Fomento Cultural Banamex and has been renamed the Palacio de Cultura Banamex.
This residence was never owned by Agustín de Iturbide. It was constructed by Miguel de Berrio y Saldívar, Count of San Mateo Valparaíso and Marquis of Jaral de Berrio. Berrio y Saldívar’s fortune was based in mining and livestock and he was also the mayor of Mexico City. Supposedly he had this palace built elaborately to equal the sum of his daughter’s dowry, approximately 100,000 pesos, with the hopes of keeping his son-in-law, the Marquis of Moncada of Sicily from squandering his daughter’s wealth. It was built as a replica of the royal palace of Palermo. This couple’s son, the grandson of home’s builder, preferred not to live in the palace but rather offered it to visiting dignitaries such as viceroy Félix Calleja and later Iturbide. From this palace’s balcony, Iturbide accepted the offer to be Mexico’s first emperor after independence from Spain and during his reign (1821–1823) this house served as the royal palace.

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