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The building was constructed by Juan de Villanueva in 1788 as the Casa de Nuevo Rezado for the Hieronymite monks. The building is constructed in great simplicity in Neoclassical style. The exterior includes an outstanding main doorway, with a framed entry and a projecting balcony, adorned with the gridiron symbolising Saint Lawrence. It has recently been restored by the architect Checa Goitia.
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