The Palace was acquired in 1976 by the Municipality in order to preserve it and to incorporate it in the layout of the New Providence Avenue. Declared a National Historic Monument, in 2005 was given to the Cultural Foundation of Providence. They opened their gardens so they could be used as a public square inside the congested commercial and financial area in which its placed.

The restoration of the emblematic "Palacio Schacht", made under the guidelines of Germán Bannen, seeks to enhance the building, while integrating it to the city's urban pattern. We adapt its functional use as an accesible and polyvalent cultural centre while maintaining a contemporary vision of architecture.

luis vidal + architects seeks to recover the original structure of the building with a proposal that embraces the whole historical monument trough a unitary design that identifies the Palace as a recognizable landmark that revitalizes the heart of Providence.

"The Schacht Palace is part of the memory and identity of the population of Providencia as well as part of its community life. With this action we want to help boost its value as a monument and turn it into a cultural meeting point for the use and enjoyment of the community", Luis Vidal.

Revitalizing the heart of the Metropolitan Area