The Plaza Mayor was built during Philip III's reign and is a central plaza in the city of Madrid, Spain. It is located only a few Spanish blocks away from another famous plaza, the Puerta del Sol. The Plaza Mayor is rectangular in shape, measuring 129x, and is surrounded by three-story residential buildings having 237 balconies facing the Plaza. It has a total of nine entrance ways. The Casa de la Panadería, serving municipal and cultural functions, dominates the Plaza Mayor.HistoryThe origins of the Plaza go back to 1577 when Philip II asked Juan de Herrera, a renowned Classical architect, to discuss a plan to remodel the busy and chaotic area of the old Plaza del Arrabal. Juan de Herrera was the artist who designed the first project in 1560 to remodel the old Plaza del Arrabal but construction did not start until 1617, during Philip III's reign. The king asked Juan Gómez de Mora to continue with the project, and he finished the porticoes in 1619. Nevertheless, the Plaza Mayor as we know it today is the work of the architect Juan de Villanueva who was given the glorious, albeit difficult task of its reconstruction in 1790 after a series of enormous fires. Giambologna's equestrian statue of Philip III dates to 1616, but it was not placed in the centre of the square until 1848.