The transformation of the riverside of Bilbao from an industrial dock area to a modern international and cultural centre continues. In 1918 the Bilbao Bond Warehouse was constructed along the river. With the increasing size of ships the facility was relocated and the building became empty and derelict. Today the site and part of the historic facades have been redeveloped as a city asset. in a hugely ambitious scheme,
Two immense 22 storey towers stand aloft like sentinels, flanking a new public space and set of immense steps leading to the Zubi Zuri footbridge designed by Santiago Calatrava. The tallest residential buildings in the Basque Country at 83 metres (272 ft) tall are the anchor of the redevelopment of this part of Bilbao. These are two of five buildings, the remainder being lower in height and incorporating parts of the façade of the former Bilbao Bond Warehouse. On the city side the facades are connected directly with the new brick buildings; on the river front, the central pavilion stands as a sculptural entrance, most effective when floodlit at night.
This high quality residential project estimated at 91 million euros includes commercial space, retail and restaurants at the lower levels. The height of the two towers is a marked contrast to any other buildings in the area, but they work in urban planning terms because of the symbolism, sculptural form and symmetry, the connection to the bridge and the link with the river and the new public spaces.