The Palace of Iturbide is a large palatial residence located in the historic center of Mexico City at 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 there and accepted the crown of the First Mexican Empire at the palace after independence from Spain. Today, the restored building houses the Fomento Cultural Banamex; it has been renamed the Palacio de Cultura Banamex.