It was located on the ground of the current Plaza de Los Mostenses, next to the Gran Vía of Madrid (Spain).
It was founded in 1611[2] by the community of the Fathers Canons Premonstratensians with the permission of Cardinal Archbishop of Toledo Bernardo de Rojas and financed by a benefactor, the Count of Miranda, Juan of Zúñiga, the then president of the Council of Castile.
It had a convex façade flanked by two towers but was a victim of the plan of the then king, Joseph Bonaparte to open up the plazas of the city.
Besides the work of Ventura Rodríguez, there were architectural features left from the earlier church, with the main façade composed of a semicircular portico flanked by two towers decorated with Corinthian columns.
The portico had three entrances with four Ionic columns and on this, rose a second crowned body with a statue of St. Norbert, made of granite from Colmenar Viejo by sculptor Manuel Álvarez.