[2] Between 1906 and 1999, on the current site of the Galicia Tower, the building of the Banco Español del Río de la Plata old headquarters was occupying the plot.

[3] The local Secretary of Planning Enrique García Espil argued that the construction of the tower was intended to give a new boost to the Buenos Aires city area, retaining the headquarters of numerous banks that had begun to move to other neighborhoods.

The process generated a strong impact in the media, where several heritage and conservation experts harshly criticized the Buenos Aires government's endorsement of the MRAyA project which was modified to preserve the side wings of the original façade.

Interior elements, such as the stained glass that adorned the central skylight of the bank, were saved and preserved to be donated to the Buenos Aires Museum of Modern Art.

The structure stands apart from its neighboring axes, creating a unique presence that enables the city to connect with a large public entrance supported by a canopy typical of the MRAyA studio, which also acts as a foundation for the main part of the building.