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The tip

One-stop Madrid for visitors

The 1919 wedding-cake white palace towers above one of Madrid’s main intersections.

Patricia Harris for the boston globe

The 1919 wedding-cake white palace towers above one of Madrid’s main intersections.

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MADRID — Aptly named CentroCentro occupies half of the Palacio de Cibeles, a 1919 wedding-cake white palace that towers above one of Madrid’s main intersections. Inside are exhibition galleries; lounges with newspapers, magazines, and iPads for browsing the Web; public restrooms, lockers, and coat check; an intimate concert hall; a terrific cafe; an even more terrific gourmet restaurant; and a shop with the city’s best selection of classy souvenirs (including items from the art museum shops). The icing on the cake is the 360-degree observation deck ($2.60) that provides a panorama of the city (above). For nearly as good a view, have a drink at the outdoor bar of the restaurant, one floor lower.

CENTROCENTRO Plaza de Cibeles, 1, Madrid. . Open Tue-Sun.

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