Teatro Pavón, opened in 1925, is one of Madrid’s first buildings to be built entirely in the Art Decó style. After closing its doors in January 2021, it is reopening in September 2021 under the Vértigo 360 production company, whose programme will focus more on musical theatre. In 2017, it won the National Theatre Prize.  

This popular theatre is one of the architectural landmarks of the Lavapiés neighbourhood due to its colourful décor with art déco details on the façade, its rationalist volumetrics and, above all, its tower and clock.  After years of abandonment, it recovered its image thanks to the refurbishment and reconstruction between 2000 and 2001 to be home to the National Classical Theatre Company until 2015. Following its departure to the Teatro de la Comedia, the hall remained closed until it was renamed and reopened as the Kamikaze Theatre from August 2016 until January 2021 under Miguel del Arco and Israel Elejalde, along with the producers, Jordi Buxó and Aitor Tejada.

The theatre is divided into various spaces: Hall with seating capacity for more than 400; Gallinero, a smaller hall for 80 spectators, where workshops and other activities are also programmed; Ambigú, a multi-purpose hall and a bar where theatre goes beyond the stage and where things never stop happening; and the Terrace, a unique space with views over the Rastro and the Madrid skyline, where themed parties and concerts are held.