Completed in 1917, the 3,700 m2 (40,000 sq ft) Bosch Palace became of interest to U.S. Ambassador Robert Woods Bliss during a reception there in his honor. History has it that the ambassador offered Bosch to buy the mansion and Bosch, not interested to sell it, gave a ridiculously high price. A few days later, the ambassador returned with a positive answer from his government and Bosch felt obliged to accept. In 1929, the building was sold by the Bosch family to the U.S. State Department for use as the Embassy and residence of the United States Ambassador to Argentina for around US$3 million.[1] The mansion, situated on what today is Avenida del Libertador and overlooking Parque Tres de Febrero, became of sole use as the ambassadorial residence after the 1969 completion of the present U.S. Embassy, an architecturally spare building located within walking distance of the Bosch Palace.