This building was designed by Luis Ferreres Soler as a municipal slaughterhouse in 1895. It was built due to the hygienic measures adopted in those years, which prohibited unhealthy activities within the city (the site was then on the outskirts of the city).
The main facade of the old slaughterhouse was disfigured around the year 1940, in order to allow the access of trucks of greater tonnage.
Currently the building has become a sports-cultural complex dependent on the City Council.
This square is dedicated to the painter and illustrator from Albaida, José Segrelles. In the square is the building called Red Building.
The Red House project was based on providing cheap and hygienic houses to "intellectual workers" and was carried out by Enrique Viedma. It is a trapezoidal-shaped building that occupies an entire block. It is made of red brick with some elements of stone and ceramics, and has a landscaped courtyard that can be accessed from the lobbys. The floors were equipped with the most modern comforts of the time.