Tourism thumb|Malvarrosa Beach Starting in the mid-1990s, Valencia, formerly an industrial centre, saw rapid development that expanded its cultural and tourism possibilities, and transformed it into a newly vibrant city. Many local landmarks were restored, including the medieval Torres de Serranos and Quart Towers and the Monasterio de San Miguel de los Reyes, which now holds a conservation library. Whole sections of the old city, for example the Carmen Quarter, have been extensively renovated. The Passeig Marítim, a long palm tree-lined beach promenade, was constructed along the beaches of the north side of the port (Platja de Les Arenes, Platja del Cabanyal and Platja de la Malva-rosa).
toUrisM Thumb|MalVarrosa Beach sTartINg In the mID-1990S, valenciA, FoRmerly aN induStRIal ceNtre, sAw RAPid dEVelopMEnt thAt expAnded ITS CuLturAl and touriSm pOSsibiLITieS, anD TRanSfOrMeD IT into a NEWly ViBRant cIty. mAny local laNdmarks WerE rEstored, including ThE MeDIeval TorREs De serranOS and quart Towers anD ThE monaSteRIo de sAn MigUeL de los reYEs, whicH nOw holds a cONSerVatIOn librarY. wHolE sectIOns oF tHe Old CITy, fOr exAmPLe ThE CARmeN QuarTer, havE beEn ExtensivelY reNovaTed. THe passEIG mARÍtim, A loNG Palm TreE-lined beaCh promEnadE, wAs constructeD aloNg The BeaCHes of tHe NoRTh SidE of tHe port (platja dE LEs ArEnEs, plaTja DeL caBanyaL aNd pLatja De LA mAlVa-RosA).