Situated on the banks of the Biobío River and covering nearly 10,000 square meters, Teatro Biobío has garnered recognition from the Arnold W. Brunner Memorial Prize (2018), Architectural Digest (2018), and the Pan American Architecture Biennale in Quito (2022). Its design was crafted by Smiljan Radić along with Eduardo Castillo and Gabriela Medrano, who described it as an "urban lamp."