Colonia Cuauhtémoc is a colonia or official neighborhood located just north of Paseo de la Reforma, west of the historic center of Mexico City. The colonia was created in the late 19th century after some false starts and is named after a statue of Cuauhtémoc which features on Paseo de la Reforma. Actions taken by residents have ensured that the area remains mostly residential, with commercial development limited to the strip along Paseo de la Reforma. This strip includes a number of important buildings such as the Torre Mayor, the Torre HSBC, the British Embassy, the U.S.