The construction of the palace begun in 1489 by Benedetto da Maiano, for Filippo Strozzi the Elder, a rival of the Medici who had returned to the city in 1466 and desired the most magnificent palace to assert his family's continued prominence and, perhaps more important, a political statement of his own status. A great number of other buildings were acquired during the 70s and demolished to provide enough space for the new construction. Giuliano da Sangallo provided a wood model of the design. Filippo Strozzi died in 1491, long before the construction's completion in 1538. Duke Cosimo I de' Medici confiscated it in the same year, not returning it to the Strozzi family until 30 years later.