Designed by the architect Raul Lino, the Cine-Teatro Tivoli quickly established itself as a modern space, with unique characteristics and able to satisfy the needs of lovers of different artistic and cultural manifestations. Its Neoclassical style, with its accentuated shapes and dome-shaped roof covered in black tiles, lent it the personality of French theaters, which gave Av. da Liberdade a certain flavor of a Parisian boulevard, already foreseen by its gardens and leisure spaces reminiscent of the Champs Elysées. Inside, the adopted style is present in the decorative motifs of the room and in the options for framing the proscenium.
The theater also had its space immediately. In 1925, on the initiative of António Ferro, the Teatro Novo group was founded, which staged numerous plays. Other national and international theater companies have also adopted the space for their presentations, as well as ballet companies and orchestras.
In constant renovation, the Tivoli has remained at the forefront, becoming a symbol of the city and the avenue. In 1997, seventy-three years after its opening, it was classified as a Property of Public Interest.