In the late 13th Century, the Most Serene Republic of Venice, or the Serenissima, took over the Fondaco, transforming it into an esteemed commercial and administration control center. The building was razed by a fire in 1505, but quickly reborn in 1508 with an even more arresting design from architect, Scarpagnino. With the façade on the Canal Grande frescoed by Giorgione and Titian and the interior clad with artworks by Paolo Veronese and Tintoretto, it became as much a museum as it had been a marketplace. Following reconstruction, the Fondaco became the epicenter of Venice’s economy. Imports of furs, wools and leathers from northern Europe met locally manufactured Murano glass, lace and velvet. The volume of transactions was so immense that Venice was soon deemed Europe’s capital of commerce.