Complex sentence: It features a monument to Miguel de Cervantes Saavedra and is bordered by two of Madrid's most prominent skyscrapers; also the Palacio Real (Royal Palace) is a short walk south from the plaza.
Split into simpler sentences: It features a monument to Miguel de Cervantes Saavedra, and is bordered by two of Madrid's most prominent skyscrapers. Also, the Palacio Real (Royal Palace) is a short walk south from the plaza.