Madison Square Garden in the city and a roof garden cabaret. The building cost $3 million. Madison Square Garden II was unsuccessful like the first Garden, and the New York Life Insurance Company, which held the mortgage on it, decided to tear it down in 1925 to make way for a new headquarters building, which would become the landmark Cass Gilbert-designed New York Life Building. A third Madison Square Garden opened in a new location, on 8th Avenue between 49th and 50th Streets, from 1925 to 1968. Groundbreaking on the third Madison Square Garden took place on January 9, 1925. Designed by the
Madison Square and Madison Square Park Eternal Light Flagstaff, dedicated on Armistice Day 1923 and restored in 2002, which commemorates the return of American soldiers and sailors from World War I. Another park highlight is the granite Southern Fountain, a modern reproduction of the original fountain, which was first located on the site of the Old Post Office. It was completed in 1843, before being rededicated in the park in 1867. The modern replacement was installed in 1990, and renovated in 2015. Madison Square continued to be a focus of public activities for the city. In the 1870s, developer Amos Eno's Cumberland apartment building, which stood