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 rioters encamped in Madison Square and Washington Square, as well as Stuyvesant Square. Madison Square was also the site in November 1864 of a political rally, complete with torchlight parade and fireworks, in support of the presidential candidacy of Democrat General George B. McClellan, who was running against his old boss, Abraham Lincoln. It was larger than the Republican parade the night before, which had marched from Madison Square to Union Square to rally there. The Fifth Avenue Hotel, a luxury hotel built by developer Amos Eno, and initially known as "Eno's Folly" because it was so far away from