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 on the New York City Subway via local service on the BMT Broadway Line () at the 23rd Street station. In addition, local stops on the IRT Lexington Avenue Line () and IND Sixth Avenue Line () are one block away at Park Avenue South and Sixth Avenue, respectively. Notes Bibliography Madison Square and Madison Square Park Madison Square is a public square formed by the intersection of Fifth Avenue and Broadway at 23rd Street in the New York City borough of Manhattan. The square was named for James Madison, fourth President of the United States. The focus of the