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 Garden (1879) Madison Square Garden (1879) Madison Square Garden (1879-1890) was an arena in New York City at the northeast corner of East 26th Street and Madison Avenue in Manhattan. The first venue to use that name, it seated 10,000 spectators. It was replaced with a new building on the same site. The site upon which Madison Square Garden was eventually established was originally occupied by a small passenger depot of the New York and Harlem Railroad. The site was vacated by the railroad in 1871 when it moved operations uptown to 42nd Street. The site was vacant until 1874 when it