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 Park Fountain inscription reads, Urns surrounding the fountain are planted with flowers during summer months and other plants during the holiday season. Madison Square Park Fountain The Madison Square Fountain, also known as the Southern Fountain, is an ornamental fountain located in Madison Square Park in Madison Square, Manhattan, New York. It was the only one of several planned fountains to be realized. The current fountain is a modern reproduction of the original, installed in 1990 and renovated in 2015. The fountain was originally located on the site of the Old Post Office. It was begun in 1842 and completed in 1843,