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 Pro Madison Square Garden Pro The Madison Square Garden Pro was a men's tennis tournament open to professionals. It was held in 1954 and again between 1966 and 1969 and was played on indoor hard courts. The Madison Square Garden Pro first began in 1954 and served as the opening tournament of the 1954 World Pro Tour. The event was then not staged for a further twelve years when it was re-established in 1966. The 1968 and 1969 tournaments were part of a pro circuit in the open era of tennis. It ended as an open tournament called the Madison Square