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 North Historic District structures, all of which testify to each successive phase in [the] area's development. The Historic District lies primarily within the Manhattan neighborhood known as NoMad, for "NOrth of MADison Square Park". Madison Square North Historic District The Madison Square North Historic District is in Manhattan, New York City, and was created on June 26, 2001 by the city's Landmarks Preservation Commission. Lying north and west of Madison Square Park, the district's boundaries are irregular. The main southern boundary is 26th Street between Madison Avenue almost to the Avenue of the Americas ("Sixth Avenue"), but a portion of 25th Street, from