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 (1890) Madison Square Garden (1890) Madison Square Garden (1890-1926) was an indoor arena in New York City, the second by that name, and the second to be located at 26th Street and Madison Avenue in Manhattan. Opened in 1890 at the cost of about $500,000, it replaced the first Madison Square Garden, and hosted numerous events, including boxing matches, orchestral performances, light operas and romantic comedies, the annual French Ball, both the Barnum and the Ringling circuses, and the 1924 Democratic National Convention, which nominated John W. Davis after 103 ballots. The building closed in 1925, and was replaced by the