Originally opened as a cooperative gallery in 1963 near Park Place in Lower Manhattan, in 1965 it moved to a new and larger location at 542 West Broadway. The gallery was a large open exhibition space with an office and second showing space in the back. In general there were two-person exhibitions each featuring a painter and a sculptor in the larger front room, and a small selection of artists work in the back room. The first director of Park Place Gallery was John Gibson who later opened his own gallery in the early 1970s. He was succeeded by Paula Cooper who after Park Place Gallery closed in the late 1960s opened the Paula Cooper Gallery in SoHo. She became a pioneer of the contemporary art scene and a forerunner of the population explosion of art galleries in New York City during the 1970s.