It is the result of a redevelopment of an area in the southern part of the former Freeport of Copenhagen into a mixed-use neighbourhood which consists of dwellings, offices and retail establishments, combining converted historic buildings and modern architecture.
The former Free Port Station building was put in storage during the redevelopment and is now located in the middle of the square where it serves as a café.
The name of the area, like that of the quay, is a reference to the Amerikabåten, large passenger ships which used to transport Danish emigrants to New York City during the first half of the 20th century.
The Copenhagen-Malmö link was founded as a joined venture between the Swedish and Danish state railways in 1895 in connection with the opening of the new free port in Copenhagen.
In 1986, the premises were taken over by DanLink which operated a cargo line on the route Copenhagen-Helsingborg until 30 June 2000 when it closed due to the opening of the Øresund Bridge.
[2] The square is dominated by the former Free Port Railway Station which was dismantled in 2002 and rebuilt in 2005 to serve as a café pavilion near its original location.