It originally consisted of sixteen stalls[2] created by two rows of brick pillars supporting a gable roof and arched ceiling over an open market area, known as the Shambles.

The market section between Pine and Lombard underwent a major restoration in 1923, which replaced the roof and a number of brick piers.

In 1975, a modern steel-and-glass retail and restaurant complex called NewMarket opened east of the historic market between Pine and Lombard Streets.

The houses surrounding the square are from the late 18th to early 19th centuries, and the area was extensively restored in the 1950s and 1960s.

Most are typical middle class examples of their time, though the John Ross House at 401 S. 2nd was one of the largest townhouses of its day.