It is located between the Main Station and the Altstadt, at the Frankfurter Anlagenring, and is part of the so-called Bankenviertel.

Major buildings are the Städtisches Opern- und Schauspielhaus, the municipal theatre that opened in 1963,[1][2] and the Eurotower skyscraper.

[1] From 2004, when an underground parking lot below the square was completed, it was remodelled to ensure accessibility for handicapped people of public institutions.

[4] In the Gallusanlage, north of the square, one of two copies of the monumental sculpture Euro-Skulptur by Ottmar Hörl dominates the park.

[5][a] The 14 m (46 ft)-high, 50-ton sculpture, consisting of a blue euro sign surrounded by twelve yellow stars representing the first member nations of the European Union, is illuminated at night by 330 neon light strips.