The square is busy day and night with tourists, elderly immigrants, overseas students, local youth, street performers, and religious activists.

After the hut collapsed under a heavy snowfall, the cinema was reconstructed as a 600-seat theater for film screenings and live opera performances.

[2] The land on which Zion Square and the Downtown Triangle lies was purchased by the Jewish Colonization Association from the Greek Orthodox Patriarchate,[4] which began selling off some of its holdings in Jerusalem after World War I.

[27] Architect Ron Arad of London was hired and presented a plan to install a towering, red, reflective steel sculpture as a focal point for the square.

[27] At the same time, Lemallah produced its own counterproposal for a round, six-sided, steel "peace dome" to span the square and Jaffa Road.

In early 2016, a contest was held to redesign the square and on September 13, 2016, the Jerusalem Municipality announced that its panel had chosen a design by Maya Atidia and Tamir Manzur-Carmel called "Urban Forest Clearing" as the winner.

[30] Redevelopment work began in 2018, with the installation of a stage, public seating, and trees of the plane, carob, Mediterranean hackberry, and pear varieties.

[31] Zion Square is packed at all hours with a broad cross-section of Jerusalem life: bearded mystics, heavily armed police, declaiming self-styled holy men, jubilant Hassidim, sullen teenagers, bright-eyed tour groups and street musicians.

Zion Square is busy day and night as a meeting place and hangout for people from all walks of life, including tourists, elderly immigrants, seminary students, street performers, and Chabad and Breslov activists.

[37] Street workers have identified large groups of Russian immigrant youth hanging out in the square and drinking vodka purchased with money panhandled off tourists.

Located on the south side of Zion Square, it was originally a 400-seat silent-movie hut and, after snowfall destroyed the structure, was rebuilt into a 600-seat theatre[2] that staged plays, concerts, lectures, and films.

[45] The store was originally established in 1947 on the opposite side of Jaffa Road, and moved to a location near King George and Ben Yehuda Streets from 1970 to 2010.

[7] Menachem Begin stood on one of the hotel's balconies on August 3, 1948, to announce the dissolution of the Irgun and the sign-up of his soldiers with the Israel Defense Forces.