The Rathausmarkt was built after the
Great Fire of Hamburg in 1842, which destroyed also the old city hall near the bridge of
Trostbrücke and the buildings near the new city hall, with the exception of the building of
Hamburg Stock Exchange. Shortly before the fire, the old St. John's monastery and also the old church of St. John, located on the southern end of the square, which were situated in the area of today's Rathausmarkt, had been demolished. The square was created pursuing a plan and designed after the model of
Piazza San Marco in
Venice, which is also opening to the waterfront. Until the 1970s the square was a transport hub for the
Trams in Hamburg. After tram operation had ceased in 1978, the square was fully renovated and surfaced with red granite until 1982 under the aegis of mayor
Hans-Ulrich Klose, wherefore it was jokingly dubbed
Red Square. ==Monuments==