 The buildings surrounding it were pulled down in the 1890s and early 1900s and replaced with new ones..

Christianshavn Penitentiary was demolished in 1928 in connection with a widening of Torvegade.The Greenland Monument was created by Svend Rathsack in bluish granite from Bornholm and installed in the square in 1938.It consists of a Greenlandic hunter with his kayak, placed high on a plinth above two groups of working women.