Taksim Square
Taksim Square is the most known modern city center of Istanbul. Many hotels and restaurants are in or near the Square and on Istiklal Street, and there is a local bus terminal for public transportation and the main subway station. Istiklal pedestrian street has many bars, night clubs and movie theaters therefore it's always busy with young people almost for 24 hours a day. The Square is also the meeting place to celebrate New Year's Eve, parades, public concerts and other shows..!
The most important monument in Taksim Square is the Independence Monument (Istiklal Aniti in Turkish), standing at the beginning of Istiklal pedestrian street. This is also the turnaround point for the old tram which is the only vehicle permitted on Istiklal Street beside official (police and government) cars.
The word Taksim means "division" or "distribution". Taksim Square was originally the point where the main water lines from the north of Istanbul were collected and branched off to other parts of the city (hence the name.) This use for the area was established by Sultan Mahmud I. The square takes its name from the Ottoman era stone reservoir which is located in this area.
My Favorite building of this square is definitely The republic monument, builded to commemorate the formation of the Turkish Republic in 1923..