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Taksim is a main transportation hub and a popular destination for both tourists and residents of Istanbul. İstiklal Caddesi (Independence Avenue), a long pedestrian shopping street, ends at this square, and a nostalgic tram runs from the square along the avenue, ending near the Tünel (1875) which is the world's second-oldest subway line after London's Underground (1863). In addition to serving as the main transfer point for the municipal bus system, Taksim Square is also the terminus of the Hacıosman-4. Levent-Taksim-Yenikapı subway line of the Istanbul Metro.
The Golden Horn was a natural port, particularly the Eminönü/Sirkeci shore, which being on a peninsula was also eminently defensible. It was this location that led to the foundation of Byzantium, and from here that the city grew, with the oldest neighborhoods being the port districts along the Golden Horn. In the 12th century, the Byzantine port was also occupied by merchants from Venice, Amalfi, Genoa and Pisa, who eventually acquired their own wharfs and waterfront districts.
Surrounding Taksim Square are numerous travel agencies, hotels, restaurants, pubs, and international fast food chains such as Pizza Hut, McDonald's, Subway, and Burger King. It is also home to some of Istanbul's grandest hotels including the InterContinental, the Ritz-Carlton, and The Marmara Hotel. Taksim is also a favourite location for public events such as parades, New Year celebrations, or other social gatherings. Atatürk Cultural Center (Atatürk Kültür Merkezi), a multi-purpose cultural center and opera house, is also located at Taksim Square.
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