In 1728 Eustachius Föderl opened an inn and beer garden here, which, according to one theory, is why it became known as Stachus. The beer garden is long gone, but the name has remained—locals still refer to this busy intersection as Stachus. One of Munich's most popular fountains is here—it acts as a magnet on hot summer days, when city shoppers and office workers seek a place to relax. In winter it makes way for an ice-skating rink. It's a bustling meeting point, more so since the complete renovation and extension of the underground shopping center in 2010–11.