Place Vendôme (Vendome Square) was laid out in 1702. Architect Jules Hardouin-Mansart, who built most of the Versailles Palace , had originally purchased the land where it sits in hopes of making some money in real estate.
But when the venture was unsuccessful, the land was given to the King's minister of Finance, who proposed the public square. Appearing octagonal in shape, the square was to be built near the site formerly occupied by the palace of the First Duke of Vendome.