Shubert has owned the Winter Garden Theatre longer than any of its other venues. The playhouse occupies the second American Horse Exchange, built by William K. Vanderbilt in 1896, when Longacre (now Times) Square was the center of the horse and carriage trade. By 1911, when the Shuberts leased the Exchange, horses had given way to the automobile and legitimate stage was making inroads north of 42nd St. The Winter Garden was converted into a theater in 1911, and had brief interludes as a movie house from 1928 to 1933 when Warner Brothers leased it, and again in 1945, when United Artists ran it.