The creation of New Town dates back to King Charles IV in 1348 as a spacious new area between Vyšehrad and Old Town. The new district was to increase the size and population of Prague. The New Town of Prague serves as Prague's main commercial district. Numerous businesses, hotels and banks are located there, as well as department stores, boutiques and a few small shopping malls. The New Town is also rich in culture, offering many theatres, cinemas, museums, and the State Opera House. The bustling heart of New Town is Wenceslas Square, which starts at the National Museum and ends at the edge of Old Town.