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Does “坊” also mean “square”, “plaza”, “piazza” like “广场”?

Where I am in Kunming there is a square that seems to go by two names: 金碧广场, Jīn bì guǎngchǎng, "Golden Square" 金马碧鸡坊, Jīnmǎ bì jī fang, "Golden Horse and Green Rooster Square" When I look ...