Universitate is also Bucharest's meeting point: first dates begin in front of the (newly renovated) National Theatre, look for the neervous young men holding a single flower, wondering if she will or will not show up. The building from which the square gets its name, Bucharest University itself, is a gem, although the once lovely gardens opposite have in recent years been turned into a vast expanse of concrete: not then Bucharest Mayor Sorin Oprescu's finest hour.
The area around the square itself is packed with shops, bars, pubs and restaurants, as well as a number of hotels. You will not have to go far to find whatever it is your are looking for. Bucharest's Old Town is directly south of the square.