The most common and most likely answer to this crossword clue is the 11 letter word TIMESSQUARE
T
I
M
E
S
S
Q
U
A
R
E
Buddy explains!
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.