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"Seventh Avenue" is used as a synonym for the fashion industry–e.g., when there’s a fashion show at Bryant Park, it’s called "Seventh on Sixth.". Seventh Avenue has a Seventh Street South because a stretch was added connecting to Varick Street when the subway was built through Greenwich Village.
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When I first came to New York in 1985, my uncle gave me two pieces of good advice: Don’t play Three-Card Monte and don’t call it Avenue of the Americas.. 6th Avenue was given that sobriquet in 1945 by Mayor Fiorello La Guardia, in honor of the newly formed Organization of American States (and to shake the bad connotation Sixth Avenue, then known as a failed shopping district, had acquired).