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Hint: A Temporary Beaux Arts Structure Demolished For Profit

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Welcome to Cornerspotter, Curbed's game in which you try to identify the location and/or identity of a particular building or streetscape in a historic photograph. Impress us and your fellow Curbed readers with your uncanny insight into New York City and its past!

When this elegant Beaux Arts structure was erected in the early 1900s, it was known that the building, filled with shops, studios, and offices, would be temporary. It replaced a different historic building that was destroyed in a fire, and the owner wanted a new building that would no longer remind New Yorkers of the "frightful catastrophe." He commissioned the pictured structure, which was so loved by the city that there was a campaign to save it, but the owner ultimately tore it down to build something more profitable. Today, those buildings are also long gone, and the corner is occupied by a building much less monumental. Do you know what this building was and where it was located?
· Cornerspotter archives [Curbed]