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Hint: One Skyscraper Giving Way To Another

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Welcome to CornerSpotter, Curbed's new and fast expanding weekly game in which you—fair readers—consult archival streetscape photos or postcard illustrations to identify the building(s) and/or location presented. Time to tap that reservoir of urban minutiae and flaunt it before your fellow readers. Fire away in the comments, and we'll reveal the correct identity and backstory on Friday.

The corner you're busy spotting is buried in the old financial district. It's just as busy today, but perhaps less chaotic (gotta love traffic lights!). And the building defining the corner is an important early skyscraper, bringing together new technologies in successfully experimental ways. The photo dates to 1904, and the building lived a while longer before giving way to development pressures with another signature downtown edifice. Your task: Name the corner, the building, and its replacement. Did we give away too much? Oh well, the ride's as much about history as anything.
·CornerSpotter [Curbed Chicago]