File:Times Square Building during construction, Seattle, 1916 (MOHAI 11095).jpg

English:

The Times Square Building is located in downtown Seattle on a triangular-shaped block bordered by Fifth Avenue, Olive Way, and Stewart Street. Designed by architects Bebb and Gould in the Italianate style, the five-story building was completed in 1916 and became a Seattle Historic Landmark in 1984. This image of the Times Building, seen here while under construction, was taken facing east on Stewart Street from an upper floor of the Washington Securities Building on 3rd Avenue [no, it's not, see below]. The white building in the lower left corner of the frame is the New Washington Hotel [no, it's not, see below], which was completed in 1908 at 1902 Second Avenue.

Signs in image: Hay, Flower, Dairy; The Joseph; Lumber; Wm. S. Wright; Pure Unbleached Flour; Floor Paint; Auto & Carriage Painting; Light & Power; Drive In For Gasoline; Apartments for Housekeeping, Apply at Hotel Office; Pine Court; Wholesale & Retail Furniture; Blackstone; Hotel Astoria; Hotel Ritz; Wintonia Hotel; Winton Siz; Get Wrigley's Juicy Fruit Chewing Gum Now; Mack & Super Trucks; Drink Coca-Cola, Relieves Fatigue; Quality Seeds. Caption information source: http://pcad.lib.washington.edu/building/6231

• Subjects (LCTGM): Aerial views; Building construction --Washington (State)--Seattle; Business districts--Washington (State)--Seattle

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Contrary to what MOHAI says, the white building in the lower left corner of the frame is the Securities Building on the northeast corner of Third and Stewart, not the New Washington Hotel (now Josephinum). Presumably the picture was taken from the New Washington Hotel.