The Occidental Hotel was a gorgeous building that stood where we find the "sinking ship" parking garage today near Pioneer Square. The older photo dates from the mid 1880's.
The Occidental only stood for only seven years. It was one of the many casualties of the Great Fire of 1889. The sad remnants of the façade and entryway line up pretty well with the parking garage here.
Continuing with another dramatic picture from the Great Fire of 1889. Here's the corner of 1st and Yesler. Whether through fire or civic improvement, Seattle has a tradition of getting periodically flattened.
The ruins in the previous picture would be at our backs here, as we look more directly up 1st from Yesler. Before the fire this intersection contained buildings that separated what was then Front Street (to the north) from Commercial Street (to the south). After the fire, the two streets were united to create the present day 1st Street.