The other photo was taken from main street looking west onto 2nd South. Here is the original from 1907 and what it looks like today:
Used by permission, Utah State Historical Society, all rights reserved.
I did find out some great information on the Continental Bank Building. It too was highlighted by the Utah Heritage Foundation. Apparently it was threatened by demolition in the 90's. It was saved when the property was bought to use as a hotel. The Utah Heritage Foundation stated, "As this preservation success story illustrates, the problem with "economically unviable" historic buildings often lies in the perception of developers rather than in the buildings themselves." Often, historic buildings are at risk because they are seen as not profitable. However with the right mindset, this common perception is found to be untrue.
As for the future of this site, there is an interesting project going on now with the Capitol Theatre. There is an empty lot just to the west of it. There are plans for Ballet West to build a dance center. For more information, click here. One more thing to add about the Capitol Theatre. I was really impressed with it, because it has architectural feel very similar to some of the buildings by Gaudí. Gaudí is a Spanish architect, and has made some of the most interesting, organic, and incredible buildings I have ever seen. He's amazing. If you want to see more of his stuff, click here.