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Hint: Originally on the Outskirts, its Now Eclipsed by Condos

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Welcome back 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 South Florida and its past!

Built by a city founder to provide an essential service, this institution originally provided in high style, catering to a wealthy clientele. Like much else, it flopped in the real estate bust of 1926, then changed ownership, presumably sobering up its high-flying image. After serving the public for many years on land on the outskirts of a particular city, the spot is now surrounded by condos. Can you name this rambling building?
· Cornerspotter archives [Curbed Miami]