I was in the cab the other day with a very chatty taxi driver. He was very knowledgeable on all the buildings that we passed by. He's very animated, so you do enjoy listening to him. (very rare right?)
When we at this junction, he said: "look at that building (Fortuna Hotel)". That's the location of the infamous incident - the collapse of the previous Hotel New World that killed many people. Probably one of the worst disaster that killed so many people.
Well if you want to read more about it, take a peep at Wikipedia.