Landmarks and notable buildings along New Montgomery Street include the Palace Hotel (1875, rebuilt in 1909), the Sharon Building (1912), the Montgomery (1914, headquarters of the San Francisco Call until 1950) the Rialto Building (1902, rebuilt in 1910) and San Francisco's first skyscraper the PacBell Building (1924).
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The extension was strongly supported by businessman and Bank of California founder William Ralston – who started the construction of the original Palace Hotel, at the time the largest hotel in the Western United States – in an effort to expand San Francisco's business district to the yet undeveloped area south of Market.
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