Built as the Clarendon Hotel in 1904, the building became commercial premises after the hotel closed due to a fire c1925. An original third floor was removed after the 1931 earthquake. Goldfinch and Cousins occupied premises in the building from 1927-1975. Colonial Mutual Life (CML) purchased the building in 1950, and it was demolished c. 1975 for a new CML 6-storey office building. This building now houses 'The Hub' accommodation block, with shops at ground level. Beyond can be seen the (now demolished) former National Bank of New Zealand, on the corner of Cuba Street and Rangitikei Street.