It might be typical and ordinary for nowadays, but this footage represents the FIRST EVER Time-Lapse in filming history.
The film starts with a 30 second regular motion of the theaters construction site and the surrounding buildings and street; a typical everyday life routine can be seen with pedestrians and vehicles( old fashioned automobiles and carriages ) crossing...
From the first 30-sec of the footage , the Time-Laps kicks off; Shot once every four minutes in a 8-hour daylight period and lasting for 30 days ( the demo duration) , the Theatre is built with extraordinary architecture but meanwhile after the completion the footage is reversed indicating a Time-lapsed demolish of this immense structure!
The main POINT of the footage is that unlike assumptions , the movie was recorded ONLY during the Demolish and not the construction ( since the building was built above 40 years before the shot) , so alongside the time-lapse , the director has made use of a fascinating Time Reverse seeming that the construction of the structure is recorded although it's just the DEMOLISH revised!!!
Throughout the build and demolish a bunch of changes can be seen in the area: The awning of a building on the left front side ( probably a Cafe!!) is opened and shut several times and a misty smog and slight showers ( which seems like snow) are shown...
Regardless of the modern era and it might be just a boring 3 minute "waste of time", this footage introduces a newborn revolution into the History of Cinema which is technically applied in the following motions and pictures...
A MASTERPIECE for the 1900's!!!