Hey Dude! you finally posted something I really, really like!
If you pay attention to the whole scene, it is easy to figure out that area was going to be destroyed shortly; also, the artist(s) must have had the blessing of the city in order to have the time to complete the work.
There is an artist in Paris who does pochoir (stencil art) who do their work only on buildings that are to be torn down - generally zoo-related like this one. This is by Mosko and associates