Well, the building up there with the columns is the Claudia-Taylor-Johnson Hall. It's at 6th & Lavaca. It's sort of hard to count the blocks since they aren't too well defined, but I think I counted 4 blocks south of it. That should put the Walter Tips Co. building in the 200 block of Lavaca.
There's also this link that seems to show an expanded building. This says it was located at 2nd & Colorado.
https://texashistory.unt.edu/ark:/67531/metapth19286/