Chicago’s Esquire Theatre Sold; Future Unknown
CHICAGO, IL — The Esquire Theatre is slated to be sold next month to a real estate developer, according to the Chicago Tribune, and its future as a movie house is now anything but certain. The 1938 Art Moderne movie house is currently operated as a six-screen multiplex by Loews Cineplex.
The sale to Mark Hunt for $13.5 million is scheduled to be completed in advance of a new 21-screen AMC megaplex opening nearby. The imminent doom of the remaining smaller movie houses in the area has already claimed the once popular McClurg Court and is now threatening the Esquire after almost 65 years of exhibition.
There is still a chance that the Esquire could remain in operation and perhaps become the anchor for a larger retail and entertainment complex. Alternately, the theater may be torn down and converted for any number of uses including a hotel, office and residential space, or for retail use.
We’ll keep you posted …
(Thanks to Michael Garay and Bryan Krefft for the news.)