New Regal Theatre

1645 E. 79th Street,
Chicago, IL 60649

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Showing 1 - 25 of 72 comments

RickB
RickB on March 5, 2014 at 5:20 pm

Sold for $100,000 to a company called Community Capital Investment, whose plans for the theater are unknown. DNAInfo story here.

DaveM
DaveM on August 21, 2013 at 6:43 pm

From David Roeder’s column in today’s Sun-Times:

A buyer has emerged for the landmark New Regal Theater at 1645 E. 79th St. The Federal Deposit Insurance Corp., which has marketed the 2,250-seat auditorium for the eye-catching price of $99,000, said through spokesman Greg Hernandez that U.S. Equities Realty, its broker, has found a potential purchaser and is in the “due diligence” stage to determine if it can close a deal.

Hernandez declined further comment. The FDIC got the property through a bank failure. The last person to operate the theater was Regina Evans, the former Country Club Hills police chief, who booked some shows there but defaulted on her loans. She’s now due to be sentenced in a fraud scheme involving state job-training grants tied to the theater.

JudithK
JudithK on August 21, 2013 at 6:12 pm

Would love to visit the New Regal Theatre; an audience is definitely waiting for a resolution on this story.

DaveM
DaveM on March 23, 2013 at 8:22 am

This has been listed on and off for months. The update reflects that the price has been cut from $500k to $100k(!) Very sad. Property records indicate the seller is the FDIC. I haven’t been in the theater since the late 80s just after its restoration by the Gardner family, but back then it was in spectacular condition. This is a close second to the Loew’s Paradise as my favorite theater.

Dan Matson
Dan Matson on March 22, 2013 at 3:42 am

It’s up for sale Not sure if the listing was updated or first posted yesterday.

http://www.loopnet.com/Listing/17988180/1645-55-East-79th-Street-Chicago-IL/

RickB
RickB on January 17, 2013 at 6:26 pm

Shots of five endangered Chicago palaces—including this one—and a Roger Ebert essay. Chicago Magazine

Matt Lambros
Matt Lambros on August 23, 2012 at 12:14 pm

The projection booth was empty and not very memorable. I’ll check and see if I have any images of it though.

Scott
Scott on August 23, 2012 at 11:07 am

Your photos are excellent. I wish there was a close-up of the projection booth, which I’ve never seen a really good view of.

Matt Lambros
Matt Lambros on August 23, 2012 at 7:21 am

I recently photographed the Avalon/New Regal Theatre check out some photos at After the Final Curtain

Tinseltoes
Tinseltoes on August 20, 2012 at 1:26 pm

Pictured at bottom left in this 1929 trade article: Boxoffice

rivest266
rivest266 on June 26, 2012 at 4:49 pm

August 28th, 1927 grand opening is in the photo section.

DaveM
DaveM on April 27, 2012 at 9:11 pm

From the Sun-Times:

http://www.suntimes.com/news/12025951-418/ex-cop-charged-with-money-laundering-linked-to-regal-theater-rehab.html

Pano1974
Pano1974 on April 6, 2012 at 9:25 am

I have looked into the theatre, it is beautiful! However there are about a half a dozen major reasons that hold me back. The interior of this theatre is amazing, and it is a work of art.

theatre123
theatre123 on April 6, 2012 at 8:28 am

THE BANK OWNS THE THEATRE

Pano1974
Pano1974 on September 5, 2011 at 7:18 pm

The FDIC owns the theater.

DaveM
DaveM on September 5, 2011 at 7:03 pm

From the front page of today’s Chicago Tribune.

http://www.chicagotribune.com/news/local/ct-met-police-chief-lawsuit-20110905,0,4481922,full.story

The FDIC (which took over the bank which held the mortgage on the Regal/Avalon) may have acquired the theater in a foreclosure sale earlier this summer. If anyone knows for sure, please post!

Broan
Broan on July 27, 2011 at 8:53 pm

Here is a 1955 photo

CSWalczak
CSWalczak on April 6, 2011 at 11:47 am

Recently named to the list of the most endangered historical sites in Illinois: View link.

Pano1974
Pano1974 on February 20, 2011 at 7:35 pm

They are in bankruptcy again.

Chrys
Chrys on January 8, 2011 at 9:56 am

Lived in Chatham in the early 1950’s and remember taking the 79th St bus to the Avalon theater. Many great memories.

Broan
Broan on September 30, 2009 at 2:51 pm

View link – Facing foreclosure