The theater's auditorium was gutted in 1989 for multiplexing. It's stunning lobby spaces, as sleek as an ocean liner, were mutilated to accommodate elevators and the first floor's conversion to retail space. The theater closed for good in 2006. It was supposed to be destroyed for a ten-story boutique hotel, but then alderman Burton Natarus refused to support the upzoning, and the property was foreclosed on in November of 2009.
After many months of negotiation, Alderman Reilly is pleased to report that the new ownership of the Esquire Theatre site, 58 E Oak LLC, is currently pursuing an adaptive reuse of the Gold Coast parcel located at 58-68 East Oak Street. The existing Lakefront Protection Approval from September 2008 permitted a complete demolition of the Esquire Theater to be replaced with new construction of three-story boutique retail, continuing the existing character of the street. However, this new plan incorporates preservation of the existing exterior walls, the mansard roof and a complete restoration of the iconic Esquire Theater sign.Something is better than nothing, so we're told, but the result is such a total desecration of the original, the question arises of why even bother? The ribbed brick facade is cut in half, and planted with trees. The marque is gone, and the strong stone block above is reduced and punctured to a kind of mannerist frame. All sense of the original building is now lost- will the sign even be lighted? It's just a collection of artifacts. Why not just paste the sign, which is, itself, a replica, on a new building and be done with it?
‘All right,’ said the Cat; and this time it vanished quite slowly, beginning with the end of the tail, and ending with the grin, which remained some time after the rest of it had gone.