Denver’s historic Esquire Theatre up on the market with $3.Three million price ticket

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Denver’s historic Esquire Theatre is on the market, regardless of a prolonged renovation lower than a 12 months in the past by its nationwide theater-chain house owners.
Industrial actual property agency Distinctive Properties this week marketed the constructing for $3.Three million, describing it as “a generational asset.” The constructing is owned by Landmark Theatres, which additionally operates the Mayan, Chez Artiste and Landmark Greenwood Village theaters within the metro space.
Whereas Landmark first acquired the Esquire in 1980, the theater has beckoned art-house devotees and midnight movie-goers alongside a busy stretch of East sixth Avenue in Denver’s Capitol Hill neighborhood for greater than 90 years. The Landmark first opened within the fall of 1927 because the Hiawatha Theatre, with one display screen and a balcony, in keeping with Landmark.
Landmark’s company PR workplace, which is closed till its theaters reopen, directed requests for remark to Landmark’s customer support headquarters in West Hollywood, Calif., which had not responded as of Thursday afternoon. Landmark was additionally nonetheless itemizing the Esquire as one in all its theaters on-line as of Thursday.
The true property brokers listed on the commercial additionally didn’t return calls or emails as of Thursday afternoon.
The Esquire’s sale standing, whereas not precisely shocking, is bound to return as a disappointment to the neighbors and movie buffs who cheered its triumphant return final 12 months.
In December 2018, an incident that Landmark would solely affirm as “a utility outage” shuttered the theater for repairs, together with these as a consequence of water harm. Landmark officers had been tight-lipped in regards to the closure as they promised a spring 2019 opening. When that date got here and went, space neighbors took to social media and native information media to precise their considerations in regards to the doubtlessly everlasting closure of the Esquire.
On June 14, 2019, the Esquire reopened with quite a few enhancements, though possession declined to touch upon the small print, together with the quantity and measurement of the “fashionable, snug seats” or different facilities that may contribute to the “improved theater-going expertise” they touted publicly on the time.
Giant exhibitors akin to Regal, United Artists and AMC Theatres have lately minimize their seating capability at space theaters in favor of bigger seats to compete with specialty chains like Alamo Drafthouse Cinema, in addition to cell and residential viewing.
RELATED: AMC reopening a sixth of film theaters nationwide, together with some in Colorado
However it was apparently to not be for the Esquire within the age of coronavirus, the place even huge exhibitors have struggled with stop-start authorities edicts and buyer security. On Thursday, AMC Theatres, the biggest cinema chain on the planet, introduced that it might begin to reopen Aug. 20 with greater than 100 areas nationwide, together with six in Colorado.
This can be a creating story.
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