Out with the porn, in with the condos.

One of the oldest theaters in Vancouver is likely being torn down to make way for a new condo project. The Venus theater on Main st. is the oldest theatre left in Chinatown. It was built in 1912 as The Imperial and originally showed live theatre shows . For the last 25 years it has been operating as a porn theater, but its about to make way for a new erection: a nine story condo tower is in the planning stages.

David Porte says his company looked at any heritage value the theatre had, but concluded it had been so badly renovated over the years it didn’t have much architectural merit left.

“We looked at it, investigated it inside and out,” he said. “Certainly inside it’s fairly grungy, and architecturally there’s nothing left inside. Whatever there may have been is long gone, and the exterior, the pink stucco, sort of speaks for itself.”

With the current flacid state of our market this could be just the thing to perk up some interest among young buyers eager to spread their wallets wide. Could this be just the tip of a much bigger market penetration leaving lenders and marketers turgid with profits?

I just hope the buyers don’t get f***ed.

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Dave2
Dave2
12 years ago

The Sun ran an article on this Tuesday, apparently they found that the ceiling was intact once they took down a false ceiling, that the place was fairly intact.. oh well, at least the 1st Pantages may be restored up on Hastings… Too bad about the Venus though

hartless
hartless
12 years ago

We have lost the last of the great sleaze centers of the city with the demolition of the famouse Venus Theatre. There was nothing so amazing as the historical Imperial being run for the past quarter century as a venue for the underground culture of the oldest form of entertainment. Run by the cousin of the Fox cinama's proprieter, Dong has given the cultural gutter a welcome home. I am personally very upset to no longer see the verbose staircase, ornate turn of the century molded ceiling and flattering curtains draping the sides of the screen. Something wonderouse has been lost forever like the diing flicker of the reel expiring within one of the continents last projection rooms. Rest in Piece, We shall soon resurect you in a new form, Venus in my viens.

Anonymous
Anonymous
13 years ago

What the hell are they thinking? Cleaning up the city. Getting rid of a crime infested pervert heaven, and replacing it with an upscale place to live. The scum developer is probably going to make a profit too…

Anonymous
Anonymous
13 years ago

I wonder if these will be rennie marketed? "Come get lucky at the Venus!" And you think other condo developements are sexy! Try our tight little boxes!

digi
digi
13 years ago

I think Vancouver has enough condos. What about the porn theaters? We just may be running out of those

solipsist
solipsist
13 years ago

Top form Your Eminence!

Anonymous
Anonymous
13 years ago

western housing market vulnerable:http://tinyurl.com/yfeo6sCameron Muir: can't drop 40% like '82 because blah blah blah…different this time. Yah, it's different because the coming recession will be worse, and all those rear-mirror projections will count for jack squat.

Anonymous
Anonymous
13 years ago

I just hope the buyers don't get f***ed.meh. I can live with it.

ken
ken
13 years ago

Wow, I feel sorry for the people that went through that building to do the inspection. I wonder if they were equipped with hazmat suits?