Built in 1917, it was designed by Rapp and Rapp for the Balaban & Katz theatre chain run by A. J. Balaban, his brother Barney Balaban and their partner and brother-in-law, Sam KatzIt is an example of French Renaissance Revival architecture. It later became a private nightclub in 1986. The theatre is located in the Uptown section of the city, at the intersection of Lawrence, Broadway and Racine. The area has several notable theaters, including the Aragon Ballroom, which is only 0.2 miles away. Since 2006 it has been owned by Chicago-based Jam Productions (itself owned by Jerry Mickelson and Arny Granat), which claims to be the "largest independent producer of live entertainment in the United States"