Built in 1927, the Empress Theatre, with its Egyptian Revival style, played host to a variety of forms of entertainment over the years, including burlesque, dinner theatre and repertory films. During the 1960s, the Empress changed vocations a few times. In 1962, it was converted into a café-theatre called the Royal Follies, before becoming, in 1968, a two-tiered cinema known as Cinema V and Salle Hermes. In 1975, it kept the name Cinema V and focused primarily on repertory films. Famous Players bought the venue in 1988, turning it into a cinema for feature-length blockbuster films. In 1992, a major fire destroyed the building and forced its closure. The building has been abandoned ever since.
The City of Montreal bought the theatre in 1999 from Standard Life. In 2001, the theatre was returned to the Côte-des-Neiges – Notre-Dame-de-Grâce borough. Several projects to repurpose and enhance the building have been presented over the years, to no avail.