The Suffolk Journal has a mention of Suffolk University's current building project. The University is in the process of disassembling the Modern Theatre's facade and constructing a new building. In its place a multipurpose building will be built, including student housing, a gallery, and a theatre. This website has more about the project.
According to the Cinema Treasures website, the Modern Theatre opened in 1914 and for almost three decades.
Although the Modern Theatre was included in the "Washington Street Theatre District," which was added to the National Register of Historic Places in March of 1979, that didn't guarantee its survival. However, the facade will live on. After a restoration it will be put back into place on the new building.
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