I have posted several more photos of the progress below.

what are they converting it into?

First republic Bank. If you look at photo 2 there is a billboard of how it will look.

Nice going DLD.

My mom's friend who is 80 and lives in Cape May grew up here, and asks all the time about the neighborhood, and I was telling him the latest on the movie theater. I can show him these.

Hahahaha. You got the "Y" bus in one picture. Oh I mean the 70 bus. Shows how old I am calling it the "Y".

Thanks for those. Oh look the woman at the bus stop just missed her bus. She looks a wee bit cold. Probably had to wait another half an hour.

It is so sad to see it torn down but I am sure it will look nice. Great photos, ( ya got my neighbor standing on the bus sop)jk

In Pic #2, the low portion of the building was the lobby and an open area with a round glassed ticket office in the front. The high portion was the actual theater.

What they are doing is converting the former lobby of the Mayfair Theatre from a Eckerd Pharmacy to a bank.

There is serious discussion of the Mayfair Theatre over at Cinema Treasures website as well
http://www.cinematreasures.org/theater/8257/

Mike that's a great website. I was looking up all the old theaters. But it really kind of makes you sad about the places that are not there any longer. Especially the Midway Movies at K & A. What a big waste. Totally demolishing that great place. I totally forgot that story until I read it again. Now I am mad.

When we were kids we used to get on the bus and try out different theaters. I remember The Kent at Kensington below Huntingdon Streets. We'd go to see afternoon "B" movies - like "The Crawling Eye" and "Thirteen Ghosts". They gave out "lucky bucks" there with your ticket you had a chance of winning $1.00!
Of course the Midway, saw "The Mark of the Devil" there and as a marketing gimic (because it was supposed to be such a gross out) they handed out vomit bags with your ticket! We used to go to the Mayfair and the Castor - saw "The Sound of Music" at the Castor. Oh well, those were the days!
It would be great to see the Mayfair someday become a theater again, but it seems that more and more people are going to the movies less and less. The cost can be prohibitive, especially if you're taking a family. And now they have not only video stores, on-line mail order video stores and on demand - but the first run films are also going to release the video of the films on the same day.
Nothing can replace the experience of a great film on a large screen in a theatre though.

That's true, And that's why I'm not worried about Movie theaters continuing to be around for a while. TV was also supposed to elimate movies, and radio. But it didn't.
I like a multiplex more than a single screen though.