[2] The Venetian restaurant opened and closed numerous times due to COVID-19 restrictions in the state of Oregon, and then again following the January 2022 fire in Downtown Hillsboro.

[3] Following a brief reopen in March 2022 and its eventual closure in July 2022, the owner took focus to reviving the business with rentable spaces as a venue.

[4] In 1888, banker John W. Shute built a two-story building on East Main Street as the new home for the First National Bank of Hillsboro.

The structure featured a façade in the Italianate style of architecture, external cast iron ornamentation, and a roof line with a bracketed cornice.

[11] After purchasing the property the city proposed several redevelopment ideas for the building, including selling it to the McMenamins brewpub chain for a theater and pub.

[14][15] While under city ownership the space was briefly used as storage for the Hillsboro Farmers’ Market and faced possible demolition as estimates for the cost to renovate the structure continually increased.

[17][18] Scheller spent $2.5 million to renovate the space and bring the building up to modern fire, earthquake, and disability access codes.

In early 2017, owner Denzil Scheller reported that he had reached a tentative agreement to sell the theater to a buyer who, for now, wished to remain anonymous.

[26] The theater remained closed as of August 2017, and the Hillsboro Tribune reported that the planned sale earlier in the year had fallen through, with owner Scheller saying the buyer had "disappeared" without explanation just before completing the purchase.

[27] In April 2020, the still-vacant building was purchased by John Lee, who told the News-Times in May that he planned to reopen it with a new, upscale restaurant and to remake the theater space into a ballroom.

[5] Designed to encourage late night patronage of the downtown area, the building's 2007–2008 renovation was considered a centerpiece of revitalization efforts of that part of Hillsboro.