That would be a great thing. I've been in the theater and it's is amazing. From what I could tell, it's mostly intact. The old curtains are hanging, the ceiling is in place, and most of the decoration is there. The exception is that some of the seats are missing where the hallway for the rear entrance cuts right through the middle of the theater.
The building was designed by Lockwood Greene back in the late 1920's. Legend has it that because the depression started just about the time the building was finished, the owners could not pay LG their fee. So a deal was struck to allow LG to rent space in the building for cheap. I don't know if this is true or not, but the story is a good one and LG has had offices there off and on since.
In fact, for a time while I was at LG, we occupied two floors in the Montgomery building because the headquarters building on I-26 was just slam full. The original drawings of the front elevation are framed and hanging in LG's offices. There used to be a marqee for the theater hanging over the right-hand-side front door. I think it had to be taken down when Church St. was widented years ago. I think it would be great if Church St. was moved over to allow the awnings and marquee to be reinstalled. I'm sure LG has all of the original architectural drawings for the building, so restoration information should be easy to come by.
Restoration would probably be expensive, expecially if it becomes residential. The elevators are wonky and the staircases are impossibly narrow. There's no way they would meet code today. Lots of work would be required, I'm sure.
As far as ownership of the building is concerned, I hear the bank owns it now.