Consider the question. The Playboy Club was initially a chain of nightclubs and resorts owned and operated by Playboy Enterprises. The first club opened at 116 E. Walton Street in downtown Chicago, Illinois, United States, on February 29, 1960. Each club generally featured a Living Room, a Playmate Bar, a Dining Room, and a Club Room. Members and their guests were served food and drinks by Playboy Bunnies, some of whom were featured in Playboy magazine. The clubs offered name entertainers and comedians in the Club Rooms, and local musicians and the occasional close-up magician in the Living Rooms. Starting with the London and Jamaica club locations, the Playboy Club became international in scope. In 1991, the club chain became defunct. On October 6, 2006 a new club was opened in Las Vegas, and in 2010 new clubs were opened as well in Macao and Cancun. In time the Las Vegas club closed on June 4, 2012, the Macao club closed in 2013 and the Cancun club closed in 2014. In May 2014 the Commerce Casino in Los Angeles opened a Playboy themed lounge consisting of gaming tables and Playboy Bunny cocktail waitresses.

Where was the playboy club located in chicago?
If the answer is '116 E. Walton Street'; explain the reasoning:
To answer this question, we should know that: The first club opened at 116 E. Walton Street in downtown Chicago, Illinois, United States, on February 29, 1960.