Roundabout Theater Company Plans $100 Million Renovation to Restore Studio 54 as Broadway Theater

Roundabout Theater Company has announced a $100 million renovation plan for Studio 54, the iconic New York City venue it has occupied since 1998. The project aims to restore the building's original theatrical features, including a permanent stage and orchestra pit, which have been absent since its disco-era heyday. This comprehensive renovation represents the first major overhaul of the historic space since Roundabout took over the location. The initiative seeks to transform Studio 54 back into a fully functional Broadway theater, reconnecting it with its theatrical roots while preserving its legendary name. The renovation will address the building's current limitations as a performance venue, bringing it up to contemporary Broadway standards. The project was detailed in a New York Times report on April 8, 2026, highlighting the ambitious scope of the restoration effort. This significant investment underscores Roundabout's commitment to maintaining New York's theatrical heritage while adapting historic spaces for modern use.