June 3, 2026
Plans for a major renovation of the historic Studio 54 theater moved forward on Monday. The City Planning Commission certified Roundabout Theatre Company's application for a special permit to generate bonus floor area to enable a $100 million rehabilitation of the Manhattan theater, which has never received a comprehensive renovation in its 99-year lifetime. Since there are no sites on or around their lot available for development, the theater seeks a text amendment to allow it to transfer its bonus development rights offsite, which would fund the renovation project. Roundabout Theatre, which has owned the property since 2003, has planned a complete overhaul of the iconic venue by David Rockwell and Ennead, raising funds through their Next Stage Campaign.
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