Studio 54 was a popular New York nightclub from 1977 until 1981 when it was sold by founders and creators Steve Rubell and Ian Schrager. It continued to operate as a nightclub until 1991 by other owners. Located at 254 West 54th Street in Manhattan, New York City, the space was originally the Gallo Opera House, opening in 1927, after which it changed names several times, eventually becoming CBS radio and television Studio 52. Since November 1998 it has been a venue for the Roundabout Theatre Company and is still called Studio 54, but is no longer a nightclub. A separate restaurant and nightclub, called 54 Below, operates in the basement of the famed venue.
Designed by famed architect Eugene De Rosa, the venue opened in 1927 as the Gallo Opera House (soon revised to Gallo Theatre), named for its owner, Fortune Gallo. Beginning with a very large-scale production of La Bohème which closed after three weeks, the Gallo was met with a succession of failed attempts to draw an audience, and was lost to foreclosure after only two years. It later reopened under new ownership as The New Yorker, but continued failing to attract sufficient crowds. It changed hands in the early 1930s, then 1937 it became the WPA Federal Music Project of New York City's Federal Music Theatre/Theatre of Music then it became the New Yorker Theatre in 1939, housing an all-black version of The Swing Mikado, originally from Chicago, for two months, when the production moved to the 44th Street Theatre to finish its run. The New Yorker Theatre saw its final production, Medicine Show, end in May 1940, following which the building remained vacant for three years.
In 1943 CBS purchased the theatre, renaming it Studio 52. CBS named its studios in order of purchase; the number 52 was unrelated to the street it was located on. During these years, CBS used the theater for radio broadcasts.
From the 1940s to the mid-1970s, CBS used the location as a radio and TV stage that housed such shows as What's My Line?, The $64,000 Question, Video Village, Password, To Tell the Truth, Beat the Clock, The Jack Benny Show, I've Got a Secret, Ted Mack and the Original Amateur Hour, and Captain Kangaroo. The soap opera Love of Life was produced there until 1975.
In 1976, CBS moved most of its broadcast operations to the Ed Sullivan Theater and the CBS Broadcast Center, and sold Studio 52. The Ed Sullivan Theater once had access to Studio 52 through an access door, which was cinder-blocked during the theater's 1993 renovation for Late Show with David Letterman.