Studio 54 was transformed into a nightclub by Steve Rubell and Ian Schrager. It took six weeks to convert the theatre into a nightclub at a cost of $400,000. The studio is located at 254 West 54th Street in Manhattan, New York.
The club opened during the disco boom and celebrities were showing up by the dozens. Opening night included Cher, Mick Jagger, Bianca Jagger, Debbie Harry, Donald and Ivana Trump, Liza Minnelli, Jerry Hall, Margaux Hemingway, Salvador Dali, Brooke Shields, and Robin Leach.
It was originally the Gallo Opera House, opening in 1927. It has changed names many times. CBS Radio purchased the theatre in 1943, renaming it Studio 52. During these years, CBS used the theatre for radio broadcasts. From the 1940s to the mid-1970s, CBS used the location as a radio and TV stage that housed shows such as What’s My Line?, The $64,000 Question, The Jack Benny Show and Captain Kangaroo among many others.
In 1976 CBS moved most of its broadcast functions to the Ed Sullivan Theatre and the CBS Broadcast Center, and eventually sold Studio 52, leaving it available to use for some serious partying and memory making in New York City, and in music history.