Roundabout Theatre Company's Studio 54 is set to undergo a $100 million renovation to make repairs and enhancements, The New York Times reports. Studio 54 is well-known as a disco which was a staple in the 1970s. Roundabout Theater Company moved into the building in 1998 and kept the name when the space was transformed into a theater. Now, the theater houses Broadway productions, and is currently home to the reviv…