Old Homestead, one of the oldest steakhouses in the city (it opened in 1868), is about to shake up its dining rooms. According to owner Marc Sherry, the restaurant is about to undergo a $2.2 million renovation which will be finished by January 1st, and they will do it all without closing. At the heart of the renovation is the restaurant giving up the lease on its dining room located in an adjacent building. Rather than pay an "exorbitant" rent increase, the chophouse is retooling its main building (which it owns) into three floors of dining rooms. Currently the second floor is only used for private parties and the third floor is office space. The restaurant will actually gain seats with this renovation. And in any event, this has all happened before: the steakhouse used to have a dining room in its other neighboring building until rents pushed them out and Pop Burger in.