New World Stages, which rose from the ashes of an old Loews Cineplex in 2004, is an exciting development for the dreary commercial Off-Broadway theater scene. New World’s giant underground complex contains five separate stages (ranging from 199 to 499 seats), providing a great option for producers who want to go the Off-Broadway route, but don’t wish to stray from the theater district. Off-Bway smash Altar Boyz has made itself quite comfortable on Stage 4, while other musicals, plays, revues, solo performances, kids’ shows, and various theatrical events have come and gone. Some shows, like Naked Boys Singing and My First Time, survive by doing just a couple performances a week, usually on the weekend.

The New World complex also has ample space for social gatherings and has hosted special events, ranging from a Kanye West listening party to Rosie O’Donnell’s painting exhibit at the in-house art space, the Gallery. New World Stages is also home to the Time Out New York Lounge, where aspiring stars can “make their Off-Broadway debut” at open-mic Mondays (no cover, accompanist provided) or during Thursday night karaoke.