The New York Times reports that MCC Theater executives Robert LuPone, Bernard Telsey, William Cantler and Blake West will relocate MCC Theater to midtown's Archstone Clinton building, located at West 52nd Street on 10th Avenue.

The $25 million complex will include a 249-seat main stage theatre and a 99-seat flexible black box space. MCC Theater currently rents the 299-seat Lortel, located on Christopher Street. Their administrative offices are located on 42nd Street.

A permanent home for MCC Theater will allow the company to expand developmental time with playwrights and to extend popular productions beyond their limited engagements. The company is also planning to double its programming in coming seasons, in addition to offering arts programming with New York City school students.

New York City's Department of Cultural Affairs has approved $19.5 million for the project, while MCC Theater has already raised $2 million from its board. They will launch a public campaign to raise the last $3.5 million shortly.

MCC is planning a revised production of the 1988 cult musical Carrie, based on the Stephen King novel of the same title. Marin Mazzie and Molly Ranson star in the production that will begin at the Lortel Jan. 31, 2012.