By Tara Fowler
January 02, 2013 at 06:06 PM EST

Peter and the Starcatcher may be closing on Broadway later this month, but the Tony Award-winning play has found a new home Off Broadway at New World Stages.

Based on the novel by Dave Barry and Ridley Pearson, the Peter Pan prequel tells the story of the orphan who became The Boy Who Never Grew Up. The play first debuted in March 2011 at New York Theatre Workshop before heading to Broadway in 2012, where it will close on Jan. 20. The show will transfer to its new Off-Broadway location this spring.

“We have had an amazing run on Broadway, and audience demand continues to grow,” said lead producer Nancy Nagel Gibbs. “In fact, last week we had our highest grossing week ever. Our transfer to New World Stages allows the ‘little show that could’ to continue to inspire and enchant even more audiences.”

A national tour is scheduled to begin in August.

Read more:

‘Peter and the Starcatcher’ gets box office bump even before Tony wins

Tony Awards: Check out the full list of winners here!

Broadway critical list: ‘Magic/Bird,’ ‘Peter and the Starcatcher’ struggle out of the gate