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Gene Feist and Elizabeth Owens founded the Roundabout Theatre Company in 1965. Roundabout Theatre Company also owns and operates three Broadway theatres — American Airlines Theatre, Studio 54 and the Stephen Sondheim Theatre.
With the generous support of the Steinbergs’ Charitable Trust, the Harold & Miriam Steinberg Center for Theatre opened to the public in March 2004. The theatre is utilised as the Roundabout Theatre Capacity's Off-Broadway home. The inaugural production at the venue was Lynn Nottage’s Intimate Apparel, starring Viola Davis.
The complex’s main stage is the Laura Pels Theatre, named after the Roundabout board member who previously funded the company’s first off-Broadway home at the Criterion Center. The space originally contained 350 seats, however, during renovation an extra mezzanine level with 74 seats was added in order to accommodate more of the company’s subscribers.
The theatre is widely used to produce premieres and revivals by established artists. In 2005, Roundabout completed work on the 62-seat Black Box Theatre in the lowest level of the complex. Besides being used as a rehearsal space and for educational programmes, it is also home to the Roundabout Underground initiative, which aims produce new works by emerging playwrights.