The Tanghalang Ignacio Gimenez or the new CCP Black Box Theater is a flexible theatrical space that can sit anywhere from 272 to 320 people (using state-of-the-art variable seating technology). It has at least four (4) stage and seating configurations: proscenium or end stage, in the round or arena, thrust and cabaret (with tables and chairs). The theater is ideal for performances of dance, theatre, music and multimedia productions. The flexibility of the retractable seating provision allows for other activities such as art congresses, workshops and
other events.

The venue was named after its donor, a Filipino philanthropist, Ignacio B. Gimenez.