The Hollywood couple -- who recently held a star-studded housewarming party to celebrate moving into their new 35 million U.S. dollars Beverly Hills mansion - will buy an apartment in Manhattan while Katie prepares to make her Broadway theatre debut in 'All My Sons'. The show's producer Eric Falkenstein said: "Katie and Tom are committed to keeping the family together, so they have to get an apartment here in New York."
Actor Tom Cruise and his wife Katie Holmes arrive for the Metropolitan Museum of Art Costume Institute Gala, "Superheroes: Fashion and Fantasy" in New York May 5, 2008.
Eric believes Katie - who has a two-year-old daughter Suri with Tom - is perfect choice to play Ann in the stage adaptation of Arthur Miller's play.
He said: "Katie is not a celebrity type. She has done brilliant work in films like 'Pieces of April' and 'The Ice Storm'. "Ann starts out as a simple, sweet, average Midwesterner, and by the finale gets up the gumption to stand and confront what's wrong.
"Katie is perfect, she is a natural sweetheart who can sniff out phonies ... Katie basically has that exact moral fibre [of her character in the play]."
Eric also revealed how down-to-earth the former 'Dawson's Creek' actress was when she first arrived for rehearsals.
"When she signed on, she came here to a bare rehearsal room for a read- through. She didn't ask for anything. She was just sweet and deferential," he added.
Katie makes her Broadway debut in October for a 16-week run.