I love this place because there's always a fresh new reason to go there!
They feature theatre, live music/concerts/CD releases, comedy, fundraisers & events, etc. It's available for anyone to book/rent.
Great things I've seen here:
1. Morris Panych's great play "Lawrence & Holloman"
2. Matthew Campbell (http://www.matthewcampbellmusic.com)
3. Ben Birchard
4. The Human Statues (http://www.thehumanstatues.com)
It has a great vibe and of course, the location ROCKS.
It loses a star because of its size! It's too small! And because of its lack of good drinks (i.e. martinis) available at the bar.