Prospect Theater Company's staging of The Taxi Cabaret, a new musical revue about life in New York, written by composer-lyricist Peter Mills, has been held over at the Duplex Cabaret Theater in Greenwich Village.

Conceived and directed by Cara Reichel, the show continues 10 PM March 2 and 7 PM March 10, 17 and 24. The original run was Feb. 2 23.

Said to be in the spirit of Closer Than Ever, Personals and A… My Name Is Alice, this original 90-minute musical (conceived by Reichel, with book, music and lyrics by Mills) follows the lives of six twenty somethings during their first year in the Big Apple.

The Taxi Cabaret is the first writing collaboration between director and author, who were among five grads from Princeton University who founded nonprofit Prospect Theater in 1998.

Mills is a 1999 graduate from New York University's Tisch School of the Arts Musical Theater Writing Program. Reichel is pursuing her M.F.A. in directing at Brooklyn College. The ensemble features six newcomers to the New York theatre and cabaret scene: Alison Cimmet, Christopher Graves, Jason Mills, Katie O'Shaughnessey, Brian Rooney and Simone Zamore. Choreography is by Marlo T. Hunter, costume design is by David Kaley and set designer is Jaime Vallés.

Mills is working with composer Deborah Abramson on a musical, Marco Polo, based on the life of the explorer.

Prospect Theater Company (Reichel, producing artistic director; Melissa Huber, managing director) is committed to producing new work for the American musical theatre. Previously, the group staged Everyman at the Grove Street Playhouse in March 1999.

Cover charge is $10 and there is a two-drink minimum. The Duplex is at 61 Christopher Street on the corner of Christopher and Seventh Avenue South. For reservations, call (212) 255 5438. For information about Prospect Theater Company, call (212) 249-3072.

-- By Kenneth Jones