The $10 million musical has a score by Tom Kitt and Amanda Green and a book by David Lindsay-Abaire, whose play "Rabbit Hole" recently completed a critically praised Broadway run.
"High Fidelity," which was turned into a popular film in 2000 starring John Cusack, will begin preview performances in New York in November with an opening set for December at a theater to be named.
The cast and exact opening date will be announced later, said producers Jeffrey Seller, Robyn Goodman and Kevin McCollum, the trio responsible for the 2004 Tony winner "Avenue Q."
"There won't be any stars, only star talent," said Seller in describing the 11-person cast.
Seller said he decided to produce "High Fidelity" after hearing composer Kitt and lyricist Green (daughter of legendary lyricist Adolph Green and actress Phyllis Newman) perform four songs from the show at a 42nd Street club.
"I thought, `This must be my next musical,"' Seller said. "It's a great story about a guy who can't figure out how to hold on to a girl."
"High Fidelity" will take the old-fashioned route to Broadway, playing a tryout engagement at the Colonial Theater in Boston, Sept. 26-Oct. 22, before coming to New York. "A show needs time to find itself," Seller explained.
The musical will be directed by Walter Bobbie, who directed the current long-running revival of "Chicago." It will feature choreography by Christopher Gattelli, who created the moves for the off-Broadway hit "Altar Boyz."