The New Museum (center) and its new acquisition (to the right), via Art Daily

After unveiling its $50 million, SANAA-designed new location last December, the New Museum recently announced its acquisition of 231 Bowery, a building to the immediate south of its current location, for $16.6 million. The building, which is currently home to a restaurant equipment distributor and several offices, has 47,000 square feet of space, which will be used as office and storage space until plans are finalized for new programs.

NEW MUSEUM
New Museum buys adjacent building on the Bowery [ArtForum]
New Museum acquires adjacent building on the Bowery [Art Daily]

The New Museum (center) and its new acquisition (to the right), via World Architecture News

“The availability of an adjacent property is a once-in-a-lifetime opportunity for a dynamic and growing institution,” commented Dennison in Art Daily. “For the New Museum, the acquisition of 231 Bowery is both a wise investment in our future and a guarantee that we will be able to play an active role in preserving the distinctive character of our neighborhood by controlling development in the immediate vicinity. We are extremely fortunate to be in a position to seize this opportunity as the New Museum enters its fourth decade and anticipates ever more ambitious, exciting, and visible programs.”

Guernica (2007) by Michael Patterson-Carver, via the New Museum

Growth (Survival) (2006) by Allora and Calzadilla, via the New Museum

This entry was posted on Friday, September 12th, 2008 at 6:09 pm and is filed under Art News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.