The New Museum will nearly double its size on the Bowery.
Here are some details via the EVG inbox...
The New Museum is launching an $80 million capital campaign to mark both the Museum’s fortieth anniversary and its tenth year on the Bowery. The campaign, which will support expansion and growth of Museum programs and more than double the endowment, has already received $43 million in lead gifts from several members of the Board of Trustees.
After nearly a decade on the Bowery, during which visitation has grown by 400 percent and the number of people served by its programs has grown 4,000 percent, the New Museum is bursting at the seams. Renovating its adjacent property at 231 Bowery will provide additional space for programs while adding urgently needed office and support spaces. The expansion effort will ultimately enable the Museum to double its exhibition galleries, expand educational initiatives, improve circulation, add more public amenities, and improve the visitor experience.
231 Bowery was home to Daroma Restaurant Equipment until the spring of 2011 when they moved down the Bowery (and the owner pleaded guilty to tax fraud). The New Museum bought the building for $16.6 million in September 2008.
According to The New York Times, the address once provided "raw studio space for seminal New York artists like James Rosenquist and Tom Wesselmann."
The combined 231 and 235 "would increase the museum’s footprint for exhibition space, storage and offices to a little more than 100,000 square feet, from 58,000 square feet now," per the Times.
Photo courtesy the New Museum. Dean Kaufman, 2015