Tadao Ando plans to build a circular structure with three levels of galleries inside the round building, which is bound by strict historic preservation norms. It will have 2,973 square meter of exhibition space and an underground auditorium. The museum, which will only showcase contemporary art — including pieces from Mr. Pinault’s collection of more than 3,000 works — will be renovated and run by his family’s company, after a Bourse renovation expected to cost around 108 million euros. The project is scheduled for completion in late 2018 for an opening planned in early 2019.
Considering the scope of this challenge, it seemed obvious that I should entrust Tadao Ando with this mission, as Ando is one of the few architects working today who is able to create a dialogue between architecture and its context, its past and present, masterfully combining originality and discretion,” said François Pinault in a press release.
The announcement also revives a long battle between the two well-known art collectors in France: Pinault and Bernald Arnault. They have both sought homes for their private art collections, with Arnault’s currently in the Frank Gehry –designed Fondation Louis Vuitton in Paris.