Here is part of the project statement that can be found at the museum’s website:

“…The New Museum is currently building a new, state-of-the-art facility on the Bowery designed by cutting-edge architects Sejima + Nishizawa / SANAA, scheduled to open in the fall of 2007. Over the coming year, the Museum will present programs around the city, and will continue to operate our world renowned store at the Chelsea Art Museum, 556 West 22nd Street (at 11th Avenue).”