Museum officials will begin work on a master plan for the new structure to catch up with the fund-raising effort to pay for it, Sylvia Orozco, the museum's director, tells GlobeSt.com. She says the museum has focused on fighting the historic designation by the city.
Parts of the 22,080-sf building date to 1869, but has undergone considerable changes over the years. City council members cited the changes in denying historic zoning.
The museum building is next to the Fourth at Congress building, a 33-story Cousins Properties Inc. development. A key to a new museum building is to build it while the Cousin's structure is under construction. Cousins has pledged $50,000 in cash and $1 million of in-kind services to help the museum determine what it will need in a new building and to build it. Orozco says the museum is in the final phase of its $15 million fund-raising campaign.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
