By
Rohin Guha
September 09, 2008
Not to be outdone by the Whitney annex downtown, the Lower East Side's New Museum is planning an expansion of its own, already having secured property next door to its existing space. Museum executives have disclosed an approximate price tag of $16 million for the new property; this is on top of the initial $50 million for the museum's extant gallery space at 231 Bowery -- relocated from its previous home at SoHo.
