Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

National Museum Cardiff in Wales May Close for Repairs to Address ‘Deteriorating Condition’               

June 30, 2026

Ukrainian President Volodymyr Zelenskyy Announces Replacement for Long-Toppled Lenin Monument in Kyiv

June 30, 2026

Zymeworks Expands into Respiratory Market with Theravance Buyout

June 29, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Portland Museum of Art Buys New Building For $14 M., Freeing Up Space For Exhibitions

News RoomBy News RoomApril 9, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

The Portland Museum of Art (PMA) in Maine closed on its purchase of a new building in the city’s downtown, as well as two adjacent parking lots late last month.

The building, previously owned by MaineHealth, a major regional hospital system and the largest private employer in the state, was sold for $14 million.

The plan is for the PMA to move its administrative offices to the new Free Street building, which is next door to the museum as a way to open up space for more galleries in its main building.

“This acquisition is a milestone for PMA, allowing the next generation of our institution to grow in place in the Arts District,” Marcie Parker Griswold, head of communications for the museum, said in a statement Wednesday. “Securing these neighboring properties enables us to turn a long-term vision into reality: creating a more accessible and cohesive home for the arts in the center of Portland.”

The PMA is in the process of launching another, unrelated, addition to its facilities: a new wing that would more than double the museum’s footprint with additional gallery space, a performance space, a photography center, and a rooftop terrace. To create space for that extension, the museum demolished the former Children’s Museum building at 142 Free Street, which it purchased in 2019.

The new wing, planned to cost $100 million, is being designed by LEVER Architecture, which won an international design competition for the commission.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

National Museum Cardiff in Wales May Close for Repairs to Address ‘Deteriorating Condition’               

Ukrainian President Volodymyr Zelenskyy Announces Replacement for Long-Toppled Lenin Monument in Kyiv

Refik Anadol to Stage Monumental AI Installation on Smithsonian Castle in DC

Three Swiss Museums Return Trove of Benin Bronzes to Nigeria

Chyrum Lambert’s Paper Cutouts Open New Dimensions

70-Ton Statue of Lionel Messi Appears in Argentina Amid World Cup Fervor

Man Pleads Guilty in Fraud That Swindled Bruce Springsteen Manager

What the Hell Is That Weird Painting Donald Trump Just Posted?

Pre-Hispanic archaeological discovery in western Mexico features ‘unprecedented’ characteristics – The Art Newspaper

Recent Posts
  • National Museum Cardiff in Wales May Close for Repairs to Address ‘Deteriorating Condition’               
  • Ukrainian President Volodymyr Zelenskyy Announces Replacement for Long-Toppled Lenin Monument in Kyiv
  • Zymeworks Expands into Respiratory Market with Theravance Buyout
  • Refik Anadol to Stage Monumental AI Installation on Smithsonian Castle in DC
  • IsoEnergy Finalizes Toro Energy Acquisition

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Ukrainian President Volodymyr Zelenskyy Announces Replacement for Long-Toppled Lenin Monument in Kyiv

June 30, 2026

Zymeworks Expands into Respiratory Market with Theravance Buyout

June 29, 2026

Refik Anadol to Stage Monumental AI Installation on Smithsonian Castle in DC

June 29, 2026

IsoEnergy Finalizes Toro Energy Acquisition

June 29, 2026

Three Swiss Museums Return Trove of Benin Bronzes to Nigeria

June 29, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.