Displaying items by tag: college of art and design

George Washington University plans to sell the historic schoolhouse in Georgetown that it took control of this summer as part of a court approved breakup of the financially-troubled Corcoran Gallery of Art. The agreement sent the museum’s art collection to the National Gallery of Art and allowed the university to absorb its College of Art and Design.

The university said it has selected TTR Sotheby’s International Realty to list the historic brick building, known as the Fillmore, and its one acre of property. The initial sale price is $14 million.

One of the nation’s oldest museums, known for its daring contemporary art exhibitions next to the White House and for its financial troubles, is being taken over by two larger institutions and will soon close for renovations.

Under an agreement signed Thursday, the long-struggling Corcoran Gallery of Art and its College of Art and Design will merge with George Washington University and the federally funded National Gallery of Art.

The three sides agreed the Corcoran will close around Oct. 1 for an undetermined amount of time and undergo renovations. When it reopens, it will offer free admission like the National Gallery’s other buildings on the National Mall.

Fans are breathing a sigh of relief after Washington, D.C.’s Corcoran Gallery of Art decided against selling its historic Beaux-Arts home and moving to the suburbs. The cash-strapped institution shocked fans with the proposal, which was announced this summer. Ultimately, the Corcoran’s board of trustees decided that the museum and its associated College of Art and Design, which is in close proximity to the White House, should stay put.

Designed by Ernest Flagg, the Corcoran Gallery opened to the public in 1897 and remains the largest privately supported cultural institution in Washington, D.C. The museum, which specializes in American art, is currently in need of $130 million worth of renovations. While the institution’s façade was restored last year, the galleries are still in need of a major overhaul, which is the main reason why Corcoran officials were considering the sale to begin with.

Although the institution has been struggling financially for years, strong reaction to the potential move has proved inspirational. The Corcoran is considering embarking on partnerships with like-minded institutions and collaborations with other D.C. museums, including the National Gallery of Art, have been explored.