Frank Gehry is designing a new art center in Paris for luxury goods company Louis Vuitton Moët Hennessy. The $127 million project, to be called the Louis Vuitton Foundation for Creation, will be located in the Bois de Boulogne, a large park just to the west of the city. The foundation will “open a dialogue with wider audiences,” says company chairman Bernard Arnault, who initiated the project. LVMH already has an art gallery on the top floor of its new store on the Champs Elysées, and has hosted exhibitions at Paris’s Pompidou Center, Palais de Tokyo, and Grand Palais. The building is scheduled to open in late 2013. Sixty-five thousand square feet of exhibition space will contain modern and contemporary art, as well as original commissions produced specifically for the space. These items will likely be themed around LVMH products and symbols. The center will also contain spaces for research, documentation, and teaching. The building will take shape on the site o...