Internationally acclaimed gallery Hauser & Wirth is teaming up with respected curator Paul Schimmel to launch a multidisciplinary arts center in downtown Los Angeles. Operating under the name Hauser Wirth + Schimmel, the joint venture will transform a 100,000-square-foot flour mill complex into a contemporary art mecca.

The seven-building compound, which includes a Neoclassical bank building, a five-story mill structure, and a sprawling interior courtyard, will open in January 2015. Hauser Wirth + Schimmel will debut with a two-month pop-up group show before closing for extensive renovations.