The French multinational luxury goods conglomerate, LVMH Group, announced that the long-awaited Fondation Louis Vuitton Pour la Création (or the Louis Vuitton Foundation for Creation) will open on October 27 in Paris. The Foundation will be housed in a building commissioned by LVMH’s chairman and Chief Executive Officer, Bernard Arnault, and designed by the Canadian-American architect, Frank Gehry. The €100 million building, which resembles a cloud of glass, is located in Paris’ Bois de Boulogne district.

The 126,000-square-foot structure features 11 exhibition galleries that will house the modern and contemporary art collection of the LVMH Group, which includes works by Jean-Michel Basquiat, Takashi Murakami, and Jeff Koons, as well as masterpieces from Arnault’s personal holdings. The Foundation, which promotes contemporary artistic creation both in France and internationally, will also host temporary exhibitions, artist commissions, multi-disciplinary performances, and events.