The Tin Building, the 53,000-square-foot, two-story food emporium and restaurant destination opened by Jean-Georges Vongerichten in summer 2022, has closed permanently as of today. This summer it will become Balloon Museum, an interactive contemporary art experience. Yes, you heard that right.

Seaport Entertainment Group, the spinoff from the Howard Hughes Corporation that owns the Tin Building, leased the space to Lux Entertainment, founded in Rome in 2021 to create and produce touring and site-specific exhibitions that combine monumental works, interactive environments and live performances. The lease is an initial term of five years with option to extend for two separate consecutive renewal terms of five years each.

Balloon Museum (they seem to mostly skip the definite article) first debuted in Italy in 2021 and since then has launched exhibits in 23 major cities across the globe — all in architecturally iconic venues such as the Grand Palais in Paris, Old Billingsgate in London and the Palace of Fine Arts in San Francisco. Nearly 300,000 people visited its 2023 New York pop-up at Pier 36 over the course of 77 days.

This will be Balloon Museum’s US flagship.

“Balloon Museum has redefined the way millions of people experience contemporary art through large-scale interactive exhibitions that transcend traditional boundaries of gallery spaces,” the press release said. “Visitors are immersed within the artwork itself — not as passive observers, but as active participants who touch, move through, and directly engage with the installations.”

The Tin Building has struggled in the past year, reportedly losing $100,000 a day on average, or $83 million in total, according to publicly available financial records. And more than half the restaurants inside had closed, both the full service and the takeaway. It seemed like closing was on the horizon as early as late 2024.

The Balloon Museum exhibits are developed by a curatorial team that selects artists — some of whom are featured in prestigious in collections such as MoMA, Tate and Centre Pompidou. — to create through a unifying medium of air. The work is monumental in scale, and also uses light, sound and motion to create its effects.

“For this new location, we will present a completely original exhibition featuring newly commissioned works by internationally renowned artists,” said Roberto Fantauzzi, CEO and founder of Lux Entertainment. “The Balloon Museum at the Tin Building is a natural evolution and significant leap in scale, not simply a new chapter, but the beginning of a stable and ambitious new dimension for our company.”

Additional details about Balloon Museum’s concept and potential relocations of existing Tin Building concepts will be announced in the coming months.