The new museum, planned in association with architects Hellmuth, Obata and Kassabaum, was built on a parking lot on Third Street between Mission and Howard streets. The south-of-Market site, an area near the Moscone Convention Center mainly consisting of parking lots, was targeted through an agreement between the museum, the redevelopment agency and the development firm of Olympia & York. Land was provided by the agency and developer, but the rest of the museum was privately funded. Construction of the new museum began in early 1992, with an opening in 1995, the institution's 60th anniversary.