The Dia Art Foundation
, which decided it had had enough of life in the big city and moved to a big house in the Hudson River Valley in 2003, is coming back to its former home in Chelsea. In an announcement
yesterday, director Philippe Vergne explained that the institution would be building a new space at 545 West 22nd Street, which is currently home to one of Pace Wildenstein
's two Chelsea galleries, and right across the street from Dia's former home at 548 W 22nd (pictured), a beautiful four-story brick building (with an awesome pool noodle roof deck, pictured) that currently houses the not-for-profit exhibition and performance space X-Initiative
—which, by the way, is hosting the Editions|Artists' Book Fair today through Sunday
No word yet on how much bigger the new space will be or who will design it, or what Pace Wildenstein is planning to do about the space crunch. The news bodes well for the Chelsea art scene, though, which needs as many permanent art institutions as it can get (like the upcoming Whitney expansion) to insure its ongoing vitality as the recession (and the growing popularity of the LES) thins out the area's numbers.