Rendering of new L & M Arts space filled with late De Koonings. Photo: L & M Arts

By Mackie Healy, Art Market Views contributor

Bucking the economy and the unpredictability of the L.A. art market, L & M Arts is opening their new outpost this fall in what looks like an impressive venue.

Kulapat Yantrasast, of the architecture firm wHY Architecture, has revamped a 1930s power plant and the added a new brick building, all slotted on a triangular plot of land. A slice of lawn is allocated for sculpture and there is of course ample parking for the Mercedes, Porsches and other wheels preferred by the L.A. art collecting set.

The gallery opens Sept. 25 with a Paul McCarthy show, the artist’s first show in his hometown in ten years.   Sarah Watson, a former Deitch Projects director and staffer at Gagosian Gallery’s Beverly Hills location is the director.

The opening is timed to coincide with the debut of LACMA’s 45,000 square foot Renzo Piano-designed Resnick Pavillon.

Robert Mnuchin and Dominique Levy, who joined forces in 2005, operate L & M from a townhouse on the Upper East Side.