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Tokyo Architects Making Their Mark on East Village Lot

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We've been waiting since last fall for the BMW Guggenheim Labs-sponsored art pop-up?designed by Curbed obsession and Tokyo architecture firm Atelier Bow-Wow?to come to the rat-infested empty lot at 33 East 1st Street. The opening date isn't for a few weeks yet, but DNAinfo has a construction check, and it looks like the structure is pretty much in place. So what is this thing? It'll host lectures and workshops for 10 weeks, plus a cafe. We've heard some grumblings from neighbors about the construction, but maybe they're just filling the void left by the rats.
The inside as it is right now:

And a rendering of what it's supposed to look like:

· Guggenheim Art Space on E. 1st Street Taking Space [DNAinfo]
· Rat-Infested East Village Lot to Host Guggenheim Pop-Up [Curbed]