With the new building, the institution will have an area of over 6,945 square metres, spread over 14 floors, with seven galleries, an art school, laboratory, restaurants, shops, event areas and even an underground tunnel. The project will be covered by glasses with an eight-meter ceiling height and will be ready by January 2024. The cost of the project is around R$ 180 million.

According to a statement issued by MASP, the project will be LEED (Leadership in Energy and Environmental Design) certified. The building promises to bring modernity and technology with automated LED lighting aiming to reduce energy consumption significantly. In addition, there will be a double façade that protects the building from solar radiation and shades the windows, reducing the internal thermal load. The metallic mesh that will coat the building allows a layer of air to form between the building and the external façade, creating a microclimate to better the ventilation and air conditioning system and reduces energy consumption.

The new building will be responsible for expanding MASP's exhibition capacity by 66%, which currently exhibits just over 1% of its collection, comprising more than 11,000 paintings, sculptures, objects, photographs, videos, and other art pieces.

The expansion project was signed by the architect Júlio Neves, who was already president of MASP, from 1995 to 2009.

The project will be named after Pietro Maria Bardi, the museum's first artistic director. In contrast, the original building – one of the city's postcards – will be named after Lina Bo Bardi, the architect who designed it.