The $32 million gallery and performance venue is set to be built in the central Sydney suburb of Chippendale.

Billionaire arts philanthropist Judith Neilson has submitted a development application for the construction of a new $32 million art gallery and performance space, which when completed will rival David Walsh’s MONA in Hobart as the largest privately funded museum in Australia.

The plans for the new gallery, which is to be constructed in the central Sydney suburb of Chippendale, is on the cusp of being approved by the City of Sydney, and is conveniently located near Neilson’s White Rabbit Gallery. The building will also contain a garden and two apartments for visiting artists.

As one might expect of a cutting edge arts venue, the plans for the gallery have been drawn up by a crack-team of architects, designers, and conceptual artists, including the likes of John Wardle Architects, Durbach Block Jaggers, Janet Laurence, and Khai

Zimbabwean-born philanthropist and art collector Neilson is a prolific benefactor, including most recently donating $10 million to the University of New South Wales’ Faculty of Built Environment in January of this year. Neilson is also a committed art collector and boasts the largest collection of millennial contemporary...