The National YoungArts Foundation has acquired the famed Bacardi Tower and Museum campus in Miami. Internationally acclaimed architect Frank Gehry has been retained to design a master plan that preserves the historic tower building while creating a "multidisciplinary arts campus and park."

The former Bacardi headquarters, with its distinctive blue-and-white tiled and stained glass facades, is one of the city’s most recognizable structures, was built in 1963 by Cuban architect Enrique Gutierrez, a Mies van der Rohe collaborator.

"With its new campus, the YoungArts Foundation will introduce a mentoring and scholarship program targeting talented students in architecture and design," Architectural Record reports. "Gehry will commission some of these students to assist him with the campus design."

Watch Miami architect and historian Allan Shulman and Rebecca Stanier-Shulman describe the Bacardi building below.