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Olayan Group Opens Midtown’s First Public Garden in Decades at 550 Madison Ave.
The Olayan Group recently held a ceremony with elected officials and city leaders to open a new, half-acre public garden at 550 Madison Ave. between 55th and 56th streets in Midtown Manhattan. The opening of the garden, the first new green space in Midtown in decades, comes as Olayan completes the repositioning of the landmarked 550 Madison Ave office tower.
“The half-acre garden at 550 Madison is a welcoming new green space, offering a lush and elegant environment at the center of New York City,” said Erik Horvat, managing director of real estate at Olayan America. “The garden’s cutting-edge design and meticulous maintenance positions it among the most beautiful public spaces in the city, while providing a dynamic amenity to tenants of 550 Madison.”
CBRE is marketing leasing opportunities at 550 Madison, which is 50% leased. The property opened in 1984 as a single-tenant office tower for AT&T.
- ◦Development
