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New York & Tri-State  + Midtown New York  + Office  | 

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. 


Inside The Story

Olayan Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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