6 days ago
Today, the 550 Madison ownership team announced a new design for the landmark commercial tower. Following the NYC Landmarks Preservation Commission’s designation of 550 Madison as an Individual Landmark in July, the ownership team has worked with Snøhetta to preserve the iconic tower while providing modern upgrades and revitalizing the surrounding public space. While the tower’s exterior will remain 94% unchanged, the design includes expanding 550 Madison’s public space by 50%, creating a visual and sensory retreat in the heart of East Midtown. The upper portions of the existing four-story annex, the altered glass roof, and side street enclosures that were added during the 1990s will be removed, creating an expansive, open and inviting public garden. Through Snøhetta’s design, the renovated public open space at 550 Madison will become the largest privately-owned covered pedestrian space within a five-minute walk of the building. The ownership team is led by the Olayan Group with development partners RXR Realty and Chelsfield. Renderings by Moare and LMNB.