The Olayan Group announced that French luxury design house Hermès has signed a 71,757-square-foot office lease across the entire 23rd, 24th and 25th floors at the newly revitalized 550 Madison Ave. The Midtown location will serve as the brand’s U.S. headquarters.
Under the ownership of Olayan Group, 550 Madison has been designated as New York’s youngest landmark and has undergone an intensive revitalization to reimagine the building as a world-class multitenant office space.
The redevelopment has preserved the Chippendale top and nearly doubled the public open space at the site, bringing green space and a new respite to tMidtown. 550 Madison is the only building in New York targeting both LEED Platinum and Well Gold certifications, the company said
In November 2021, the Olayan Group announced the completion of one of the year’s biggest leases to global insurance firm Chubb at 550 Madison for 240,000 square feet across 10 floors.
