550 Madison Avenue

A massive blue spherical stone now hangs in the lobby of the landmarked office building 550 Madison Avenue, part of a broader project to revitalize Philip Johnson's postmodern gem. The Olayan Group on Wednesday unveiled the renovated space, a project which included preserving the 110-foot arched entry, adding a multi-story window across from the entrance with views through to the new garden, still under construction, and the centerpiece art commission. Designed by artist Alicja Kwade, who had a solo exhibition at the Metropolitan Museum of Art's roof garden in 2019, the art installation includes a 24-ton Azul Macaubas stone sphere hanging from ten polished stainless steel chains only 12 feet above the floor.
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See inside the amenity spaces at Philip Johnson’s 550 Madison Avenue

Rendering courtesy of Rockwell Group

January 14, 2020

See inside the amenity spaces at Philip Johnson’s 550 Madison Avenue

By Alexandra Alexa

The Olayan Group released a new batch of renderings giving us a sneak peek inside the amenity floor at 550 Madison Avenue. Designed by Rockwell Group, the seventh floor offers a mix of “hospitality-driven” spaces for tenants, including food and beverage options, lounges, shared workspaces, and fitness and wellness areas. The center of it all will be the iconic Philip Johnson-designed oculus—which greets visitors as soon as they step off the elevator on the club floor—framed by two floor-to-ceiling artworks by Dorothea Rockburne, which were commissioned in 1993 specifically for the building.
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Architecture And Design

Snøhetta’s transformed public garden at 550 Madison Avenue receives final city approvals

Renderings courtesy of Snøhetta and MOARE

January 7, 2020

Snøhetta’s transformed public garden at 550 Madison Avenue receives final city approvals

By Alexandra Alexa

The privately-owned public space (POPS) on the ground floor of Philip Johnson and John Burgee’s Postmodern skyscraper at 550 Madison Avenue declined over time due to multiple alterations and was often described as being “tall, skinny, and dark.” As part of Snøhetta’s transformation of the landmark, the garden is receiving a lot of attention. In December, developer Olayan Group revealed plans to increase the public space by 50 percent while creating “a welcoming sensory retreat in the heart of East Midtown.” After being approved by the Landmarks Preservation Commission last year, the open space has now received its final approval from the Department of City Planning.
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Architecture And Design

All renderings courtesy of Gensler

October 22, 2019

New lobby renderings revealed for Phillip Johnson’s 550 Madison Avenue

It's been two years since developers unveiled their plans for a $300 million renovation of 550 Madison Avenue, helmed by architecture firm Snøhetta. Built in 1984 to the designs of Philip Johnson and John Burgee, the 647-foot building was the world’s first postmodern skyscraper. After several revisions, the renovation plans were approved by the LPC in February, and now, developer the Olayan Group has revealed the first renderings of the lobby. Most notably, the interior designs respect the 110-foot arched entryway and vaulted ceilings and add a window overlooking the proposed new public garden in the rear arcade.
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Architecture And Design

February 13, 2019

Landmarks approves Snøhetta’s new designs for Phillip Johnson’s 550 Madison Avenue

In December, 6sqft reported that architecture firm Snøhetta had unveiled a preservationist-friendly revision to a controversial design for an updated AT&T building at 550 Madison Avenue; last month brought more details from the firm's proposal that was submitted to the Landmarks Preservation Commission (LPC). The most recent design is one of several revisions, each followed by controversy over being seen by preservationists as diverting too much from the building’s original design by Philip Johnson and John Burgee. Yesterday LPC approved the new preservation-friendly designs–with some modifications. The office tower is now on track to reopen in 2020.
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January 14, 2019

Get a closer look at Snøhetta’s new designs for Phillip Johnson’s 550 Madison Avenue

In December, 6sqft reported that architecture firm Snøhetta had unveiled a preservationist-friendly revision to a controversial design for an updated AT&T building at 550 Madison Avenue. Now you can get a look at the full details of the Certificate of Appropriateness proposal that will be presented to the Landmarks Preservation Commission (LPC) tomorrow. The latest design is one of several revisions, each followed by controversy over being seen by preservationists as diverting too much from the building’s original design by Philip Johnson and John Burgee. In addition to comparisons to the original, new designs must consider the subsequent revamp that made it the Sony building in 1994, which replaced the building’s open Madison Avenue arcade with “Sony Experience” storefronts and covered a rear public arcade with a glass roof.
Compare the new with the old

December 5, 2018

Snøhetta reveals more preservation-friendly redesign for Philip Johnson’s 550 Madison

Architecture firm Snøhetta unveiled this week a preservationist-friendly revision to a controversial design for an updated AT&T building at 550 Madison Avenue. The latest design is one of several revisions, each followed by controversy over being seen by preservationists as diverting too much from the building’s original design by Philip Johnson and John Burgee. In addition to comparisons to the original, new designs have had to consider the subsequent revamp that made it the Sony building in 1994, which replaced the building's open Madison Avenue arcade with “Sony Experience” storefronts and covered a rear public arcade with a glass roof.
'Hands off my Johnson'

July 31, 2018

LPC landmarks Philip Johnson’s AT&T Building at 550 Madison

This morning the Landmarks Preservation Commission voted to designate the AT&T building at 550 Madison Avenue as an individual landmark. Designed by Philip Johnson and completed in 1984, the world’s first postmodern skyscraper originally served as the AT&T headquarters. A decade later, Sony moved in and it became known as the Sony Tower. Recently, a growing roster of preservationists and architects have been urging the LPC to landmark the building after plans surfaced showing significant changes to its architecture.
So what happens now?

Preservationists, architects urge LPC to landmark Philip Johnson’s AT&T Building

During a nearly two-hour public hearing on Tuesday, passionate preservationists, architects, and community groups testified in front of the Landmarks Preservation Commission in support of designating the postmodern skyscraper at 550 Madison Avenue as an individual landmark. Best known as the AT&T Building, the 37-story tower was designed by Philip Johnson, along with his partner John Burgee, and completed in 1984. As postmodernism's first skyscraper, 550 Madison has stood out for its pink-gray granite facade, arched entryway and Chippendale-inspired crown. A wide range of people on Tuesday voiced support for giving 550 Madison landmark designation, including architectural critic Paul Goldberger. In his testimony, Goldberger cited his own 1978 New York Times review of the building, before it was built, when he called the AT&T Building "a major monument" of postmodernism and "the most provocative and daring skyscraper to be proposed for New York since the Chrysler Building."
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Policy

November 28, 2017

Landmarks votes to consider Philip Johnson’s postmodern AT&T Building for historic designation

By Emily Nonko

This morning the Landmarks Preservation Commission voted to calendar the postmodern skyscraper at 550 Madison Avenue, designed by Philip Johnson and completed in 1984. The world’s first skyscraper built in a postmodern style was originally known as the AT&T Building, as the tower served as the company headquarters. Sony moved in in the 1990s, giving it the nickname of the Sony Tower. Last year, the building sold to the Olayan Group and Chelsfield for a whopping $1.4 billion. Their resulting renovation plan, led by Snøhetta, has elicited protest from preservationists who do not want to see changes to the building's impressive arched entryway. Now that the tower's calendared, the developers' $300 million renovation will eventually come up for a landmarks vote by the LPC.
See renderings of Snøhetta's proposal

Robert A.M. Stern joins fight against Snøhetta’s plan to renovate Philip Johnson’s AT&T Building

Photo of the protest courtesy of Nathan Eddy

November 6, 2017

Robert A.M. Stern joins fight against Snøhetta’s plan to renovate Philip Johnson’s AT&T Building

After Olayan America and Chelsfield revealed plans last week for a $300 million renovation of the building at 550 Madison Avenue, known as the AT&T Building, criticism quickly followed. Members of the architecture community, including New York architect Robert A.M. Stern, rallied together last Friday at the base of the Philip Johnson-designed skyscraper, to protest Snøhetta's proposal to replace the building's base with a scalloped glass front (h/t Dezeen). Protestors held signs that read "Hands off my Johnson," "Save the Stone," and "Save AT&T." Plus, a petition is currently being circulated on Change.org in an attempt to preserve Johnson's iconic AT&T Building by having the New York City Landmarks Preservation Commission officially designate it as a city landmark.
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Snøhetta tapped as lead architect for $300M Sony Building restoration

Rendering of 550 Madison Avenue, via DBOX/ Snøhetta

October 30, 2017

Snøhetta tapped as lead architect for $300M Sony Building restoration

Over the last few years, plans to refurbish the former headquarters of AT&T and Sony Building at 550 Madison Avenue have come and gone, including a proposal to convert the upper floors into luxury condos designed by Robert A.M. Stern. Now, with those plans long abandoned, Olayan America and Chelsfield revealed plans on Monday for a $300 million renovation of the tower, modernizing the lower levels of the building with high-quality amenities and a sprawling 21,000-square-foot public garden. With Snøhetta as lead architect, the renovation will be the first major project in East Midtown since its revitalization plan was approved earlier this year.
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Architecture And Design

April 25, 2016

Chetrit to Sell Sony Building, Abandons Plans for Robert A.M. Stern-Designed Condos

In a very unexpected twist, The Real Deal has learned that the Chetrit Group is selling the Sony Building, scrapping its flashy plans to convert the office building's upper floors to luxury condos designed by none other than Robert A.M. Stern. Olayan America, a division of the Saudi conglomerate Olayan Group, is in contract to purchase 550 Madison Avenue, partnering with European and Asian asset manager Chelsfield. According to the Post, they'll pay between $1.4 and $1.5 billion, a profit of at least $300 million for Chetrit. In a statement, Olayan said they'll lease space to "high-quality commercial tenants."
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New Developments

Sony Tower Conversion to Get 113 Robert A.M. Stern-Designed Condos

550 Madison rendering via Dbox

December 2, 2015

Sony Tower Conversion to Get 113 Robert A.M. Stern-Designed Condos

Curbed spotted the freshly launched teaser site for the Chetrit Group's Sony Tower conversion, now going by the name 550 Madison, which revealed several new details about the project. The most notable is that Robert A.M. Stern will be designing the "opulent" condos, and we assume this includes the $150 million triplex penthouse. Interestingly, Stern was once a student of Philip Johnson, who is responsible for the ground-breaking Sony Building. In all, there will be 113 condo units on floors 21-43, up from the previously reported 96, as well as a 170-key luxury Parisian hotel and high-end ground-floor retail.
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November 30, 2015

Infographic: The 12 Most Expensive Condo Buildings Rising in NYC

By Diane Pham

While it seems like every block in the city is host to a construction site throwing up some luxury condo building or pricey rentals, not all of these developments are created equal. Following up on their last infographic which rounded up the city's top five most expensive new developments, the data gurus over at CityRealty have culled an even more extensive list which pinpoints the 12 priciest structures going up right now. While the number of zeros that follow their combined $20,000,000,000 sellout will make your head hurt, what's even more mind-boggling is that these 12 buildings alone will count for nearly HALF of the money that'll be generated by the 200+ condo projects underway in Manhattan.
All the details here

June 9, 2015

Luxury Parisian Hotel May Be Coming to Chetrit’s Sony Building Conversion

It's definitely been a big number game at Chetrit's Sony Building conversion–from the 96 luxury condos they'll add to floors 14 to 33 of the 37-story tower, to the planned $1.8 billion sellout, to the $150 million triplex penthouse, which, if sold, would be both the city's priciest unit in history (if not eclipsed by the $175 million unit at 220 Central Park South) as well as the largest at 21,504 square feet. And now the Post reports that Chetrit is going to up the ante at 550 Madison Avenue by turning part of the commercial space on the lower floors into a luxury Parisian hotel.
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April 28, 2015

Five Luxury Towers Will Account for One-Third of New Development Sales over the Next Five Years

It's projected that over the next five years, new development sales in Manhattan condos will total $27.6-$33.6+ billion, but this sky-high figure is heavily skewed by prices in just five buildings. These luxury towers will account for one-third of the total projection. Three of the buildings -- 432 Park, 220 Central Park South, and 550 Madison Avenue (the former Sony Building) -- are located on billionaires' row and are expected to bring in a whopping $8 billion. The Greenwich Lane and 10 Madison Square West will also likely bring in close to $1.5 billion each. Along with this boost from the upper end of the market comes a trend where fewer units are selling, but prices are shooting up.
More info and CityRealty's full infographic here

Real Estate Trends

March 2, 2015

Record $150M Sony Building Penthouse Will Also Be the City’s Biggest

By Annie Doge

Those who found themselves gobsmacked when news broke that the Sony building’s penthouse would be priced at $150 million, look out, here’s another jaw-dropping fact headed your way. TRD has reported that not only will the unit be the priciest in history if sold, but when complete, it will also hold the title of the city’s largest. At […]

Distinctive Homes

February 18, 2015

Sony Building Penthouse Will Ask a Record-Breaking $150M

There's a new priciest listing record in town, and it goes to the $150 million triplex penthouse at the Chetrit Group's Sony Building condo conversion, according to The Real Deal. The 21,504-square-foot unit will occupy floors 33 through 35 of the 37-story tower at 550 Madison Avenue and have a private elevator, eight bedrooms, eight bathrooms, and ten powder rooms. If it gets what it's asking for, it will break the record for the current highest condo sale, the $100 million penthouse that sold at One57 last month.
Check out the impressive Sony Tower floorplans here

January 13, 2015

Chetrit Group Plans $1.8B Sellout for 96 Condos in the Sony Tower

Back in June, we learned that the Chetrit Group was planning to partially convert the Philip Johnson-designed Sony Tower at 550 Madison Avenue to high-end condos. And it has now been revealed that the 96 condo units will amount to a jaw-dropping $1.8 billion sellout, according to plans the developer filed with the Attorney General's office. By comparison, the initial total sellout at One57 was $2 billion, and at 432 Park Avenue it was $2.4 billion.
More on the luxury conversion

June 10, 2014

Philip Johnson-Designed Sony Building to Get 96 Luxury Condos by Chetrit Group