550 Madison Ave.<\/a>\u2019s remaining retail space for a spectacular showroom, multiple sources told The Post.<\/p>\nA dome of silence shrouds the advanced negotiations, with brokers and reps either declining to comment or failing to respond to calls and emails.<\/p>\n
Luxury sports car manufacturer McLaren automotive is close to leasing 550 Madison Ave.\u2019s remaining retail space for a spectacular showroom, sources said. UCG\/Universal Images Group via Getty Images<\/p>\n
But if the deal with landlord Olayan America is struck, it would complete the \u201cChippendale\u201d-top \u00a0tower\u2019s stunning comeback story. The 750,000-square-foot landmark\u2019s office space is nearly 100% filled with premier tenants including Chubb, Aquarian Group, private equity firm Clayton Dubilier & Rice, and Hermes. Rents are above $200 per square foot for some floors.<\/p>\n
The only empty space is on the ground floor retail corner at the south end, which has a temporary Museum of the City of New York exhibition.<\/p>\n
The 15,000-square-foot, north-end retail space is home to Simon Kim\u2019s just-opened, three-level hospitality complex including Korean steakhouse Cote, Bar Chimera and a soon-to-come omakase eatery from three Michelin-star chef Masahiro Yoshitake.<\/p>\n
Olayan bought the pink granite property, former home of AT&T and later of Sony, for $1.4 billion in 2016 and launched a $300 million partial redesign under the watchful eye of the Landmarks Preservation Commission. Previous owners had abandoned a hotel and residential conversion plan, leaving Olayan with a vacant, 42-story tower in the heart of Manhattan\u2019s most prestigious\u00a0 district.<\/p>\n
The 750,000-square-foot landmark\u2019s office space is nearly 100% filled with premier tenants including Chubb, Aquarian Group, private equity firm Clayton Dubilier & Rice, and Hermes. Annie Wermiel\/NY Post<\/p>\n
Olayan comprehensively re-tooled the lobby and office floors for 21st-century use and enlarged the retail-level windows. It also widened the little-used pedestrian arcade between East 55th and East 56th streets and re-invented it as a lavishly landscaped oasis with three food kiosks under a new, 70-foot-high glass canopy.<\/p>\n
McLaren Automotive is the road-car subsidiary of McLaren Group, a venerable British racing organization with a legacy of Formula 1 and Grand Prix triumphs in Europe. It was founded by champion driver Bruce McLaren \u2013 who led the McLaren racing team, a predecessor to McLaren Group \u2013 before he died at age 32 in a\u00a0 driving accident.<\/p>\n
McLaren Automotive is the road-car subsidiary of McLaren Group, a venerable British racing organization with a legacy of Formula 1 and Grand Prix triumphs in Europe. Getty Images<\/p>\n
McLaren would be the latest marquee-name automaker to launch a Midtown showroom, following Aston Martin and Ferrari<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Midtown\u2019s most remarkable landmark-tower rebirth is racing to the finish line. Luxury sports car manufacturer McLaren automotive is…\n","protected":false},"author":2,"featured_media":244469,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[288,8141,2361,2364,12185,9,56,63,65,64,1491,3274],"class_list":["post-244468","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-business","tag-cars","tag-leases","tag-luxury","tag-madison-avenue","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-real-estate","tag-realty-check"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/244468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=244468"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/244468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/244469"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=244468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=244468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=244468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}