Luxury automaker McLaren coming to Midtown NYC, helping complete remarkable rebirth of landmark tower: sources
Luxury automaker McLaren is reportedly close to leasing retail space at 550 Madison Ave. in Midtown NYC for a new showroom. This move would mark the completion of a significant redevelopment of the landmark tower, which has seen nearly full occupancy in its office spaces. The building's transformation has included extensive renovations and the addition of high-profile tenants.
- ▪McLaren Automotive is negotiating to lease space for a showroom at 550 Madison Ave.
- ▪The landmark tower has undergone a $300 million redesign and is nearly fully occupied.
- ▪Olayan America purchased the property in 2016 and has revitalized its retail and office spaces.
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Steve Cuozzo Business exclusive realty check Luxury automaker McLaren coming to Midtown NYC, helping complete remarkable rebirth of landmark tower: sources By Steve Cuozzo Published May 26, 2026, 3:47 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Midtown’s most remarkable landmark-tower rebirth is racing to the finish line. Luxury sports car manufacturer McLaren automotive is close to leasing 550 Madison Ave.’s remaining retail space for a spectacular showroom, multiple sources told The Post. A dome of silence shrouds the advanced negotiations, with brokers and reps either declining to comment or failing to respond to calls and emails.
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