The Olayan Group purchased it in 2016 to rework the single-tenant tower into a multi-tenant, mixed-use office building that prioritizes occupant wellness and environmental sustainability. The health and wellness center offers spa services and nutritional support, with spaces for meditation, yoga, acupuncture, and massage. The Olayan Group550 Madison Avenue has achieved WELL Gold and LEED Platinum certifications. The Olayan Group550 Madison has received numerous accolades for its design, sustainability, and community impact. Recognized by the New York Landmarks Conservancy with its Chairman’s Award in 2021, the Manhattan high-rise also received the Skyscraper Museum’s 2022 Making New York History Award.