RXR Realty has joined the local arm of Saudi Arabia’s Olayan Group on its $300 million repositioning of 550 Madison Avenue. RXR invested an undisclosed sum to become a minority partner on the redevelopment of the 37-story, 850,000-square-foot Midtown office tower, Crain’s reported. RXR chairman and CEO Scott Rechler said his firm could oversee the redevelopment work and help boost the planned upgrades. “There are some things we have thought about shifting and tweaking in […]
source https://therealdeal.com/2018/04/05/rxr-joins-olayan-on-550-madisons-300m-redevelopment/
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