In 2016, the Saudi conglomerate Olayan Group paid $1.4 billion to accumulate the previous Sony Tower in midtown Manhattan and switch it right into a state-of-the-art office. The renovated constructing received’t be full till subsequent 12 months, however the foyer has already welcomed its first tenant: a staggering 24-ton sculpture product of a really uncommon Brazilian stone and suspended simply 12 toes above the bottom.
Dubbed Stable Sky, the sculpture was created by Alicja Kwade, a Polish German artist who has develop into recognized for sculptures that defy the legal guidelines of physics, like her widespread rooftop commission for the Met in 2019. The sculpture joins an array of different art-studded lobbies in Manhattan—like Jeff Koons’s crimson Balloon Rabbit at 51 Astor Place, or James Turrell’s Mild Field at 505 Fifth Avenue. Normally the artwork is chosen by the tenants, not the builders. However in this case, it was Olayan that commissioned the sculpture nicely earlier than any tenants have been authorised.
This represents the most recent uncommon try and lure tenants again into the office amid the upheaval of COVID-19. Builders and landlords are already pulling out all the stops. The previous Condé Nast constructing in Instances Sq. has a personal balcony overlooking the Empire State Constructing and a cafeteria designed by starchitect Frank Gehry. One Vanderbilt in midtown Manhattan has a four-story observation deck extravaganza.
Kwade’s suspended sculpture at 555 Madison is a decidedly much less typical amenity. However isn’t the primary piece of artwork to reside contained in the constructing. Within the early Eighties, when AT&T moved its headquarters to this handle, the corporate introduced together with it the Golden Boy, a 24-foot-tall statue that had lengthy been a logo of the corporate. Then Sony took over the constructing in the ’90s, and a stunning pair of summary murals depicting power fields settled in the constructing’s higher foyer. (The constructing itself has a wealthy design historical past: Designed in 1984 by famed architect Philip Johnson, it’s an icon of postmodernism and the youngest constructing to be acknowledged as a landmark in New York Metropolis.)
Solid Sky consists of a solid piece of Azul do Macaubas cradled in stainless steel chains and hanging from a 70-foot-tall ceiling. With its natural blue hue, it resembles planet Earth hanging in the balance. “Its grandeur feels religious in the scale of it all,” says Erik Horvat, the managing director of real estate at Olayan.
For Horvat, the nature of the stone and its likeness to our planet encapsulates a feeling of unity. The message, however, is clear: This is a place of luxury and refinement for discerning tenants only. For the first time in its history, the building will be home to more than one tenant. (In September, just 45% of the building was leased.) According to Stephen McCoubrey, an art consultant who co-curated and managed UBS’s art collection for 10 years, a striking sculpture like Solid Sky could lure more tenants to the building.
Builders typically fee artwork in the general public realm surrounding the constructing, which supplies them tax breaks, however McCoubrey says it’s uncommon for them to fee artwork inside. Artwork is in the attention of the beholder, and corporations from UBS to Microsoft have artwork collections and curation programs already in place. So when a developer steps in and commissions a 24-ton sculpture hanging from the ceiling earlier than a single tenant has even moved in, the transfer carries threat. “If it was only a marble foyer, nobody would take towards it, however nobody can be excited by it both,” McCoubrey says.
Horvat refused to reveal the price of the sculpture, however McCoubrey guesses it’s probably in the lots of of hundreds of {dollars}. And in 2021, costly artwork could be one other line merchandise for builders desirous to fill their buildings with tenants once more. The constructing’s renovation has been reported to value $300 million. The brand new foyer has marble partitions and terrazzo flooring impressed by a sample in the Pantheon. “The cash spent on finishes is staggering,” says McCoubrey. “[The art] is gilding the lily of an already lovely house.”
