The Olympic Tower 's interior public plaza has reopened in New York City , after a $ 30 m refit . Built in 1967 , the tower was the first mixed - use building on Fifth Avenue . The café activates the updated space and creates an environment to socialize, work or relax. It was acquired by Boston Properties Group in 2015 , with the aim of redeveloping it as a top Midtown Manhattan destination . Olympic Tower is currently home to the headquarters of the National Basketball Association , MSD Capital and Richemont North America . The redeveloped public plaza features sculptural pieces by artist Liam Gillick , a cafe concept , and Circadian - relevant lighting system .
The Olympic Tower 's interior public plaza has reopened in New York City , after a $ 30 m refit . Built in 1967 , the tower was the first mixed - use building on Fifth Avenue . It was acquired by Boston Properties Group in 2015 , with the aim of redeveloping it as a top Midtown Manhattan destination . Olympic Tower is currently home to the headquarters of the National Basketball Association , MSD Capital and Richemont North America . The redeveloped public plaza features sculptural pieces by artist Liam Gillick , a cafe concept , and Circadian - relevant lighting system .