Discovery Selects Building for New York City Headquarters
The company plans to move headquarters from Silver Spring to the Flatiron District in fall 2019
230 Park Avenue South in New York City
Discovery Inc. announced Thursday it has selected a building at 230 Park Ave. South in New York City’s Flatiron District as the home of its new global headquarters.
The company plans to consolidate a number of its existing New York offices in the building and the headquarters is expected to open in fall 2019 following a renovation, according to a press release.
The move comes after Discovery announced in January it would relocate its global headquarters from Silver Spring to New York City. The media conglomerate is trying to sell its longtime downtown Silver Spring building on Colesville Road.
“We are energized by our fantastic new home in New York—the media capital of the world—where we will write our company’s next chapter,” David Zaslav, CEO and president of Discovery, said in a statement. “We look forward to bringing our world-class employees together in a creative and collaborative workspace in one of Manhattan’s most vibrant and dynamic neighborhoods.”
The company has based its national operations headquarters in Knoxville, Tennessee—at the former headquarters of Scripps Networks Interactive, which Discovery bought in March.
The press release did not say whether the approximately 1,300 employees based in Maryland would be moved to New York or Tennessee.
Virginia Governor Ralph Northam also announced Thursday that Discovery plans to add 240 jobs at its technology and operations hub in Loudoun County. Northam’s announcement noted the state “successfully competed against Maryland and New York for the project.”
“Northern Virginia is a magnet for technology talent, and we are confident Discovery will continue to benefit from a world-class workforce pipeline in its next phase of growth,” Northam said in a statement.
Zaslav added in a statement that “Virginia’s strong technology infrastructure, workforce and attractive business climate provide the ideal location for our global technology and operations hub.”
The company plans to spend $16 million on the Virginia expansion.