Discovery Inc. has officially selected a building in Manhattan’s Flatiron district as its new global headquarters. The company is also expanding facilities and adding jobs in Virginia.
The company will consolidate its several existing New York offices and begin moving into 230 Park Avenue South in fall 2019, with the transition continuing through mid-2020.
“The new Discovery is transforming into a different kind of global media company, and where and how we work is a critical foundation for our future success and growth,” said David Zaslav, president and CEO of Discovery, in a statement. “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. 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.”
Discovery said the new building will include a ground floor studio and production space, a large outdoor rooftop terrace and a dedicated Discovery lobby, among other features.
The announcement comes after Discovery announced plans earlier this year to move its global headquarters from Silver Spring, Maryland. The shift coincides with Discovery’s recently completed $14.6 billion acquisition of Scripps Networks.
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Discovery is also planning a $16 million investment to expand its global technology and operations hub in Loudoun County, Virginia.
According to Loudoun Now, the facility upgrade is expected to create 240 jobs.