Television

Discovery picks Park Avenue address for new global HQ

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MUMBAI: Discovery Inc. has selected a Park Avenue address for its new global headquarters. The company is also expanding facilities and adding jobs in Virginia. The company has signed a long-term lease with TF Cornerstone to occupy the entire space of 230 Park Ave South. According to GlobeSt.com, the lease for the entire space is for approximately 10 years.

Discovery revealed that it will consolidate its existing New York offices and move its headquarters to 230 Park Avenue South beginning in fall 2019 and continuing through mid-2020.

The new HQ will feature an open floor plan, ground-floor studio and production space, a rooftop terrace, full-service wellness center and dedicated lobby.

Discovery CEO David Zaslav said, ?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.?

The 13-story, TF Cornerstone-owned building dates to 1895. Union Square and Gramercy Park are just steps away. TF plans a renovation of the building as part of the deal.

The company 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.

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