Discovery To Move HQ To Gramercy: Report

GRAMERCY, NY — The cable TV giant Discovery will open its new headquarters on Park Avenue South in Gramercy, the New York Post reported.

Discovery will open its new NYC headquarters at 230 Park Ave. South, anonymous sources confirmed to the Post. The company announced in January that it would move from its longtime headquarters in Silver Spring, Md. to New York City.

"To compete, survive and grow, Discovery must continue to change as well," Discovery CEO David Zaslav said in January. "At the center of our new blueprint is New York. New York always has been home to the global media industry."

The company is expected to move to Manhattan in the second half of 2019.

Discovery's new headquarters will also include networks like HGTV and the Food Network Inc. following it's $12 billion acquisition of Scripps Networks this year.

The Post reported that Discovery will occupy 250,000 square feet at the Gramercy building after ruling out other options in Hudson Yards and Koreatown. No lease has been signed yet, according to the Post.

"It’s in the same ballpark as at the other buildings they looked at," an anonymous insider told the Post. "The decision wasn’t about rent — they just really wanted to be on Park Avenue South which is teeming with creative and entertainment companies."

You can read the Post's report here.

Image credit: Alberto E. Rodriguez/Getty Images for Discovery Communications. Image caption: President and CEO Discovery Communications David Zaslav speaks onstage at Discovery Communications TCA Winter 2015 at The Langham Huntington Hotel and Spa on January 8, 2015 in Pasadena, California.