Search
 

Discovery Adds Third Building to Expansion Plans

SILVER SPRING, MD-Town's revitalization gathers momentum as media commits to 300,000 sf more to keep up with expansion.

By Mike Cleary | Updated on August 10, 2000

Discovery Communications Inc. is adding a third building to its already massive plans for a new headquarters campus in downtown Silver Spring, MD. The media company will lease a five-story, 300,000-sf structure to be erected on the site of the Montgomery County Post Office on Eastern Avenue.

“With dramatic growth across our multiple business units, we are taking the necessary steps to build the foundation for future expansion,” says Judith A. McHale, Discovery’s president and chief operating officer. With its new headquarters and a state-of-the-art facility for Discovery.com, the company’s investment in relocating to Silver Spring from Bethesda will exceed $200 million.

The one-million-sf project is the heart of a revitalization effort for the town that spurred a joint venture between Peterson Cos. and Foulger-Pratt to start early on a $321 million town center that includes offices, shops, restaurants and theaters. Together the two projects will add about two million sf of commercial space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.