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| University to open satellite campus at former Discovery building in Silver Spring | University to open satellite campus at former Discovery building in Silver Spring |
| (about 1 hour later) | |
| A Puerto Rico-based university has signed a lease for a satellite campus at the former Discovery building in downtown Silver Spring, the Montgomery County Economic Development Corporation announced this week. | A Puerto Rico-based university has signed a lease for a satellite campus at the former Discovery building in downtown Silver Spring, the Montgomery County Economic Development Corporation announced this week. |
| Ana G. Méndez University, headquartered in San Juan, has operated a satellite campus in Wheaton since 2012, serving approximately 340 students. | Ana G. Méndez University, headquartered in San Juan, has operated a satellite campus in Wheaton since 2012, serving approximately 340 students. |
| In May, it will relocate that campus to a 28,500-square-foot space in the Silver Spring building, which was renamed Inventa Towers after the departure of Discovery Communications last year. | In May, it will relocate that campus to a 28,500-square-foot space in the Silver Spring building, which was renamed Inventa Towers after the departure of Discovery Communications last year. |
| The university plans to expand its staff from 26 to 38 employees, a news release from the county said. | The university plans to expand its staff from 26 to 38 employees, a news release from the county said. |
| Discovery Communications, the multibillion-dollar company behind programming such as Shark Week and the popular cable channels TLC and Animal Planet, was a driver of Montgomery’s economic revival in the 1990s, employing thousands in its headquarters at the intersection of Georgia Avenue and Colesville Road. | Discovery Communications, the multibillion-dollar company behind programming such as Shark Week and the popular cable channels TLC and Animal Planet, was a driver of Montgomery’s economic revival in the 1990s, employing thousands in its headquarters at the intersection of Georgia Avenue and Colesville Road. |
| Its relocation to New York was a “shot across the bow” for the region, Bob Buchanan, who was chairman of the county’s Economic Development Corporation, said at the time. | |
| The county has been working with the building’s new owners, Foulger-Pratt and Cerberus Capital Management, to find tenants. In May, the D.C.-based Children’s National Health System became the first new occupant, signing a 15-year lease for 140,000 square feet of space. | The county has been working with the building’s new owners, Foulger-Pratt and Cerberus Capital Management, to find tenants. In May, the D.C.-based Children’s National Health System became the first new occupant, signing a 15-year lease for 140,000 square feet of space. |
| The deal with Ana G. Méndez University comes as Montgomery County Council President Sidney Katz (D-District 3) and County Executive Marc Elrich (D) work on an ambitious plan to boost economic development in the county. | The deal with Ana G. Méndez University comes as Montgomery County Council President Sidney Katz (D-District 3) and County Executive Marc Elrich (D) work on an ambitious plan to boost economic development in the county. |
| The two leaders spent the last few months of 2019 going on a “listening tour” to gather feedback and ideas from constituents, Katz said in an interview. They plan to unveil details of new initiatives and policies in January. | The two leaders spent the last few months of 2019 going on a “listening tour” to gather feedback and ideas from constituents, Katz said in an interview. They plan to unveil details of new initiatives and policies in January. |
| Discovery’s departure is ‘shot across the bow’ for Silver Spring, state and region | Discovery’s departure is ‘shot across the bow’ for Silver Spring, state and region |
| Discovery Communications is selling Md. headquarters and moving to New York | Discovery Communications is selling Md. headquarters and moving to New York |
| Thanks for everything, Discovery, but we’ll be fine | Thanks for everything, Discovery, but we’ll be fine |
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