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Post Explores Potential Move

Washington Post Publisher Katharine Weymouth announced executives are considering relocating the company from its 63-year-old headquarters in downtown Washington in an email to staff on Feb. 1. The Post building is at 1150 15th Street NW, about four blocks north of the White House.

Weymouth said the goal was “to give us a more modern, bright, open and efficient building that better supports and advances our mission into the future.”

More and more, major U.S. newspapers are leaving or selling older, antiquated buildings. As at the Post, many newspapers have built modern printing plants at suburban locations, so large sections of the older buildings are used little or at all. Staff sizes also have been slashed because of the loss of print advertising.

The Post dismantled its downtown pressroom more than 10 years ago and moved operations to Springfield, Va., and Prince George’s County, Md. In addition, the Post building has been increasing in value with the surge in District commercial real estate prices, and might sell for $80 million.

“Our preliminary analysis suggests that a move will make good operational and economic sense,” Weymouth said. She said the next steps will, “engage the market for our current headquarters, identify sites where we could relocate, design our new space, and develop a realistic timeline for a move.”

The New York Times Co. built a new headquarters in midtown Manhattan in 2007. But the paper soon sold the building and now leases space in it. The Detroit Media Partnership announced that it planned to sell the headquarters of the Free Press and Detroit News last week, and Gannett has leased parts of its headquarters in Tysons Corner, Va. The Philadelphia Inquirer sold its historic headquarters tower in 2011, and the buyer is now planning to install a casino.
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