The Miami Herald Media Company said Thursday that it will be moving to the Doral building that once housed the U.S. Southern Command, The Miami Herald reported.
The move will happen in May 2013 when the Herald can no longer use the current downtown Miami location rent-free, according to the newspaper.
The new Doral location, on 3511 NE 91st Ave., will be leased for 15 years.
The company plans to build a printing plant in April next to the newly purchased property. The land will include three generators that could run some of the newspaper’s operations if needed, the Herald said.
David Landsberg, president and publisher of The Miami Herald, thanked the newspaper’s owner for the move.
"McClatchy fully believes in us and they obviously understand the opportunity that exists in this marketplace,” Landsberg was quoted as saying. “Let’s thank McClatchy for the investment and faith they have shown in us.”
The McClatchy Company
sold the Herald’s downtown location to the Genting Group
in May for $236 million. Despite recent anti-casino sentiment in South Florida, the group plans to build a $3.8 billion destination casino resort.
Local real estate brokers told the Herald that office space in downtown Miami is as much as 20 percent higher than space in Doral.
“As much as it’s the Miami Herald, I think it comes down to costs and logistics,” Jonathan Kingsley, senior vice president, told the newspaper.
The terms of the purchase will be announced next week, according to Pat Talamantes, McClatchy’s vice president and chief financial officer.
Miami Herald Executive Editor Aminda Marques Gonzalez said that the new building will help the newspaper keep up with the changing times.
“We’ll be able to build a modern newsroom around a central hub that truly integrates our multimedia operations, including our print, website, radio, video, mobile news and tablet platforms,” Marques Gonzalez was quoted as saying. “We’ve been visiting and studying other newsrooms to incorporate the best ideas around the country into our new space.”