Telemundo to Build New $250 Million Miami Headquarters

It’s good to have that Comcast money

Telemundo is moving to a new headquarters within Florida’s Miami-Dade County — and in a very big way.

The new 450,000 sq. ft. facility will exist on approximately 21 acres at NW 25th Street and the Florida Turnpike. NBCUniversal and parent company Comcast is set to invest more than $250 million in the construction of the division’s new global headquarters, which will initially house 1,100 employees and contain the capacity for 200 more.

The headquarters will bring all of the division’s offices, broadcast and production operations under one roof, including the Telemundo Network, Telemundo Studios and Telemundo International, as well as its cable network NBC Universo and its digital media operations.

“This is a very important step in the evolution of our company at a time when we’re enjoying tremendous momentum and have just wrapped a record-breaking year,” Cesar Conde, chairman of NBCUniversal Telemundo Enterprises and NBCUniversal International Group, said. “Our new global headquarters will fold all of our division’s offices and production studio spaces into one state-of-the-art facility that will help us do business in a more collaborative way. This significant investment clearly underscores once again NBCUniversal’s and Comcast’s long term commitment to our business and the U.S. Hispanic market.”

“I am excited to announce that NBCUniversal Telemundo Enterprises has chosen Miami as the best location to build their new global headquarters and create 150 new Florida jobs,” Governor Rick Scott said. “By cutting $1 billion in taxes and creating the new $250 million Florida Enterprise Fund this year, we will make Florida more competitive so companies like Telemundo will continue to grow and create jobs for our families.”

“Our investment in this technologically advanced building is the latest example of our enthusiasm for NBCUniversal Telemundo Enterprises, its bright future, and our strong commitment to Florida,” David L. Cohen, senior executive vice president and chief diversity officer, Comcast Corporation, added. “As the country’s largest provider of Spanish-language programming, we are excited about the development of this new headquarters and the opportunities it will provide as we further build on our strong commitment to the Hispanic community nationwide.”

The new energy efficient headquarters will create approximately 3,000 construction-related jobs and generate an estimated $400 million in sales for Florida businesses, Telemundo stated. The new headquarters will have prime Florida Turnpike visibility and offer direct access to the city’s major thoroughfares.

The new building marks the largest investment ever in a state-of-the-art multimedia production and broadcast facility in South Florida.

Sundance 2016: The Scene at TheWrap's Industry Panel (Photos)

Partners

Featured