Dallas news station WFAA-TV (Channel 8) will move out of its high-profile Victory Park location in January to a new studio and newsroom at its Young Street building downtown.
The Tegna-owned ABC affiliate said it is remodeling existing space on the second floor of its 606 Young St. office, where it’s flanked by the Omni Dallas hotel and the former headquarters of The Dallas Morning News. The renovation, which started in June, has an estimated cost of $850,000, according to a Texas Department of Licensing and Regulation filing.
WFAA has called its streetside studio at Victory Park’s Plaza Towers building home for 14 years.
“WFAA continues to grow and evolve to meet the needs of our community, clients and partners,” said vice president and station manager Carolyn Mungo. “We are excited about these changes and how they will enable us to better serve our audience, but also thank Victory Park for hosting us since 2007.”
The station’s move will likely save money over time as office rents continue to climb in Dallas’ Uptown area, which contains Victory Park.
In the three-month period through September, the monthly office rent rate per square foot in Uptown averaged $46.20, compared to $27.88 in the downtown district, according to commercial real estate firm CBRE Group Inc.
WFAA is listed as the owner of its Young Street office.
Though the exact price of WFAA’s 2007 migration to Victory Park is unknown, former WFAA president and general manager Mike Devlin said at the time that the combination of moving to the new location and introducing high-definition newscasts cost between $5 million and $10 million in total.
News stations around the country have been moving away from the streetside studio trend in recent years to make space for high-tech setups and equipment, broadcast industry trade publication NewscastStudio reported.
WFAA’s Victory Park studio is next to the American Airlines Center, giving it prime exposure on Stars and Mavs game nights to attract passersby for broadcast backgrounds. The studio doesn’t center around windows, however, especially after a 2018 update that added new LED displays, limiting outside views.
The station is one of 12 owned by media company Tegna in Texas. WFAA’s broadcast market consists of nearly 3 million homes, according to Tegna’s most recent annual filings.