American Bible Society Moving Headquarters from New York to Philadelphia

The American Bible Society will sell its 12-story building on Broadway, vacating prime real estate in the heart of Manhattan that served as a host of evangelical ministries. (Photo courtesy of American Bible Society)
The American Bible Society will sell its 12-story building on Broadway, vacating prime real estate in the heart of Manhattan that served as a host of evangelical ministries. (Photo courtesy of American Bible Society)

The American Bible Society will give up its tony Broadway address for one in Philadelphia’s historic district.

The society, which has had its headquarters in New York City for 199 years and has operations all over the world, will relocate to 401 Market St., steps from Independence Mall.

Mayor Nutter will announce the nonprofit’s move, which will bring more than 200 jobs to the city, at a news conference Wednesday.

The society’s primary mission is to engage more people with the Bible. It also is responsible for a worldwide Christian ministry and has a goal of translating the Bible into every language. So far, it has produced from 750 to 1,000 translations, and it plans to translate into an additional 1,800 of the world’s 7,000 languages.

In an interview Tuesday, American Bible Society CEO Roy Peterson said that while it was a “real heart-wrenching decision to leave New York,” it was the right decision for his staff.

Living in New York on a nonprofit salary is tough, he said.

“People can afford to live here [in Philadelphia], it’s walkable, there’s public transportation,” Peterson said. “Our staff commutes an hour or two . . . from Long Island, the Bronx.”

The ministry offices will lease nearly 100,000 square feet on the eighth and ninth floors of the Market Street building, which is mostly occupied by Wells Fargo. The lease is for 25 years with a 25-year renewal option, Peterson said.

The society has also proposed creating a Bible Discovery Center on the first floor, as well as a conference center, rare Scriptures depository, and library in the building’s concourse level.

“Our new Philadelphia headquarters will become the launching pad for Bible ministry in the U.S. and around the world,” Peterson said in a statement.

SOURCE: Philly.com‎
Claudia Vargas, cvargas@phillynews.com

Leave a Reply

Your email address will not be published. Required fields are marked *