05/06/2014 08:36 am ET Updated May 06, 2014

ABC News Is Naming Its Headquarters After Barbara Walters

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ABC News is going all out to honor Barbara Walters as her retirement approaches.

Walters is set to exit "The View" on May 16, and the network is naming its building at 47 W. 66th Street after the legendary broadcaster. TV Newser reported that the dedication ceremony will take place on Monday.

There have already been other tributes to Walters, who announced her impending retirement last year. New York City mayor Bill de Blasio has declared May 16 "Barbara Walters Day," and all the former and present hosts of "The View" will reunite next Thursday for a farewell special.

The building houses ABC's news operations, and Walters will continue to have an office there, according to TV Newser.