Charles Schwab celebrates expansion at North Austin campus, plans for growth

0

Financial services firm Charles Schwab & Co. Inc. celebrated Thursday the completion of another phase of growth at its new North Austin campus.

The 50-acre campus is located at 2309 Gracy Farms Lane, Austin, just across the MetroRail tracks from the IBM Broadmoor Campus. The latest expansion features 469,000 square feet of office space in two five-story buildings with an amenities center and parking garage.

This summer, construction will begin on a third office building and second parking structure.

“We’re excited and humbled to be able to expand our presence with a state-of-the-art facility,” said Dennis Howard, Schwab’s executive vice president and chief information officer, in a news release. “We love being a part of the community in Austin. This city offers a tremendous pool of talent that fits our culture of service and our ambition to disrupt our industry. We are always looking for people who are passionate about building a career with meaning and making an impact on people’s lives, and Austin is a great place to find those kinds of talented, purpose-driven people.”

Features of the new campus include walking trails, on-site yoga classes, adjustable sit/stand desks, 275-seat multipurpose auditorium and an artist program.

Later in 2018, the campus will house the company’s new digital accelerator program announced May 3. The accelerator program will focus on accelerating digital solutions the company offers to its retail investors, independent advisers and firms that offer retirement plans.

The program will incorporate creative strategies and teams from different departments—including service, product development, research and user experience—to brainstorm and test new ideas related to a customer’s experience or other business opportunities.

“To expand our capabilities in this space, we are hiring professionals from a variety of relevant backgrounds—from big, established brands to start-ups,” said Neesha Hathi, Schwab’s executive vice president and chief digital officer, in a news release. “At Schwab, our work is all about transforming lives through investing. We are looking for people who want to work for a company where they can have an immediate impact and make a difference in people’s lives.”

Investing in North Austin

The financial services firm first came to Austin in 2000 and has a downtown location as well as one at 12401 Research Blvd. in Northwest Austin.

In 2014, Charles Schwab bought the Gracy Farms campus and renovated the existing IBM Tivoli building. The company received a $4.5 million incentive grant from the state and also received $3 million in tax rebates from Travis County to construct new buildings with eco-friendly standards. The newest building is designed to meet the Leadership in Energy and Environmental Design, or LEED, Gold standards, according to Schwab.

In exchange for the tax rebates with the county, the company agreed to invest $196.7 million locally, maintain 1,683 jobs and create 823 new jobs.

Last year, the company celebrated the opening of the campus with the renovation of the Tivoli building.

The company currently has more than 100 job openings in Austin posted on its website.

Share this story
COMMENT

Comments are closed.

Amy Denney
Amy has been reporting in community journalism since 2007. She worked in the Chicago suburbs for three years before migrating south and joined Community Impact Newspaper in September 2010. Amy has been editor of the Northwest Austin publication since August 2012 and she is also the transportation beat reporter for the Austin area.
Back to top