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

Charles Schwabu2019s Building 2 at the companyu2019s new Gracy Farms campus

Charles Schwabu2019s Building 2 at the companyu2019s new Gracy Farms campus

Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus
Image description
Charles Schwab North Austin campus


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
By 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.


MOST RECENT

Pflugerville ISD administration building
DATA: See which Pflugerville ISD schools gained—and lost—the most students with new enrollment zone changes

Pflugerville ISD's two easternmost campuses, Mott Elementary School and Cele Middle School, are projected to gain the most relief from overcrowding due to new enrollment zone changes.

The PfISD Board of Trustees voted Feb. 20 to change enrollment boundaries or program offerings in the 2020-21 school year for eight schools. (Iain Oldman/Community Impact Newspaper)
Looking to get ahead of crowded schools east of SH 130, Pflugerville ISD shifts enrollment boundaries

The PfISD Board of Trustees voted Feb. 20 to change enrollment boundaries or program offerings in the 2020-21 school year for eight schools.

The Round Rock ISD school calendar for 2021-22 includes the districtwide holiday of Martin Luther King Jr. Day on Jan. 17. (Courtesy Fotolia)
2021-22 academic calendar approved for Round Rock ISD

The district’s first day of school is scheduled for Aug. 18, 2021, and the 2021-22 school year will conclude May 26, 2022.

JUST IN: Round Rock ISD board officially creates a district police department

Following nearly three years of discussion and community input, the Round Rock ISD board of trustees officially authorized the formation of a district police department on Feb. 20.

Elsa England Elementary School is one of six Round Rock ISD campuses that will be affected by boundary changes beginning this fall. (Taylor Jackson Buchanan/Community Impact Newspaper)
New attendance boundaries approved for 6 Round Rock ISD schools

Beginning in the 2020-21 academic year, the changes will affect five elementary schools—Caraway, Elsa England, Herrington, Joe Lee Johnson and Teravista—and one middle school, C.D. Fulkes.

State Sen. Kirk Watson announced his resignation from state government Feb. 18. A number of local politicians have expressed interest in the seat.
Who is interested in Kirk Watson’s Senate seat? Here is where local members of the state House stand

State Reps. Gina Hinojosa and Eddie Rodriguez say they are "seriously considering" a run for the District 14 seat.

Austin ISD Superintendent Paul Cruz addresses the media on Feb. 20 after announcing plans to resign.
Outgoing Superintendent Paul Cruz says 'work will continue' in Austin ISD as transition plan is developed

A timeline for Cruz's departure has not yet been established by Austin ISD.

Austin taps downtown homeless shelter operator to expand permanent supportive housing program

Experts hold up permanent supportive housing as crucial to ending chronic homelessness.

Fight over sales market data means Travis County home appraisals will not change this year, area schools may suffer

Travis Central Appraisal District will not appraise residential properties this year following a cease-and-desist order from the Austin Board of Realtors prohibiting use of its sales price data.

Austin ISD Superintendent Paul Cruz announced his resignation on Feb. 19. (Nicholas Cicale/Community Impact Newspaper)
Paul Cruz to resign as Austin ISD superintendent to take job with University of Texas

Austin ISD Superintendent Paul Cruz will resign and accepted a position with the University of Texas.

Northwest Austin neighborhood
Data: Housing inventory remains thin in Northwest Austin

For the fourth month in a row, less than one month of inventory is available across the Northwest Austin market.

Back to top