This morning, Charles Schwab & Co., Inc., is celebrating construction
progress at its new Austin campus at 2309 Gracy Farms Lane. Texas
Governor Greg Abbott and Austin Mayor Steve Adler are among the
officials joining Schwab executives in signing the beam that will then
be hoisted by crane to the top of the site’s second office building,
currently under construction. The “topping out” ceremony celebrates
Schwab’s growth in Austin, and in the state of Texas as a whole. Over
the past two and a half years, Schwab has brought roughly 600 jobs to
Austin alone.
A total of approximately 1,000 of Schwab’s Austin employees, currently
at an existing facility at Research Park, will move into the
469,000-square-foot, 50-acre Gracy Farms campus by June 2018, once the
new campus is fully completed, joining the 600 employees who moved on
site in the spring of 2016. Upon completion, the campus will include two
five-story office buildings (one of which is the fully renovated former
Tivoli building), an amenity building containing a café and large
assembly space/training center, and a parking garage.
Located in a highly visible, desirable location close to the Domain, a
popular shopping area with restaurants, boutiques and other amenities,
the Gracy Farms campus is easily accessible from all points within the
Austin metropolitan area.
As with other Schwab developments, the new Austin campus was designed to
create a sustainable, visually appealing and strong identity within the
community. The site and buildings will all incorporate sustainable
materials and systems, targeting LEED (Leadership in Energy and
Environmental Design) Gold certification.
“Our corporate real estate team continues to deliver world-class results
in building campuses that reflect our employees’ spirit of teamwork,
collaboration and passion for their work. But above all, they are simply
great places to work,” said Dennis Howard, Executive Vice President and
Chief Information Officer for Schwab. “This is a first-rate location for
us in Austin, and we’re very much looking forward to deepening our roots
here.”
Senior Principal Larry Speck of the architectural firm Page said, “The
project is an architectural reflection of what makes Schwab unique: its
heritage of dependability, innovation and forward thinking. Starting
with an innately beautiful and memorable site, the campus’ design
elements will incorporate consciousness of climate, topography,
vegetation, views and local materials to help merge buildings and
landscape into a continuous indoor/outdoor experience.”
History of Schwab in Texas
While San Francisco remains Schwab’s corporate headquarters, Austin is
one of ten geographically important employment centers for the company.
Three of these centers are in Texas. Schwab has approximately 16,000
employees nationwide, of whom approximately 2,100 are in the Lone Star
State. The company’s major employment centers, ranked by size (largest
to smallest), are Phoenix, Denver, Austin, San Francisco, Orlando,
Indianapolis, Richfield (Ohio), Chicago, El Paso and Dallas (Schwab’s
newest growth market). In addition, Schwab has more than 325 retail
branch offices across the United States, and also provides 24/7 phone
service via live representatives 365 days a year.
Schwab has been in Texas since 1977 when the company opened its first
Texas branch office in Dallas. The state now has 22 Schwab branch
offices, two of which are in Austin. The company opened its service
center in Austin in 2000. Local Austin employees now work across a wide
range of business functions, including Schwab Technology Services,
Schwab Investor Services, Schwab Advisor Services, Retirement Plan
Services, marketing, human resources, and legal and compliance.
Schwab has been named a Top Workplace in Austin by the Austin
American-Statesman since 2013, and was recently named one of the
Best Companies to Work for in Texas by Texas Monthly magazine.
Nationally, Schwab has been recognized as a Best Place to Work for LGBT
equality (100 percent rating on the Human Rights Campaign’s Corporate
Equality Index since 2004) and as one of the FORTUNE “World's Most
Admired Companies®” 2016. For five consecutive years, Schwab
has received the Gallup Great Workplace Award. For information about
careers at Schwab, visit www.aboutschwab.com/careers.
Quick Facts about the New Schwab Campus at Gracy Farms
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Location:
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2309 Gracy Farms Lane, Austin, Texas
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Size:
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469,000 square feet of office space on a 50-acre site
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Buildings:
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Renovated existing 5-story office building (former Tivoli Building)
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5-story office building -- new construction
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Amenity building, which includes a café and training center
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Parking garage
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Completion:
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February 2018
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Contractor
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DPR Construction
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Architect
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Page
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About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 335 offices and 10.3 million active
brokerage accounts, 1.5 million corporate retirement plan participants,
1.1 million banking accounts, and $2.90 trillion in client assets as of
February 28, 2017. Through its operating subsidiaries, the company
provides a full range of wealth management, securities brokerage,
banking, money management, custody, and financial advisory services to
individual investors and independent investment advisors. Its
broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com and www.aboutschwab.com.
FORTUNE and The World's Most Admired Companies are registered trademarks
of Time Inc. and are used under license. FORTUNE and Time Inc. are not
affiliated with, and do not endorse products or services of Charles
Schwab & Co., Inc.
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