AUSTIN – Charles Schwab Corp. is poised to break ground on two buildings totaling roughly $86 million in new construction.
The San Francisco-based firm's new corporate campus is being reconfigured out of land and buildings previously owned by IBM Corp.—about 60 acres at 2309 Gracy Farms Ln.
Schwab purchased the property in August 2014, including the 187,000-sf Tivoli Building, which it recently spent about $14.5 million renovating. That building now houses between 800 and 900 technology personnel.
The company will break ground in October on a 185,000-sf building that will be completed by early 2018.
Schwab will also build an 80,000-sf corporate amenity building and invest about $12 million to refurbish and expand a parking garage.
The new campus will be home to as many as 2,200 employees. The development is on track to achieve Gold LEED certification.
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