US-based brokerage and banking company Charles Schwab is set to construct a new regional campus in Westlake, Texas.
The new $100M campus will feature more than 47,000sq m of commercial office space.
The complex will be part of a large mixed-use development project — developed in coordination with Hillwood Properties — with Schwab’s campus being developed on 70 acres of land.
Schwab’s executive vice president Dennis Howard said: “We’re excited to have this opportunity to expand our presence in Texas, and we’ll be ramping up our recruiting efforts from among the great wealth of employee talent in and around Westlake.
“Like Austin, where we already have approximately 1,500 employees, and El Paso where we are building our presence, the Dallas/Fort Worth area is an important location for Schwab to better serve our clients. We look forward to significantly expanding our footprint there over the coming years.”
The company is expected to create more than 1,200 new jobs over the next 10 years at the proposed campus. Construction work is expected to commence in 2017.
* Data provided by Timetric's Construction Intelligence Center.