Charles Schwab Corp. looking at Lone Tree
Though city and company officials aren’t ready to publicly announce it, word slipped out during a Nov. 8 meeting that financial-services firm Charles Schwab Corp. likely will develop a corporate campus in Lone Tree’s RidgeGate development.
The 57-acre property is just south of Lincoln Avenue near its intersection with Park Meadows Drive, and would consolidate Schwab’s three Denver-area offices into one.
Talk of the Lone Tree campus emerged during a Colorado Economic Development Commission meeting.
“We’re pretty far along in our negotiations for a particular site,” Schwab spokeswoman Sarah Bulgatz confirmed. “Lone Tree is one of the areas we’ve explored.”
Schwab’s offices in downtown Denver, Cherry Creek and the Centennial area together employ about 2,100 people.
“The ability to consolidate our facilities into one campus would be a real benefit to our existing employees,” Bulgatz said. “We simply want the flexibility to better control our real estate destiny.”
The city’s paved the way for such a project. In September, the council re-platted 57 acres “expected to be developed in association with a corporate campus user,” according to city documents.
Deputy city manager Seth Hoffman acknowledged Schwab is pondering a site, but would say little more than that.
“We’re aware they’re considering a Lone Tree location and are excited about that possibility,” he said. “But we always wait for the businesses to make their own announcements.”
Schwab is headquartered in San Francisco, but has more than 300 branch offices in 45 states, London and Puerto Rico. The company employs more than 13,000 people and is ranked No. 485 on the 2012 Fortune 500.