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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Guess how much USAA is investing in its downtown expansion

USAA

USAA to start expansion work on the downtown location, and adding jobs.

Come first quarter 2017, USAA will be adding an additional 100 employees to its current footprint in its One Riverwalk Place tower in downtown San Antonio, signaling a hefty investment in both the company-owned property as well as the city’s central business district.

Finish-out work on the 19th floor of the building at 700 N St. Mary’s St. will begin later this year, and according to information pulled from a construction permit filed with the city of San Antonio and a filing submitted to the Texas Department of Licensing and Registration, the job is expected to run an estimated $3.55 million.

USAA is making another hefty investment in downtown San Antonio with its plans to renovate the top floor of One Riverwalk Place. Alamo Architects has been brought on to help redesign the space — technically located on the 18th floor due to the absence of a labeled 13th floor in the building — which spans approximately 15,000 square feet.

Once completed, the company will have employees on four of the Class A building’s 18 floors.

USAA’s real estate arm USAA Real Estate Co. closed on the 261,633-square-foot building nearly three years ago. Back in May of this year, the company announced it would be expanding its presence in the building — which currently has 150 employees — up to 250 employees.

Click here to read the full story: Guess how much USAA is investing in its downtown expansion San Antonio Business Journal (8-3-2016)

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