Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, plans to consolidate its Austin offices and move its headquarters with more than 600 employees to the Mueller mixed-use project in Northeast Austin.
Texas Mutual is anticipated to move into a four-story building with 270,000 square feet in mid-2018. The building is expected to start construction in the spring of 2017 along Aldrich Street, between Philomena Street and the future Garcia Street. The site is in the Aldrich Street district, home to the Thinkery, Lake Park, multiple apartment communities, an upcoming Alamo Drafthouse Cinema and several new local eateries.
“As we considered new space for our growing team of employees to serve our policyholders, we were looking for a technologically advanced office in central Austin that would support our commitment to health and wellness,” Richard Gergasko, president and CEO of Texas Mutual Insurance Company, said in a written statement. “Mueller, with its many outdoor spaces and other amenities, is the perfect fit.”
Catellus Development, which continues transforming Austin’s former airport site into a mix of housing, shops, offices and other development, will manage the construction of the new building, which will be owned by Texas Mutual. The building will be fully occupied by Texas Mutual, with the exception of about 20,000 square feet of first-floor retail space.
Texas Mutual currently has two Austin offices, the main one at U.S. 290 and Interstate 35, and the other just south of Capital of Texas Highway (Loop 360) and RM 2222.
Texas Mutual provides coverage to 40 percent of the market, representing over 64,000 companies, many of which are small businesses.
Texas Mutual will join Seton Family Healthcare and American Institutes of Research (formerly SEDL) in consolidating their staffs at Mueller. Other major employers at Mueller include Dell Children’s Medical Center, The University of Texas at Austin and H-E-B.
Currently, about 5,000 people work at Mueller. Catellus estimates more than 13,000 people will work at Mueller upon completion.
In addition to two new buildings underway in the Aldrich Street District, three new apartment complexes are under construction at Mueller, along with a new section of homes, more restaurants and a new park that is nearing completion.