USAA’s technology sector migration to downtown has officially started.

The insurance and financial services giant moved 270 of the planned 650 employees in technology-related jobs to One Riverwalk Place on Monday, bolstering San Antonio’s already booming tech corridor in the first of two USAA tech relocations scheduled for this year.

USAA purchased One Riverwalk Place in 2013, and in 2015 relocated 200 USAA employees working in the areas of corporate responsibility and marketing from its main campus on the Northwest side.

A year ago, USAA Real Estate Company purchased the former Bank of America Plaza building across the street from One Riverwalk Place. Now known as 300 Convent, four floors of the 28-story building are being renovated to accommodate another 380 USAA employees slated to move downtown from the University Park Tech Center by the end of this year.

In December, City Council unanimously approved a $6-million incentive package that will lead USAA to move up to 2,000 employees downtown during the next five years and create additional center city parking for its employees and the public.

“The goal is to complete the expansion by mid-2019,” stated spokesman Matthew Hartwig. “When complete, the garage will include more than 500 parking spaces and be available to the public after hours on weekdays and all day on weekends and holidays.”

USAA employs 19,000 people in San Antonio, more than half of its total worldwide workforce of 32,000. Earlier this summer, Great Place to Work and FORTUNE named USAA the No. 40 Best Workplaces for Millennials today, up from No. 50 last year.

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Shari Biediger

Shari Biediger is the development beat reporter for the San Antonio Report.