Charter’s growth prompts expansion to a second new Denver office tower – Denver Business Journal

Charter’s growth prompts expansion to a second new Denver office tower – Denver Business Journal

Charter Communications’ growing local presence has been getting more obvious to drivers on Interstate 25, with its Spectrum brand signs visible on not one, but two of the south metro-area’s newest office towers.

The Stamford, Connecticut-based cable TV and broadband giant is expanding this spring to 18 floors of new buildings bracketing I-25 through Greenwood Village as it adds hundreds of jobs in the area.

Charter was known to have leased the newest 12-story tower in the Village Center Station on the west side of I-25, 6360 S. Fiddlers Green Circle. The TV and internet provider is starting to fill the building with its employees in coming weeks.

That building turned out not to be enough.

Charter has also moved employees into offices leased on eight floors of a new, 10-story office tower directly east across I-25, at 6175 S. Willow Dr. A sign for Charter’s Spectrum brand appeared at the top of that office building last month.

"We’ve grown a lot," said Bret Picciolo, a Charter Communications regional spokesman. "It’s impressive."

Charter doesn’t disclose how many employees it has in the metro area.

Two years ago, it completed a three-way merger with Time Warner Cable and Bright House Networks, making it a 17-million-subscriber cable and broadband company with about 90,000 employees nationwide.

Charter Communications Corp. (NASDAQ: CHTR) and Time Warner Cable employed about 2,200 people in Colorado at the time of the merger, hundreds of them concentrated in offices in Greenwood Village, Centennial, Broomfield and in downtown Denver.

The company leased space in the two Greenwood Village office towers primarily to have room for the many employees it’s been hiring, not to consolidate its existing offices, Picciolo said.

"These new buildings predominantly represent growth, and we will remain in the majority of our current locations," he said.

Charter has said it expects to eventually expand by more than 800 jobs in the Colorado, and there’s a chance it could be many more.

Last year, the Colorado Economic Development Commission awarded an unnamed company as much as $34.4 million in state tax rebates over eight years if it added 1,200 jobs with an average wage of $98,250. The company that won the record incentive package has never been publicly identified, but its generic description matches Charter.

The cable TV company operates some cable TV systems in the plains north of Denver, and in some Colorado mountain communities. Comcast Corp. is the dominant cable TV player in the Denver metro area and elsewhere in Front Range population centers.

But Denver has grown into a regional employment hub for Charter because of the industry talent it can find or recruit to the Denver area. It also doesn’t hurt that Charter’s largest shareholder is Liberty Broadband, part of cable mogul’s John Malone’s business empire that’s headquartered in Douglas County.

Charter has been pushing to 20,000 jobs nationwide to build a workforce to match its larger, national scale. Its metro-area job expansion includes its corporate functions, software and product development, call centers and regional operations.

Charter has 17 million video subscribers and ranks as the third-largest U.S. subscription TV businesses, behind Dallas-based AT&T, which has 25.3 million subscribers (including DirecTV), and Philadelphia-based Comcast Corp. (Nasdaq: CMCSA), which has 22 million video subscribers.

2017 Largest Telecommunications Cos

Ranked by 2016 Revenue

Rank Business name 2016 Revenue 1 AT&T Inc. $163.80 billion 2 Verizon Wireless $125.98 billion 3 Comcast Corp. $80.00 billion View This List

One 12-story tower wasn’t enough for the nation’s No. 2 cable company and the hundreds of local jobs it has been adding.

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