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The Goldman Sachs Campus in Dallas is quickly becoming a landmark project, representing the storied investment bank’s $500 million bet on Texas. 

The 3-acre site, located between the American Airlines Center and the Perot Museum, is on track to transform the city’s Uptown skyline by 2028.

By late 2026, the exterior of the 800,000-square-foot campus will be completed, according to Goldman Sachs. Employees are expected to move in by 2028 after the firm finalizes the interior buildout.

Goldman Sachs already employs around 4,000 people in the Dallas–Fort Worth area, and the new site will expand capacity for more than 5,000 workers.

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A Strategic Shift Away from High-Cost Cities

The Dallas campus reflects Goldman Sachs’ broader push to move jobs from New York and London into lower-cost cities such as Dallas and Salt Lake City.

“We’ve been in Dallas for nearly 60 years, but our new campus cements the city’s position as a critical global hub for the firm,” said Rob Kaplan, Goldman Sachs Vice Chairman. “The new location will help us better serve clients in the U.S. and around the world and offer a convening center for the Dallas community.”

Financial Epicenter Goldman Sachs Campus

The project is being developed through partnerships with Texas billionaire families, including Hunt Realty Investments and Ross Perot Jr.’s Hillwood Development.

“Dallas has evolved into an epicenter for financial activity,” said Christopher Kleinert, CEO of Hunt Realty. “You’ve got the migration of financial institutions coming from the coast. You’ve got a tremendous talent base here.”

The Dallas–Fort Worth region has attracted a wave of financial giants in recent years:

• Bank of America is leasing 238,000 square feet nearby.
• JPMorgan Private Bank has offices overlooking Klyde Warren Park.
• Charles Schwab and Vanguard have expanded in the metroplex.
• The New York Stock Exchange moved its electronic exchange to Dallas.
• Nasdaq plans a regional HQ, while the Texas Stock Exchange has drawn investment from Citadel Securities and BlackRock.

More details are available from Tradeline, Inc.

Challenges Ahead: Rising Costs

Despite the optimism, Dallas faces affordability concerns. Research from the Harvard University Joint Center for Housing Studies shows housing prices in Texas cities are climbing.

“How do you continue to have price points of housing available for all; how do you ensure that there’s quality education?” Kleinert asked. “It’s important that we retain our relative affordability.”