Goldman Sachs builds second-largest US office in Dallas

Goldman Sachs is building an 800,000-square-foot campus in Dallas that will house more than 5,000 employees and become its second-largest U.S. office. The NorthEnd project is more than a real estate bet: it is a signal that the firm wants more growth roles, more management attention and more day-to-day collaboration concentrated outside Manhattan.

The campus broke ground at 2323 North Field Street on Aug. 17, 2023, on three acres at the southeast corner of NorthEnd, next to a planned 1.5-acre urban park. The building will have two wings, with the tallest rising 14 floors, and Goldman says it is aiming for LEED and WELL certifications while running entirely on electric power. The first phase is expected to be finished in late 2027, with the campus opening in 2028.

For Goldman employees, the Dallas buildout matters because it changes where career visibility can happen. The firm says the campus will consolidate workers now spread across downtown Dallas, Irving and Richardson, pulling multiple business lines into one location. That kind of geography can influence who gets face time with senior leaders, who gets pulled into cross-team work and where future staffing pools form. Goldman has said Dallas has been part of its footprint for nearly 60 years, but NorthEnd turns that legacy presence into a larger and more permanent operating center.

The design is built to support retention as much as scale. Goldman’s interior plans call for open-plan workspaces, modern conferencing areas and communal spaces, along with a full-service fitness facility, back-up childcare and multiple dining options. The firm says the design draws on Dallas culture, the Texas sky, the adjacent park, the Perot Museum and Katy Trail, and it selected Texas-based firms Rottet Studio, Skidmore, Owings & Merrill and Corgan for the interior work. Aasem Khalil leads Goldman’s Dallas office.

Dallas also put public money behind the project. Dallas Economic Development says the City Council authorized about $18 million in incentives in June 2022, tied to at least $390 million in real property improvements and $90 million in business personal property improvements. Goldman also committed to creating and retaining 5,000 permanent full-time jobs with an average annual base wage of at least $90,000.

Local leaders have treated the project as a marker of the city’s rise. Mayor Eric Johnson has described Goldman’s move as evidence of Dallas’s growing status as a business center, while Hunt Realty’s Chris Kleinert and Hillwood’s Ross Perot Jr. have framed the firm as an anchor tenant for NorthEnd. For Goldman bankers weighing where the next decade of opportunity sits, Dallas is starting to look less like a satellite and more like a place where the firm intends to build durable power.