Global financial giant Goldman Sachs designed its new Dallas campus to help it recruit and retain employees in a fiercely competitive market. And it's taking a Texas-sized approach.
The New York City-based firm released the first interior renderings of the nearly $500 million campus that is under construction just north of downtown Dallas near the American Airlines Center, showcasing the workplace for more than 5,000 employees. The 800,000-square-foot office campus is expected to be the largest hub to date by square feet in Goldman Sachs’ portfolio once it opens in 2028.
“We carefully considered the local culture and community in every stage of the design process,” said Jacqueline Arthur, global head of human capital management and corporate and workplace solutions at Goldman Sachs, in a statement from the company.
Goldman Sachs has had a Dallas presence for nearly six decades and has about 4,500 employees already working in the North Texas region.
“Our investment in this campus underscores our dedication to providing a world-class workplace that supports our employees’ well-being and professional growth, as well as represents what it means to be a Goldman Sachs campus in Dallas,” Arthur added.
The all-electric campus is being built next to the Perot Museum of Nature & Science. The design is meant to help workers be as productive and efficient as possible and allow Goldman Sachs to recruit and retain employees in Dallas.
By being near museums, Klyde Warren Park, the Katy Trail and the American Airlines Center, Goldman Sachs’ campus is center stage to city life near Uptown Dallas and downtown Dallas. The transparent-designed campus opens to a 1.5-acre park that Dallas visitors can walk through from Field Street.
Goldman Sachs is eligible for about $18 million in city incentives in exchange for its new campus. The firm did not receive Texas Enterprise Fund incentives; however, Canada’s Scotiabank was offered incentives from Texas’ deal-closing fund to locate near Goldman Sachs.
Goldman Sachs’ expansion in Dallas comes as the firm has been seeking to move from high-cost cities, such as New York City and London, to more cost-effective alternatives like Dallas and Salt Lake City.
The Wall Street giant has helped solidify what has become known as “Y’all Street” by real estate executives in Dallas, a phrase meant to capture the interest of companies making the Dallas area a financial powerhouse. North Texas has become a magnet for financial services firms, including Charles Schwab, Goldman Sachs, JPMorgan Chase and Bank of America.
Canada’s Scotiabank was recently awarded city and state incentives for its commitment to more than 100,000 square feet in an office building near Goldman Sachs’ campus in Victory Park, as CoStar News has reported.
Like other Goldman Sachs’ offices, the Dallas campus was designed to help employees do their best work. Campus offerings include a full-service fitness facility, back-up childcare and a variety of dining options.
Designers took cues from Dallas’ culture, especially the area’s big skies — a specific characteristic of Texas. The tones of the design range from the browns and greens of prairie grass to the hues of sky from blue to vibrant sunsets. The Dallas office is one of three offices in Goldman Sachs’ portfolio that has jobs supporting every line of the firm’s businesses. New York City and London are the other two such offices.
The New York City office is a distinctly high-rise urban office, while the London one is nine stories. The financial giant’s Dallas campus will be 14 stories at the tallest part of the property and focused on helping employees enjoy the outdoors with walking paths and bike parking.
Goldman Sachs’ open-plan workspaces, modern conferencing spaces and range of common areas to support collaboration are all meant to foster creativity.
Goldman Sachs Head of Dallas Office Aasem Khalil said the new campus was designed with the firm’s employees in mind.
“We believe that a thoughtfully designed workplace can significantly enhance employee experiences and we are committed to creating an environment where our team can thrive in the city they’re based,” said Khalil, who is also global head of investment banking client services, in the firm’s statement.
Other human-centric designs within the office campus include outdoor terraces, rooftop gardens, coffee bars and social lounges.
For the record
Rottet Studio, Skidmore, Owings & Merrill and Corgan are the interior designers working on the new campus for Goldman Sachs.