New York financial giant Goldman Sachs is aiming for a new skyscraper project on the outskirts of downtown Dallas for a major work center.
For more than a year, rumors have been circulating that Goldman plans to consolidate large numbers of employees into a new office in the Dallas-Fort Worth area. The Manhattan-based company already employs nearly 2,000 people in buildings in downtown Dallas and Richardson.
Goldman is now focused on Hunt Realty Investments’s proposed mixed-use Field Street development in northwest downtown to accommodate up to 6,000 workers, according to several sources familiar with the deal who did not want to be identified because the information would remain private.
Property owner Hunt Realty officials refused to comment on Goldman’s interest in their 11 acre property on Field Street north of Woodall Rodgers Freeway.
“We have a long-standing policy of not commenting on the activities of third parties,” said Jeanne Phillips, spokeswoman for Hunt Realty Investments, in an email.
Hunt Realty has just received city approval to build Field Street, a 3-million-square-foot mixed-use project on a block now used by Northend Apartments.
The development with towers of 80 stories or more would include a 1.5 acre central park, as well as offices, retail, apartment buildings and hotels.
Construction of the huge Field Street area could begin as early as the second half of 2022.
New York-based architecture firm Kohn Pedersen Fox Associates designed the mixed-use project, the largest new real estate project in central Dallas.
Goldman employs more than 40,000 people in principal locations in New York, Salt Lake City and Dallas. Last year there were reports that the Wall Street firm is planning to expand its office jobs in Florida and Dallas.
A Goldman Sachs representative said the company couldn’t talk about possible office locations.
The Goldman Sachs office is just one of several large out-of-state corporations allegedly revolving around real estate in North Texas. After the pandemic, companies in California, the Midwest, and the Northeast are expected to move thousands of jobs to Texas for cheaper labor and tax treatment.
An acre park is at the heart of Hunt Realty’s proposed development on Field Street north of downtown.(Kohn Pedersen Fuchs)
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