Goldman Sachs scales back Dallas campus

Goldman Sachs is scaling back plans for its regional campus just north of downtown Dallas.

The New York-based investment firm is trimming about 100,000 square feet from its original plan, which called for three buildings totalling almost 1 million square feet, the Dallas Morning News reported. 

The buildings were slated to rise anywhere between nine and 15 stories, but now they will be 13, 10 and eight stories tall. The project will still cost about $500 million, and it’s expected to open in 2027.

At 815,000 square feet, the Goldman Sachs campus is still poised to become one of the largest office developments the city has seen in decades.

It’s possible that rising construction costs are a culprit for the downsizing, but Goldman’s reasons weren’t reported. The company announced earlier this year that it plans to lay off thousands of employees. 

Hillwood and Hunt Realty Investments are developing the campus, while Henning Larsen and BOKA Powell serve as the designers, the outlet said. The site will also include underground parking and ground-floor retail space.

The Goldman Sachs buildings are part of Hunt Realty’s larger development plans, as it aims to transform the area north of Woodall Rodgers Freeway into an 11-acre mixed-use development, called the NorthEnd. It will comprise a hotel, residential towers, offices, retailers and a 1.5-acre park. 

—Quinn Donoghue 

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