The term “Y’all Street” may soon be more than a nickname for Dallas as the Texas Stock Exchange prepares to launch operations from Weir’s Plaza this spring.
The 12-story mixed-use building in Dallas’ trendy Knox-Henderson district will serve as the organization’s temporary headquarters as it works toward becoming a fully functional stock exchange, the Dallas Morning News reported. The size of the space and details of the lease weren’t reported. The lease will be temporary, while the stock exchange searches for a permanent home “in the heart of Dallas,” the outlet reported.
Weir’s Plaza, at 3219 Knox Street, developed by Four Rivers Capital in 2022 at a cost of $155 million. Its amenities include a private bar and lounge. Retail tenants include Weir’s Furniture and a variety of restaurants.
The Knox Street area has attracted retail outposts of Apple, Trader Joe’s, and Lululemon.
The stock exchange will eventually have a home called the Texas Market Center, with executive offices and the Texas Business Museum. The museum will preserve the history of Texas commerce and potentially partner with universities for research and artifact preservation.
The exchange is seeking approval from the U.S. Securities and Exchange Commission, with plans to open for trading next year and offer listings by 2026.
The exchange’s establishment in Dallas aligns with the city’s ongoing transformation into a financial hub dubbed “Y’all Street.”
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Developments contributing to this transformation include a $500 million Goldman Sachs campus managed by Hunt Realty and Hillwood, a 30-story Bank of America tower by KDC and Pacific Elm Properties and a $173 million office tower by Granite Properties and Highwoods Properties leased by professional services firm Deloitte.
— Andrew Terrell