The project would be part of an 11-acre high rise redevelopment approved by the City Council last August. The plans include office, residential and hotel...
Dallas is considering offering tax breaks to Goldman Sachs if the global investment firmThe Dallas City Council is scheduled to vote June 22 to create a neighborhood empowerment zone around the proposed development on the 2300 block of North Field Street near the Perot Museum of Nature and Science.
Under state law, the zone designation allows cities to offer financial and development incentives to property owners and developers to help bolster economic development, affordable housing or other initiatives within the area.The massive project would be part of an 11-acre high rise redevelopment. The plans include office, residential and hotel towers, retail space and a 1 1/2-acre park. Some of the buildings could top 80 stories.
The 11-acre site is currently home to the Northend Apartments, a 540-unit complex that has stood since 1997. A worker at the apartments said Monday that the complex stopped accepting new leases in January or February because of the planned redevelopment. According to a public notice regarding the possible Goldman Sachs city tax deal, the property owner, North End, L.P., plans to construct a $390 million building by Dec. 2028. Goldman Sachs would lease at least 800,000 square feet of the space and spend a minimum of $90 million to outfit it.
Rumors have circulated since at least 2020 that Goldman plans to consolidate a large number of workers in a new office in the Dallas-Fort Worth area. The Manhattan-based company
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