Can you walk Y’all Street? What Dallas’ financial coup means for downtown

A stroll down Wall Street takes you past the Charging Bull statue and the columns of the New York Stock Exchange, proof of the money that used to flow through New York City’s financial district every day.

So what about Y’all Street? Well, it’s less a walking trail and more a memory lane, because though the financial world is making big investments in North Texas, not all of it will be downtown, as traditional financial districts get left in the past.

Wells Fargo, for example, put $500 million into a new campus in Irving that features everything from gyms to eateries. This move out of downtown is part of a trend found nationwide, even on Wall Street.

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Nasdaq’s new Texas branch will be based in Irving as well, and a map from the Dallas Regional Chamber shows that while many finance companies are clustered in Dallas’ center, even more are spread throughout D-FW.

Even within Dallas, Bank of America plans to move from its Main Street location to an Uptown high-rise overlooking Klyde Warren Park. But maybe that’s hairsplitting.

A Goldman Sachs spokesperson emphasized that the firm is intentionally investing in the heart of Dallas with its similarly located Victory Park campus. Though just outside the central business district, Dak Prescott could maybe throw a stone from Goldman Sachs’ “big hole” construction site to the downtown border.

Meanwhile, the Comerica Building still stands tall and JPMorgan Chase expanded its Akard Street office. The Texas Stock Exchange, too, is searching Dallas for a spot to put its headquarters, the Texas Market Center, which will feature a business museum, broadcast studio and more. (In the meantime, TXSE will be based out of Knox Street’s Weir’s Plaza.)

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“We believe [the Texas Market Center] will drive further investment and corporate interest in the city and surrounding region,” TXSE CEO James Lee said.

Perhaps that gets at the truth of the matter: Dallas’ financial sector doesn’t need to leave its footprints only downtown for downtown to benefit.

This story is part of a special report, “Decoding downtown,” which examines the state of downtown Dallas ahead of 2025.

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