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Goldman Plans New Dallas Campus, Extending Bet on Hub in Texas

  • Bank has been reining in costs, fanning out beyond Manhattan
  • Region has attracted financial firms seeking cheaper locales

Goldman Sachs Group Inc. is on the hunt for a new office campus in Dallas that could become the Wall Street bank’s largest presence in the U.S. outside of its Manhattan headquarters.

Executives are in advanced talks with developers as the firm scouts for expanded space in North Texas, a region known for steakhouses, luxury retail and low taxes. The move could boost Goldman’s presence there to rival an older outpost in Jersey City, where the bank’s tower looms over much of the local skyline -- and even supplant it in time, according to people with knowledge of the situation.