How Dallas’s ‘Y’all Street’ is putting the state on the finance world map
Deloitte is an account and consulting firm with 450,000+ employees across the globe. | Rendering via Granite Properties
New York has Wall Street, but in Texas, things are done with a bit more southern charm.
Meet Y’all Street. This is Dallas’s financial district and it’s the second largest hub for finance jobs in the US, home to Fortune 500 companies like Fidelity, Charles Schwab, TD Ameritrade, and JPMorgan Chase.
As it continues to grow, both in value and popularity, we want to take a closer look at how it came together.
The past
Reports show Texas has been attempting to grow its financial industry as early as 1990, but experts agree the last two decades is when things have taken off. This includes expansions and investments from Deloitte, Goldman Sachs, and Wells Fargo. In 2020, these companies also created a coalition to work on common goals and solve problems in the industry.
The present
There have been plenty of big bets on Y’all Street within the last year. In 2023, Goldman Sachs announced plans for an 800,000-sqft high-rise capable of housing 5,000+ investors. Deloitte followed that up by unveiling its plans for a 625,000+ sqft building, expected to be built by March 2025.
This massive building from Goldman Sachs will be nearby popular places like the American Airlines Center. | Rendering via Goldman Sachs
But, why here? Just like celebrities leaving LA for Texas, it may be because of our relatively low tax rates and affordable housing. There’s also plenty of room for large-scale developments, all coming together to create the perfect financial storm.
The future
The Texas Stock Exchange seems to be the next step. It aims to start operations in 2025 and begin listing companies by 2026, according to its website. It currently has been backed by 24+ investors, totaling $120+ billion in support. It will operate similarly to Wall Street for investors and clients, but it hopes to build its roster by gaining businesses frustrated with the old system.
Asked
What is the highest ranked Fortune 500 company based in Dallas?
A. AT&T B. HF Sinclair C. Southwest Airlines D. Texas Instruments
Arizona vs. Kansas State | 6 p.m. | Cosm Dallas | $22+ | Watch this Big 12 matchup with views of the game you can’t get in the stadium or at home.
“Cinderella” | Friday, Sept. 13-Sunday, Sept. 15 | Times vary | Winspear Opera House | $25+ | This timeless film and book comes to life on stage with glass slippers, fairy dust, and other magical delights.
Saturday, Sept. 14
UNCF North Texas Walk for Education | Saturday, Sept. 14 | 7-11 a.m. | Lake Cliff Park | $28+ | Walkers and runners will be supporting local HBCU efforts by participating in this choose-your-own-pace 5K.
DogFest | Saturday, Sept. 14 | 4-7 p.m. | Community Beer Company | Free | Registered pups can paint, hop into a photobooth, and enjoy treats at this dog-focused festival.
Sunday, Sept. 15
New Orleans Saints vs. Dallas Cowboys | Sunday, Sept. 15 | 12 p.m. | AT&T Stadium | $74+ | Cheer on Dak Prescott and the rest of the Cowboys in the first home game of the season.
Sunday Night Jazz Jam | Sunday, Sept. 15 | 10 p.m. | The Free Man Cajun Cafe & Lounge | Free | End your weekend with some of the best cajun food and live jazz music in the DFW area.
Dallas City Council approved $42 million towards more deck parks over I-30. The project still needs to go through channels of approval before it can get started, but it would cost $187+ million, according to current plans. (WFAA)
Cause
Want to see new Dallas Maverick Klay Thompson on the court before the season starts? Check out the Dirk Nowitzki Foundation Tennis (not basketball) Classic tomorrow starting at 2 p.m. It will feature a variety of past Maverick players and celebs, plus benefits local kids. (WFAA)
Eat
Texas Roadhouse released its iconic cinnamon butter to grocery stores, and it’s churning up quite the craze. If you want to get your hands on it before it sells out, check out this guide to local grocers offering the coveted butter. (WFAA)
Try This
University of Texas-Arlington is moon gazing at the Observatory this weekend, and you’re invited. It promises breathtaking views of the moon using its state-of-the-art 16-in telescope. Best of all? It’s totally free. (WFAA)
Listen
Victory+ is the Dallas Stars’ new streaming app, and Sportsradio 96.7 FM/1310 AM The Ticket is joining the team. The radio show will begin streaming on Victory+ starting Wednesday, Sept. 25. (WFAA)
Weather
If you think fall weather is almost here, think again. That’s why we are keeping up with WFAA Meteorologist Pete Delkus who said temperatures are rising to the mid-90s this weekend and beyond.
Sports
Did you catch this hidden storyline for the Texas Longhorns game against UTSA tomorrow? Get the biggest stories every day from the local experts of the Longhorns with Locked On’s daily podcasts.
Shop
Level up your fall wardrobe with this stylish and versatile men’s quarter zip sweater. Its sophisticated mock neck design makes it perfect for both casual and formal wear.*
The Word
Balance transfer cards: One of the best-kept secrets for managing credit card debt. This card gives you almost two years to pay off your existing balance, sans interest — plus, that sweet, sweet cash back.*
Ranked
🏨 MICHELIN checks in
4 Dallas-based hotels named on MICHELIN Key rankings for 2024
MICHELIN released its rankings on Thursday, Sept. 12. | Photo provided by MICHELIN
The next time you need a place to stay, we recommend checking out one of these Dallas hotels. And we aren’t the only ones.
The 2024 MICHELIN Key ratings for hotels are here and four Dallas locations were placed inside the top 288. They are as followed:
Casa Duro
Hotel Swexan
Hotel Zaza Dallas
Rosewood Mansion on Turtle Creek
While that number seems large, this yearly ranking compiles selections from the US, Canada, and Mexico to make sure only the best of the best are listed.
Big Tex wasn’t done with those options either. A total of 20 different Texas-based hotels made the list, including seven in Austin and three in Houston. Fort Worth, Galveston, and El Paso also made the list with one each.
The Buy
The Buy 9.13.24 (Affiliate)
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Welcome to the weekend, Dallas. This calls for a celebration and no party is complete without a soundtrack. What local artists are you currently listening to? Talk to me.
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