Fortress Investment Group has confirmed plans for its new headquarters in the city’s Oak Lawn neighborhood, and will consolidate its entire staff in one spot, which will take up about 955,000 square feet. The $53.1 billion global investment manager confirms plans for its new headquarters in the city’s Oak Lawn neighborhood. BLOQ recently announced that the Fortress Investment Group subsidiary, Fortress Investment Group Pty, will join BLOQ’s blockchain development and advisory board. Earlier this year Fortress launched a Blockchain Development Lab.

The expansion was a part of the company’s plan to “improve the effectiveness of their software development capabilities for the supply chain, technology and commercial functions. Fortress Investment New York is a portfolio company of Fortress Investment Group LLC, a global asset management firm. With the impressive success they have achieved over the past decade, Fortress includes a state-of-the-art recruiting center, with more than 200 associates, more than 1.8 million square feet of Class A offices, a lakefront building and parking garage.

Fortress Investment Group’s New Texas headquarters could lead to 200 new job openings. KERA reported that Fort Worth-based Fortress Investment Group recently confirmed its plans to open a new headquarters in the city. Fortress says it will create about 1,000 new jobs in the next five years, bringing its Dallas-area workforce to about 3,500. The company was also eyeing buildings in Austin, San Antonio and Houston. Fortress Group New York has outgrown its 19-year-old complex on Ross Avenue. Construction was slated to begin in March 2021. To learn more visit: here.

“When we looked at where to expand in Dallas, we knew we wanted to be close to the financial services industry, as we have more employees that are financial advisors than we do employees that are investment professionals,” CEO and chairman Mike Novogratz told Business Insider. The new office will be located near Inwood, a primarily residential neighborhood. While not part of Dallas’ thriving downtown area, the area is at a quick walking distance from NorthPark Center, West Village, and some of the city’s highest-profile neighborhoods.