Wall Street has officially planted a flag in Bellevue. Goldman Sachs has opened a new engineering office in the city, the firm’s first dedicated space for technologists in the Pacific Northwest, with room for more than 125 employees working on artificial intelligence and cloud transformation.
The New York-based bank announced the opening on September 8 and held a ribbon-cutting ceremony for the space this month. It joins a fast-growing roster of finance and technology companies that have set up engineering operations on the Eastside over the past few years.
Why Bellevue
Goldman Sachs has kept a downtown Seattle office since 2001, currently at Rainier Square (401 Union St.), housing teams from its Banking and Wealth Management businesses. The Bellevue location is different: it is built specifically for engineers, and it is intended to be a permanent base for the company’s push into AI and cloud infrastructure.
In the announcement, Chairman and CEO David Solomon pointed to the region’s engineering schools and talent pool as the reason for choosing the Pacific Northwest, saying that “hiring exceptional talent is central to how we adapt and grow.” The firm described the new office as a strategic presence in one of the world’s leading technology hubs.
Engineering is a bigger part of Goldman Sachs than many people realize. The bank ended 2025 with about 47,400 employees, and more than 12,000 of them are engineers, roughly a quarter of the workforce. The Bellevue office expands a network of engineering hubs that also includes recent growth in Dallas, Salt Lake City and Warsaw, Poland; the firm’s careers page also lists engineering roles in New York and London.
According to the company, the space features an open floor plan designed around collaboration, along with wellness amenities aimed at supporting employees’ day-to-day experience in the office. Goldman has not said which downtown Bellevue building it has taken or how large the space is.
Part of a larger Eastside AI wave
The opening comes as Bellevue continues to attract AI-focused employers at a rapid clip. GeekWire, which maintains a running list of nearly 150 engineering outposts in the Seattle region, noted that Goldman’s arrival follows other recent Bellevue moves by AI companies including OpenAI, xAI, CoreWeave and U.K. data-center firm Nscale.
Goldman’s crosstown rival JPMorganChase has been in the market longer. The country’s largest bank runs its Seattle Tech Center out of the JPMorganChase Center, the former Russell Investments Center at 1301 Second Ave. Launched in 2018, the hub had grown to roughly 400 employees by early 2025 and now anchors an AI infrastructure team for the bank, according to GeekWire.
Goldman Sachs has also been reshaping its technology leadership. Earlier this month the firm hired Dinesh Keswani, a former Microsoft and GoDaddy engineering executive, to co-lead its core engineering group alongside Gopi Parameswaran. Keswani’s local ties are a reminder of why banks keep looking to this area: much of the talent they want already lives here.
Founded in 1869, Goldman Sachs reported $2.1 trillion in assets at the end of the second quarter. Reuters has also covered the Bellevue opening.
What it means for downtown
For downtown Bellevue, the news is a welcome counterweight to a summer that brought a string of layoff notices from large employers with local offices. A 125-person office is modest compared with the region’s tech giants, but the caliber of the tenant matters. Goldman Sachs choosing Bellevue for its only dedicated Pacific Northwest engineering hub, rather than adding to its Seattle office, is another signal of where financial and technology firms see the region’s center of gravity shifting.
Downtown Bellevue Network will update this story once the office’s location is confirmed.
