Highland Park Village

Highland Park Village
Highland Park Village during the 2005 Christmas Season
Map
LocationHighland Park, Texas, United States
Coordinates32°50′9″N 96°48′20″W / 32.83583°N 96.80556°W / 32.83583; -96.80556
AddressJct. of Preston Rd. and Mockingbird Ln.
Opening date1931; 94 years ago (1931)
DeveloperFlippen-Prather Realty, Inc.
ManagementHP Village Partners, LP
OwnerHP Village Partners, LP
ArchitectMarion F. Fooshee, James B. Cheek
No. of stores and services101
Total retail floor area200,000 square feet (19,000 m2)[1]
No. of floors1
Parking1,106
Public transit accessDART Bus Route 237
Websitewww.hpvillage.com
Highland Park Shopping Village
Highland Park Shopping Village is located in Texas
Highland Park Shopping Village
Highland Park Shopping Village
Location in Texas
Highland Park Shopping Village is located in the United States
Highland Park Shopping Village
Highland Park Shopping Village
Location in United States
Area10 acres (4.0 ha)[3]
Architectural styleMission/Spanish Revival, Colonial Revival
NRHP reference No.97001393[2]
Significant dates
Added to NRHPNovember 17, 1997
Designated NHLFebruary 16, 2000[4]

Highland Park Village is an upscale shopping plaza located at the southwest corner of Mockingbird Lane and Preston Road in Highland Park, Texas and was the first self-contained shopping center in America. The Highland Park Village was declared a National Historic Landmark in 2000.[3][4]

History

A view of the Highland Park Village
Highland Park Village in 2022

John S. Armstrong and his two sons-in-law, Edgar Flippen and Hugh Prather Sr., decided that Highland Park, Texas needed a shopping center that could function as a town square. The developers traveled to Barcelona and Seville in Spain as well as to Mexico and California, studying the architecture in order to plan a retail center for Highland Park.

They hired American architects Marion Fresenius Fooshee and James B. Cheek to design the center, which opened in 1931. After the death of Hugh Prather Sr. in 1959, management of the Village was taken over by his sons, John Prather and Hugh Prather Jr. In 1966, the Howard Corporation acquired the shopping center.

In 1976, the Howard Corporation decided to sell the Village and enlisted the help of the Henry S. Miller Company. Miller had a sentimental attachment to the property because his father had been an associate of the Flippen-Prather Realty Company from 1917 to 1919 and a close friend of both partners, Hugh Prather and Edgar Flippen.

Henry S. Miller and partners acquired the property in 1976 for $5 million and was developed by the Henry S. Miller Company, which later became Henry S. Miller Interests.[1] Under Henry S. Miller.

On February 16, 2000, the shopping center was recognized as a National Historic Landmark and the center was placed on the National Register of Historic Places on November 17, 1997.[5]

In 2009, Highland Park Village was purchased by Stephen Summers, Elisa Summers, Heather Washburne, and Ray Washburne, known as HP Village Partners, LP,[6] for a record $170 million, the highest total price for a retail property of that year.[7]

In 2013 Christian Dior, Tom Ford, and Alexander McQueen, Brunello Cucinelli, Ermenegildo Zegna, James Perse, and Saint Laurent Paris opened at Highland Park Village.[8]

Retail Market Value

Currently the Village commands about $125 per square foot; placing it among the priciest retail locales in the state, although inexpensive relative to luxury retail areas in larger markets New York City, Los Angeles, and Chicago.[9] Located near the wealthiest neighborhoods in the region, with Texas' first country club right next door, sales in Highland Park Village range from $1,000 per square foot to more than $1,500 annually.[10]

Amenities

Highland Park Village at night

The Village Theatre, when it first opened in 1935 its construction cost more than $100,000.[11] In 1979, the theater was renovated, with the balcony being converted into an additional screen. It was purchased by AMC Theatres in 1987, and the entire Art Deco interior was demolished, converting it into 11,000 square feet (1,000 m2) of retail space, and two brand-new theater screens upstairs. It was once again renovated in 2010.[12]

References

  1. ^ a b Highland Park Village Archived 2006-10-26 at the Wayback Machine Facts Sheet. Retrieved 20 February 2007.
  2. ^ "National Register Information System". National Register of Historic Places. National Park Service. November 2, 2013.
  3. ^ a b W. Dwayne Jones; Susan Allen Kline; Carolyn Pitts; Patty Henry; Beth Savage (February 1999). "National Register of Historic Places Inventory-Nomination: Highland Park Shopping Village / Highland Park Village" (pdf). National Park Service. {{cite journal}}: Cite journal requires |journal= (help) and Accompanying 14 photos, from 1998 (32 KB)
  4. ^ a b "Highland Park Shopping Village". National Historic Landmark summary listing. National Park Service. Archived from the original on June 11, 2008. Retrieved March 30, 2008.
  5. ^ Dallas Convention & Visitors Bureau - Listing: Highland Park Village Archived 2006-05-08 at the Wayback Machine. Retrieved 9 September 2006.
  6. ^ "Highland Park Village Refinanced for $54M More Than '09 Purchase Price".
  7. ^ "New Owners Plan Changes at Highland Park Village". September 28, 2009. Retrieved March 26, 2010.
  8. ^ "Christian Dior, Yves Saint Laurent, Alexander McQueen to open in Highland Park Village".
  9. ^ "9 Most Expensive Retail Streets in the U.S." National Real Estate Investor. October 15, 2013. Retrieved May 4, 2020.
  10. ^ Hethcock, Bill (February 28, 2010). "New tenants on tap at Highland Park Village". Retrieved March 26, 2010.
  11. ^ "CPI Inflation Calculator". www.bls.gov. Retrieved May 4, 2020.
  12. ^ "Legacy". Retrieved March 26, 2010.
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