DALLAS — The new owners of the landmark Highland Park Village luxury shopping center have hit the ground running.
This story first appeared in the September 28, 2009 issue of WWD. Subscribe Today.
Stephen Summers, a partner in the center and the head of leasing, said he wants to sign more contemporary women’s fashion brands comparable to Tory Burch, a leading tenant, and Vince, which opened in August, while keeping an eye out for major fashion houses and a cosmetics store.
“We want to fulfill everything a woman wants — and a man, too,” Summers said.
Since purchasing the center for $170 million in May, the new owners have signed Leggiadro, a designer sportswear brand, as the latest tenant, planted mature trees and launched an extensive renovation of the movie theater that includes adding a restaurant with a balcony terrace.
The Village, home to Chanel, Hermès, Jimmy Choo, Polo Ralph Lauren, Carolina Herrera and other boutiques sits in the city of Highland Park, a bubble of wealth surrounded by Dallas. The center has 200,000 square feet of retail — including an 18,500-square-foot supermarket — and 50,000 square feet of offices.
While stores have been affected by the downturn, the center is still recording sales of $1,000 a square foot, Summers said.
Summers and his wife, Elisa, own the National Historic Landmark with developer and restaurateur Ray Washburne and his wife, Heather. The four Highland Park natives have shopped the center since their youths. Heather and Elisa are great-grandchildren of oilman H.L. Hunt. The couples bought the center from the four children of Henry S. Miller Jr. and an unnamed partner.
Elisa Summers operated a designer boutique called Pique in Dallas, and Stephen Summers’ mother, Emily, is an interior designer ranked in Architectural Digest’s directory of top 100 designers and architects. Ray Washburne, a principal in MCrowd Restaurant Group, is the point man for dining.