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. In 2009, Highland Park Village was purchased by Stephen Summers, Elisa Summers, Heather Washburne, and
Ray Washburne, known as HP Village Partners, LP, for a record $170 million, the highest total price for a retail property of that year. In 2013
Christian Dior,
Tom Ford,
Alexander McQueen,
Brunello Cucinelli,
Ermenegildo Zegna,
James Perse, and
Saint Laurent Paris opened at Highland Park Village. ==Retail Market Value==