Category: Business

Village Owners Refinance for Center’s Future

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Highland Park Village officials hope to finish Building G renovations by next summer. (Photo: OMNIPLAN)

Owners of Highland Park Village, already undergoing major renovations to make room for more retail and a private club, have secured more funds to invest in the premier shopping center.

The owners of the center, a family partnership that includes Ray and Heather Hill Washburne and Stephen and Elisa Summers, recently refinanced the center for $225 million — $54 million more than the 2009 purchase price.


Jarrell Co. Plans Renovation

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The Jarrell Co. warehouse will become tenant showrooms. (Photo: Imani Chet Lytle)

The retro roto-sphere sign across Central Expressway from SMU may no longer rotate and blink, but the tall Dallas landmark still identifies a showroom of high-end appliances, plumbing, and decorative hardware.

Soon names identifying showrooms of other home improvement companies could join the Jarrell Company on the iconic sign.

“The top of the roto-sphere is 98 feet, so it’s way up there,” said architect Robert Kilduff.


Geena Davis to Address Gender Equality

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Geena Davis. (Courtesy photo)

After hosting events in California for a decade, Comerica Bank is taking its Women’s Business Symposium on the road with sessions taking place across the country. The event will come to the Dallas area on Oct. 13 at the Dallas Marriott Las Colinas in Irving.

“We are excited to expand this unique experience for women across the country,” the Dallas-based financial services company announced. The symposium will run from 11:15 a.m. to 3 p.m.


Comings and Goings

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Asian Mint plans to open an Inwood Village location this fall. (Courtesy photo)

COMING SOON

Asian Mint
Inwood Village

Inwood Village will be minted this fall with a popular North Dallas Asian-fusion restaurant. Asian Mint, already on Forest Lane and Oak Lawn Avenue, will open its third location in the Inwood Village space previously occupied by Café Istanbul. Since first opening on Forest Lane in 2005, founder Nikky Phinyawatana’s New Bangkok-style cuisine has garnered multiple awards and a large following.


A Sparkling Business Endeavor

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Carat, cut, color, and clarity: four little words that can strike fear in a young man’s heart, and lighten his wallet.

Setting out to purchase an engagement ring, or any piece of diamond jewelry, can be a daunting task — one Diamonds Direct aims to make as smooth and enjoyable as possible.

“Our environment is always relaxed, hands-on, friendly, and informative,”said Senior Vice President Amit Berger.


Customers Preserve Village History

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Highland Park Village property managers have talked about creating a display of donated historic photos and documents. (Courtesy Highland Park Village)

Plenty has changed in the world since Highland Park Village opened more than 86 years ago. Billed as “America’s first shopping center,” the Mediterranean Spanish–style collection of approximately 70 shops and restaurants has served not only as a retail destination but also a town square of sorts for Park Cities residents.

“At its heart, the village has always been about the community, even though certain elements may have changed,” chief marketing officer Mia Meachem said. “It’s a magical place. I’ve lived in New York, D.C., and LA and there is nothing like it.”

While today’s high-end boutiques are a far cry from the feed store, drug store, and arcade that operated in bygone eras, memories of yesteryear’s businesses still resonate with many.


Refinancing Could Bring Even More Upgrades to HP Village

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12. Highland Park Village Theatre

Highland Park Village, already undergoing renovations to make room for more retail and a private club, has secured more funds to invest in the premier shopping center.

D Magazine and other media has reported this week on the refinancing of the center, which was purchased in 2009 by a family partnership that includes Ray Washburne and his wife and her sister.

Citing Dallas County deed records, D Magazine reported that the new loan by TH Real Estate, an investment affiliate of Teachers Insurance and Annuity Association of America, totals $225 million—or $54 million more than the 2009 purchase price.

Washburne released a statement saying the new loan would be used “to invest in our property for decades to come.”

Read more here.


Alexa, What’s Up at City Hall?

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UP-Echo170

Steve Mace selects information for Alexa to read to residents. (Photo by Imani Chet Lytle)

Don’t bother going to University Park’s website to read announcements from city government.

Ask Alexa to do it for you.

Dallas digital marketing agency Imaginuity has introduced, through website client University Park, a new platform that works with Alexa, Amazon’s voice-activated personal assistant.


Dallas Arboretum Debuts Year-Round Food Oasis

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The Dallas Arboretum and Botanical Garden will soon offer A Tasteful Place, an edible display garden complete with a newly developed lagoon and meandering walkways.

The 3.5-acre garden will also include a pavilion with event space and teaching kitchen, an orchard, beds of ornamental display vegetables, herbs and flowers, as well as shaded porches and walkways.