Gillon Property Group, through its subsidiary Highland Park Village LP, announced on Apr. 13 plans to expand two buildings at the Highland Park Village shopping center in Dallas with an estimated cost of $11 million.
The project will add a total of 10,500 square feet to the landmark retail complex. Building C is set to gain 3,500 square feet while Building D will receive a 7,000-square-foot addition. The company filed the plans with the Texas Department of Licensing and Regulation last Thursday and later revised its initial estimate from $25 million down to $11 million on Monday. These filings are preliminary and may change.
Highland Park Village spans about 259,000 square feet across seven buildings bordered by Preston Road, Mockingbird Lane, Livingston Avenue and Douglas Avenue in one of Texas’s most expensive neighborhoods. According to public records, the original structures from 1931 make up approximately 231,000 square feet of the property. Plans from architecture firm Omni Plan show that Building C faces Douglas Avenue while Building D is located at Douglas and Mockingbird Lane.
Currently, two spaces in Building C are listed as vacant on the property’s website with “Coming Soon” signage displayed. Management for Highland Park Village operates out of Building D. Tenants include luxury brands such as Dior and Oscar de la Renta as well as Beretta and The Honor Bar restaurant.
Gillon Property Group was established last year after merging portfolios belonging to the Washburne family and Hunt-Hill family—two influential names in Texas real estate. Ray Washburne purchased Highland Park Village in 2009 for $170 million alongside his wife Heather Hill Washburne (granddaughter of Margaret Hunt Hill), her sister Elisa Hill Summers and Summers’ husband.
Highland Park Village is recognized by the Texas State Historical Association as one of America’s earliest outdoor shopping centers. Gillon Property Group declined to comment regarding these latest expansion plans.
