The new owners plan to spend more than $100 million on wide-ranging improvements at Country Club Plaza, said Ray Washburne.The family investment partnership that owns the Highland Park Village luxury retail center in Dallas has completed its purchase of the iconic Country Club Plaza in Kansas City. On tap is a $100 million infrastructure overhaul of the century-old Midwest shopping and dining district.
Major tenants now include an Anthropology, Apple Store, Capital Grill, Cheesecake Factory, Coach, J. Crew, Sephora and Tiffany & Co., he said. Washburne declined to name new tenants to be targeted but said they will be similar to the lineup in Highland Park Village and the Knox Street neighborhood. HP Village Management advises on leasing, marketing and management of existing Knox Street properties and is an investor in a major expansion underway.
Knox Street, spanning about a half mile from Central Expressway to Abbott Avenue, is lined with luxury retailers and high-end restaurants. Michael Dell-affiliated investment firm BDT & MSD Partners and Dallas-based firms Trammell Crow Co., The Retail Connection and Highland Park Village Associates own multiple properties in the district and are HP Village Management is a privately held company led by descendants of Margaret Hunt Hill.
The new owners have engaged multiple Kansas City-based architects to help with the master plan and design.