The Germans Declare Victory is Theirs

Victory smells: It is wrong to kick a man when he's down or rub salt in another's wounds. Very un-Christian.

But what the heck? It's fun, and Buzz has never been baptized. So we can't help but resurrect (heh) this quote from Ross Perot Jr., given to USA Today back in 2007, talking about his Victory Park development around the American Airlines Center: "You can move into a beautiful downtown home, walk to the arts, walk to a basketball game, walk to restaurants," Perot told the paper. "There is something unique in the downtown fabric that you couldn't get in the suburbs."

Yeah, there's now a Hard Rock Café and a lot of empty retail space in Victory, once the home of pricey shops and restaurants before all those businesses decamped for want of customers. You know, you just don't see that many chain restaurants and empty storefronts in the 'burbs—unless you happen to open your eyes and don't count T.G.I. Fridays, which is nothing like a Hard Rock Café, inasmuch as Fridays doesn't have autographed guitars on the walls.

On the other hand, suburban Grand Prairie has Der Wienerschnitzel—possibly the best fast-food chain ever—which is something Dallas lacks. Maybe Victory Park's new owners can fix that, seeing as they're German.

This week, Hillwood Development Co. handed Victory over to US Treuhand, the German investors who, back in March, warned that Perot's company was in danger of defaulting on a $185 million loan. "As of today, July 6, Hillwood has transitioned the ownership of the buildings at Victory Park to our partner, UST XVI Corporation," Perot wrote in an e-mail to Hillwood employees obtained by Unfair Park. (One difference between being a rich guy whose company owes 185 million simoleons and a working mensch who can't make his home mortgage: The bank forecloses on the latter. The rich guy transitions ownership.)

Perot's e-mail describes Victory as a "premier destination" for Dallas, which is laughable, or course. Pretentious, sterile and uninviting for regular folk, except basketball fans, Victory attempted to define itself by exclusion. No Gaps, no Old Navys and none of the sort of people who shop at Old Navy, were needed there. C'mon, it's hard not to smile just a bit at seeing the ostentatious deflated.

Still, Hillwood did turn a once empty, polluted field into a shiny new development, so here's hoping the new German owners can make the joint more welcoming to the rest of us. How could they do that? Five words: beer, beer and more beer. And maybe a footwear store—Das Boots, anyone? Oh, and a Der Wienerschnitzel. That's German food, right?

 
  • Betty Crocker 07/15/2009 9:49:00 PM

    Very simple: bring in an attraction to Victory that is unique or rare in Dallas. I think the original owners assumed that Victory itself was a sufficient drive for patrons. I like the venue and don't think it's too sterile. For once, there is a development that caters to pedestrians, which is quite rare in Dallas. If the new owners of Victory can convince a nice bowling alley or a giant bookstore like Borders to open shop, then it will have a major tenant that will provide the patrons to frequent the other shops on a continuous basis. Victory lacks accessibility and parking, so it's not worth it for folks to visit the few shops/restaurants that are there currently. Try and solicit H&M to finally come to Dallas and to open a flagship shop at Victory - lots of folks will make the trek all the way to Victory just for that one store (since there are none near Dallas). Get one big tenant that has an individual draw, then the rest of the smaller tenants will come AND stay.

  • Doug 07/09/2009 3:20:00 AM

    So how much did Perot and Hillwood lose on this deal?

  • Hondo 07/09/2009 2:21:00 AM

    Patrick Williams is a bitter, stupid dick.

 

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