Highland Park is actually a city (Highland Park, TX) but located inside Dallas, TX - just 4 miles north of Downtown Dallas. It is the 3rd wealthiest location in Texas, and 40th in the United States. Highland Park is bordered on the south, east and west by Dallas and on the north by University Park. Highland Park and University Park together comprise the Park Cities. The land was originallypurchased in 1889 by a group of investors from Philadelphia, Pennsylvania, known as the Philadelphia Place Land Association. Henry Exall, an agent, intended to develop the land along Turtle Creek, as Philadelphia Place, exclusive housing based on parkland areas in Philadelphia. He laid gravel roads, and dammed Turtle Creek, forming Exall Lake, before the Panic of 1893 brought a blow to his fortunes, halting development. Afterwards, he began a horse breeding farm. In the 1890s, Exall Lake was a common picnic destination for Dallas residents.The final major land development occurred in 1924. In 1931, Highland Park Village was constructed, the first shopping center of its kind in the United States.

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