I think there's a big difference between being in the mall, and acquiring a mall and gutting it. I didn't see the shopping center it was before, but the ACC building is really nice and looks like it was completely renovated from what it was previously.
Growing up middle class in the 80s and 90s in a midsized city about an hour north of Austin, Highland Mall was a prime destination for the back to school shopping trip. The presence of Banana Republic made it rather upscale to us hicks from Bell County, though The Gap was the real scene of teen girl vs mom drama.
I was mostly interested in it for the ice rink, though. An indoor ice rink was an exciting novelty in Central Texas at the time, and that was the only public one between San Antonio and Dallas when I was a kid.
https://www.austincc.edu/campuses/highland-campus