NEW YORK, Sept. 30, 2011 / — Last night at Isabel Toledo’s first runway event in more than a decade at a show held in San Juan, Puerto Rico, the designer debuted her Spring ’12 apparel line paired with her Isabel Toledo for Payless Spring ’12 collection featuring nine shoes and two handbags that channel Toledo’s practical elegance design aesthetic. The debut of the Spring Payless designer label — Toledo’s sixth line for the retailer — featured shoes with a light, minimal feel offering a range of heel heights from flats and something the designer calls “high flats,” to silver