In September 2002, the McDougal Companies announced a 50 Million-Dollar multi-use property to be built in Overton Park. The Centre at Overton Park is located on a 2 block site immediately east of University Avenue with street boundaries east and west of Avenue X and Avenue Y and north and south of 6th Street and 8th Street. With close proximity to Texas Tech University and downtown Lubbock, The Centre will have strong appeal to students and to career people working in this area. The first four story multi-use property in Lubbock features 277 upscale apartment units with retail space on the street level. Apartment residents will have inside parking on the same floor where they live, and retail customers will have inside parking on the ground floor. For the convenience of residents, the property also features two separate landscaped courtyard areas, a swimming pool, and resident clubhouse.

Groundbreaking for The Centre was in Summer 2003 with the ribbon cutting ceremony held on July 28, 2005.