The nation's largest privately-funded revitalization project in the country is well underway in Lubbock. And now the world's largest retail chain will be a part of it all. It's the first major retailer to be part of the Overton Park development project. There are already two Wal-Mart stores in Lubbock, one in the Southwest and the other in the Northwest. Now, Central and East Lubbock will have a Supercenter as well.
"By the time they made contact with me they had already picked out the particular property that they wanted," explains Delbert McDougal, president of McDougal companies. He says his company never considered Wal-Mart to be part of the project but he says the fit seems perfect.
Upon completion, more than 8,000 people will live in Overton Park, adding to the large population that works in down town Lubbock, not to mention the Texas Tech population. "And with that, there's really no shopping when you stop to think about it in that section of town," he says.
So Wal-Mart will fill in the gap on 22 acres of land behind River Smith's near the Southwest corner of 4th street and Avenue Q. The super center will employ about 450 people, adding a boost to the area's economy.
McDougal says this Wal-Mart will be unlike the other two in Lubbock. "It will be a very upscale exterior architecturally with brick instead of the gray stucco that you usually see and it will have the red tile and will follow the integrity of the area which is a major plus for Overton Park," he says.
And with the addition of Wal-Mart to the Overton Project, McDougal says it may entice other businesses to pop up in the near future. "I think they are really setting the stage for other that might want to come down there but didn't want to make the first step," he explains.
Construction of the Wal-Mart is scheduled to begin early next year and will be open in the Spring of 2006, around the time Overton Park will be complete. For the next month, McDougal companies will be negotiating with businesses to decide what stores will be built in the Overton Retail Center.