The Carlsbad Department of Development announced the groundbreaking of River View Apartments in the Cascades development, a $7 million project that will deliver 36 modern apartment homes to address the city's high-demand housing market. This development comes as Carlsbad experiences unprecedented growth in its industrial corridor, particularly in oil and gas, which has spurred an influx of workers requiring housing options. "The River View Apartments is more than a housing project—it's an investment in Carlsbad's future," said CDOD President Susan Crockett.
The project will feature one-, two-, and three-bedroom floorplans and represents the first residential component of the Cascades at Carlsbad, a mixed-use commercial development led by the CDOD. Currently, the Cascades has multiple projects underway totaling nearly $22 million. Gary and Alex Millican, principles in the project, stated they are bringing "a more luxurious fine living on the Pecos River in Carlsbad." The apartments will be the newest housing development along the Pecos River, offering high-end residential capacity to support continued growth and attract professionals, families, and new investment to the area.
CDOD Executive Director Kristen Gamboa emphasized that "Project River View represents exactly what Cascades was designed to become: a place where long-term vision turns into real investment for Carlsbad." The groundbreaking marks a significant step in transforming underutilized land into an active, productive part of the community's future, according to development officials. City of Carlsbad Mayor Rick Lopez noted the city has been "hyper-focused on addressing the housing demand" and called the project "a much-needed addition that will bring new energy and activity to the area."
The development highlights the beauty of Carlsbad and the Pecos River while reflecting continued investment in the city's growth. For more information about economic development in the area, visit DEVELOPCARLSBAD.ORG. The Carlsbad Department of Development serves as the economic development agency for both the City of Carlsbad and Eddy County, providing assistance to businesses considering expansion or new investment in the region. This housing project represents a strategic response to the community's evolving needs as industrial growth continues to shape the local economy and housing landscape.
