The Carlsbad Department of Development (CDOD) announced the groundbreaking of River View Apartments, a $7 million residential project within the Cascades mixed-use development along the Pecos River. The development will introduce 36 modern apartment homes with one-, two-, and three-bedroom floor plans, addressing a critical housing shortage in Carlsbad's high-demand market. This project is the first residential component of the Cascades at Carlsbad, a broader commercial initiative led by the CDOD with multiple projects totaling nearly $22 million currently underway.
Carlsbad's industrial corridor has experienced significant growth over the past decade, largely fueled by expansion in the oil and gas sectors. This economic boom has led to an influx of workers moving to the area, creating unprecedented demand for housing options. River View Apartments is positioned to provide high-end residential capacity, supporting continued industrial growth and attracting professionals, families, and new investment to the community. Project principles Gary and Alex Millican stated that construction would begin in January, offering "a more luxurious fine living on the Pecos River in Carlsbad."
CDOD President Susan Crockett emphasized that the project represents more than just housing development. "The River View Apartments is more than a housing project—it's an investment in Carlsbad's future," Crockett said. "Projects like this help meet our housing demand, stimulate economic activity, and support the long-term success of our community." The development transforms underutilized land into productive community space, aligning with Carlsbad's strategic focus on addressing housing needs while capitalizing on the area's natural assets.
CDOD Executive Director Kristen Gamboa noted that the project exemplifies the vision behind the Cascades development. "Project River View represents exactly what Cascades was designed to become: a place where long-term vision turns into real investment for Carlsbad," Gamboa said. "This groundbreaking marks a major step forward in transforming underutilized land into an active, productive part of our community's future." The CDOD serves as the economic development agency for Carlsbad and Eddy County, providing assistance to businesses considering expansion or new investment in the region. More information about their initiatives is available at DEVELOPCARLSBAD.ORG.
City of Carlsbad Mayor Rick Lopez welcomed the project as both a practical solution and an enhancement to the area's appeal. "It's exciting to see another major project break ground at the Cascades," Lopez said. "This area highlights the beauty of Carlsbad and the Pecos River, and this development is a much-needed addition that will bring new energy and activity to the area. Projects like this reflect our continued investment in Carlsbad's growth and future." The River View Apartments project underscores how targeted residential development can support broader economic objectives while improving quality of life in growing industrial communities.
