The Carlsbad Department of Development has announced the groundbreaking of River View Apartments in the Cascades development, a $7 million project that will deliver 36 modern apartment homes to address housing shortages in a high-demand market. This development comes as Carlsbad experiences significant growth in its industrial corridor, particularly in oil and gas, creating an influx of workers requiring residential options.
Gary and Alex Millican, principals in the project, stated that construction would begin in January, bringing what they described as "luxurious fine living on the Pecos River" to Carlsbad. The apartments will feature one-, two-, and three-bedroom floor plans, marking the first residential component of the Cascades at Carlsbad, a mixed-use commercial development led by the CDOD. The Cascades currently has multiple projects underway totaling nearly $22 million.
"The River View Apartments is more than a housing project—it's an investment in Carlsbad's future," said CDOD President Susan Crockett. She emphasized that such projects help meet housing demand, stimulate economic activity, and support long-term community success. CDOD Executive Director Kristen Gamboa added that the project represents the realization of the Cascades' long-term vision, transforming underutilized land into an active, productive part of the community.
The City of Carlsbad has prioritized addressing housing demand, with Mayor Rick Lopez noting that the development highlights the area's natural beauty while bringing new energy and activity. The project's importance extends beyond immediate housing needs, as it supports continued industrial growth by providing housing for professionals and families, thereby attracting further investment. For more information about economic development initiatives, visit https://DEVELOPCARLSBAD.ORG.
This development matters because it directly responds to economic pressures created by Carlsbad's booming industrial sector. Without adequate housing, the area risks stifling growth and losing workforce talent. By expanding residential capacity with high-end options, the project helps sustain economic momentum, ensures community stability, and enhances quality of life for residents, positioning Carlsbad for continued prosperity in a competitive regional landscape.
