New housing and apartment developments increase in Eddy County
Plans for new housing and apartment construction in Carlsbad and Eddy County advanced in October, government officials said.
A mix of housing estates and apartment complexes were in the works earlier this month at various locations within Carlsbad city limits, Mayor Dale Janway said.
He said the Arrowstone Apartments at Hidalgo Road and Boyd Drive were valued at $ 13 million and the Carlsbad Apartments at 301 West Chapman Road were valued at $ 14 million.
Real estate developments aren’t limited to the Carlsbad area, as the Eddy County Board of Commissioners on Oct. 19 approved a preliminary platform for nearly 80 acres of property north of Artesia.
JFD Enterprises and Huitt-Zollars engineering have plans to develop nearly 12 single family home property lots off US Highway 285, read documents from the Eddy County Planning Department.
Eddy County deputy director of community services Steve McCrosskey said a preliminary platform paves the way for construction to begin.
He did not offer a timeline on when construction should begin.
âIt’s subjective for the developer,â he said.
McCrosskey said once development is complete. County commissioners would approve the final dish for the Arbor Estates subdivision.
The housing estates and apartment complexes have arrived at the right time, said John Waters, executive director of the Carlsbad Development Department (CDOD).
A study commissioned by CDOD for Carlsbad and southern Eddy County found that traffic had returned to pre-COVID-19 levels in recent months.
âWe’re seeing a lot of activity (and) a lot of people are back to work,â he said. âI noticed in my travels last week to some of the men’s camps that a lot of them are starting to fill up again. “
Waters said oil and gas activity has increased in Eddy and Lea counties and three counties in West Texas.
âThere is a significant amount of activity going on right now in the oil and gas production area. We are seeing great interest in processing plants, âhe said.
Waters said as oil and gas activity increases in the Carlsbad area, housing is one of the many needs of workers and their families.
âCertainly we prefer these people to come and live in Eddy County and bring their families here and enjoy all that Eddy County and New Mexico has to offer. Housing would be needed for that, âhe said.
Waters said as more oil and gas workers came to Carlsbad and Eddy County the need for housing would not cease.
âIt’s good to see more families coming and needing places to live in Eddy County, I think that helps everyone,â he said.
Eddy County’s unemployment rate in September was 5.1 percent, according to data from the New Mexico Department of Labor Relations. New Mexico’s unemployment rate was 5.8 percent.
Mike Smith can be reached at 575-628-5546 or by emailing [email protected] or @ArgusMichae on Twitter.