Capstone: A Thriving Community Ready for Your Vision
Capstone is quickly becoming Red Deer’s most vibrant, connected community, and now, Parcels H1 and H2 – spanning just over 1.5 acres - are available for sale. As the only parcels that front both the Red Deer River and Canada 150 Square (the main public gathering space in the community), these sites present significant potential for a dynamic mixed-use development that could incorporate a blend of residential, commercial and potentially institutional uses.
Don’t miss this opportunity to invest in Capstone’s future.
Review the Capstone Land Sale Information Package (Parcels H1 and H2) (pdf) and submit your proposal by July 11, 2025, to be considered for these prime parcels.
Next steps following proposal submission:
The City of Red Deer will carefully review all proposals and meet with developers to discuss their plans. After these meetings, an internal review will determine how each proposal aligns with the City’s goals and the Capstone vision. Developers whose proposals best meet these objectives will be invited to begin formal discussions and negotiations.
Please note that the City is not obligated to sell any parcels if proposals do not meet the required criteria and community objectives.
Supplementary Information
Capstone Parcel Map (pdf)
Capstone Area Redevelopment Plan (pdf)
Developer Brochure
Capstone 3D Visualization Video