A rare opportunity in the heart of Red Deer


A new approach to life and business downtown.

  • Residential: condos and townhomes.
  • Commercial: hotels, office space, shopping and dining.
  • Green spaces: Riverfront gathering areas and water features.
  • Enhanced trail connections to Waskasoo Park.

Red Deer will continue to invest in infrastructure, so this significant opportunity reaches its full potential. Right now, Capstone at Riverlands is a blank canvas but soon it will be a valuable project for the entire city’s benefit.

The City of Red Deer is championing this ideal community to meet the demands of the people and unlock the potential of the Riverlands. Nestled along the riverbank and next to the growing population of the downtown core, Capstone is poised to be a vibrant urban cultural experience and a wise investment.

The Benefits of Red Deer

The City of Red Deer is looking for development partners who share their vision for this mixed-use community and who can execute on it. With a committed municipal partner in a thriving economic environment, Capstone at Riverlands is a sound investment.

Location, location, location

Red Deer is perfectly located 90 minutes between Calgary and Edmonton along one of the busiest highways in Alberta. That’s immediate access to 81% of Alberta’s population of over 4 million people.

An environment of growth

The City is committed to ongoing growth in infrastructure that will enhance the lives of its residents, and to foster development by eliminating barriers to investment.

A great place to return

Offering a strong and competitive tax environment, Red Deer enthusiastically welcomes and supports commercial enterprise and development.

Evenings come to life

With an ever-growing number of diverse businesses, and more events and entertainment options than ever before – downtown Red Deer’s popularity as an after 6 p.m. and weekend destination is reaching new heights.

More to come

As part of its ongoing investment strategy, The City of Red Deer’s economic development team and its partners actively seek to attract business, residents, major events and visitors. The city successfully hosted the 2019 Canada Winter Games, AUMA 2018, and the Hlinka Gretzky Cup 2018. Red Deer is also thrilled to welcome the annual Canadian Finals Rodeo, World Juniors 2021 and annual Agri-Trade Expo.

We encourage you to contact the Capstone at Riverlands Property Manager at 403-342-8106, if you would like to learn more about this opportunity.


Average Age

Population Density on the Rise

970 people/km²

Average value of dwelling


private dwellings, with a 95% Occupancy Rate

Median total income of couples

Red Deer $105,856
Canada $87,688

of dwellings owned

*Stats taken from 2016 Federal census and 2019 Municipal census.

Contact the Capstone property manager to learn more about this opportunity

Copyright ©2019 All rights reserved Capstone at Riverlands and The City of Red Deer.