Land for Sale - Prime Development Opportunity in Capstone

Capstone is experiencing an exciting surge in development that is rapidly transforming the community into a vibrant downtown community.

2024 marked a major milestone, with key projects taking shape, bringing new retail, residential, and community spaces to the area. The opening of innovative businesses like Fetch Haus, Rise Bakehouse, and Bo’s Sandwich Club is helping to elevate Capstone’s retail landscape. In parallel, impressive residential projects such as The ALEX, with 62 condo-styled apartments, and the recently announced Cityscape @ Capstone, featuring 64 townhomes, further demonstrate the growing demand for urban living in this prime location. This momentum is setting the stage for even greater opportunities for developers to build on the area’s success.

Benefiting from its prime location along the Red Deer River, the master-planned community is surrounded by essential amenities like the Red Deer Regional Hospital, which is undergoing an impressive $1.8 billion expansion. Capstone’s accessibility to the downtown core, cultural and educational institutions, and the city’s growing green spaces makes it an ideal place for continued development. Parcels M1, M2, and M3, totaling approximately 3 acres, represent an exceptional opportunity to build on this success by adding more residential and mixed-use spaces to the neighbourhood. With land for sale in such a desirable location, developers are poised to capitalize on the high demand for urban living and commercial spaces in the area.

Parcels M1-M2-M3 offer the perfect canvas for a variety of residential options, including condominiums, townhomes, micro-units, student housing, and even senior living spaces. With demand and interest for both residential units increasing, these parcels are ideally positioned to meet the needs of the growing community.

The City of Red Deer has already invested heavily in the area’s infrastructure, with over $45 million dedicated to key improvements, including new roads, utility upgrades, and the development of public spaces like Canada 150 Square, the Riverwalk pathway, and the Green Spine. This significant investment, coupled with the area's ongoing growth, makes now the perfect time for developers to join the thriving momentum at Capstone and seize this incredible opportunity to grow.

We are inviting experienced residential developers to submit proposals for the acquisition and development of Parcels M1, M2, and M3 by March 31, 2025. These parcels are poised to play a central role in shaping Capstone’s future and continuing its transformation into a vibrant, connected community. More information including the M Parcel Land Sale Information Package can be found at www.liveincapstone.ca/landforsale. 

Don’t miss out on this exceptional opportunity to profit and be part of the exciting chapter in Capstone’s development!