You may have observed considerable activity throughout Capstone. The movement of trucks and the operation of heavy machinery, signal the commencement of an impressive new development. We are pleased to announce that Premiere at Capstone is officially underway.
The City of Red Deer has sold a 1.74-acre site (M1 and M2) in the heart of Capstone to K&H Developments and High-Rise Properties following a competitive RFP process. These partners bring a proven track record of quality, design excellence, and local expertise to Red Deer’s evolving downtown.
The Premiere at Capstone, project will introduce over 119 modern new apartments, contributing to the city’s growing and diverse housing options. Site work is already underway, with residents expected to move in sometime in 2026.
This milestone marks another major step forward in transforming Capstone into the vibrant, mixed-use urban community; a place where people can live, work, and connect. The development aligns with The City’s commitment to sustainable growth, active public spaces, and a revitalized downtown.
Confidence in Capstone continues to build momentum, with multiple projects now completed or underway including The Alex, Cityscape @ Capstone, and more. Driven by steady population growth and a tight housing market, these developments demonstrate growing market confidence and investment in The City’s long-term vision.
Capstone is on the rise and Premiere at Capstone represents an exciting next step in shaping Red Deer’s future urban living experience.