City unveils new ‘visionary’ neighbourhood – Capstone at Riverlands

“See yourself here.”

The three words have been plastered on sidewalks around the city for weeks inviting residents to be in attendance for a special unveiling to occur Wednesday, August 23.

Today, the City finally unveiled Capstone at Riverlands, the city’s newest neighbourhood described as ‘a visionary community’ in the heart of Red Deer.

“Capstone will create a unique experience in Red Deer,” said Mayor Tara Veer. “The name means crowning achievement and culmination, which speaks to the essence of the neighbourhood. By giving Riverlands a distinguished new persona, we are officially welcoming a new era of this district, allowing us to turn the page from planning to implementation of a vision twenty years in the making.” 

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The next step is the marketing and sale of the 25 hectares of City-owned land within Capstone. That work will begin this fall.

“The City’s vision is about downtown expansion, revitalization and economic development. It is about building a new mixed-use area. It is about community cultural and recreation spaces,” said City Manager Craig Curtis. “Much has already been achieved in Capstone at Riverlands, and this continued redevelopment is an exciting step in the future of downtown Red Deer.”

Redevelopment of Capstone will last many years and include a mix of condos and townhomes, commercial development including hotels, office space, shopping and dining, riverfront gathering areas, cultural facilities, artist studios and eventually a bridge linking the neighbourhood to Bower Ponds.

Area redevelopment was finally given council approval last December after close to 20 years of planning.

More information on Capstone at Riverlands is at www.liveincapstone.ca.