In Red Deer’s Capstone neighborhood, the development of a new 62-unit residential rental property named The ALEX is making significant strides as it moves ahead of schedule. The project is being developed by Sorento Custom Homes in partnership with High Rise Properties Inc., and it promises a modern and affordable housing option for future residents. The ALEX is expected to be completed in the second quarter of 2025, marking a milestone in the urban expansion of Capstone.
Current Construction Status
The progress of The ALEX is impressive, with most of the exterior walls now complete. Only a few upper-story windows and patio doors remain to be installed, a task anticipated to be finalized by the end of the month. Shingles have already been placed on the roof, and significant work has been undertaken on the plumbing, electrical, and HVAC systems. This forward momentum ensures that the project remains on track, promising potential residents a new home sooner than expected.
Underground Utility Work
The Capstone area is also seeing substantial progress in its underground utility work. Extensive efforts are being put into finishing the installation of these utilities by this fall, which is crucial for supporting future developments. These utilities will extend to parcels located in the northern section of Capstone, paving the way for ongoing projects and new ventures in the region. This strategic infrastructure development is key to sustaining the growth and revitalization of the area.
Rental Information
Once completed, The ALEX will offer a variety of one and two-bedroom rental units, making it an attractive option for a wide range of residents. With prices starting at under $1,000 per month, these units are positioned to be both affordable and desirable. Prospective tenants can keep an eye on the High Rise Properties website to receive updates and notifications about rental availability, ensuring they do not miss out on securing a spot in this property.
Future Developments
In Red Deer’s Capstone neighborhood, there’s significant progress on a new residential rental property called The ALEX, which is ahead of schedule in its development. Spearheaded by Sorento Custom Homes in collaboration with High Rise Properties Inc., the project aims to offer a contemporary, affordable housing option for future tenants. The ALEX, with its 62 units, is poised to be a major addition to Capstone’s urban landscape. The development is not just a construction project; it symbolizes a step forward in Capstone’s expansion, bringing modern amenities and a fresh architectural design to the area.
The ALEX is expected to be completed by the second quarter of 2025, promising to meet the growing demand for quality housing in Red Deer. The project is part of a larger vision to revitalize and expand the Capstone neighborhood, blending modern living spaces with the existing community fabric. Future residents can look forward to state-of-the-art facilities and a vibrant living environment. This initiative marks a pivotal moment in the region’s development, reflecting Red Deer’s commitment to growth and modernization.