Local developer to renovate Magnolia Point in Five Points South

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Magnolia Point
The Magnolia Point building at the corner of 23rd Street South and Magnolia Avenue South. Photo via Jacob Blankenship for Bham Now

A historic, 1930s-era commercial building in Five Points South is getting a facelift. Capstone Real Estate Investments plans to renovate the Magnolia Point building for a series of retail and entertainment businesses after purchasing the property earlier this year.

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