Local developer to renovate Magnolia Point in Five Points South

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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