Five Points South warehouse finding new life as 2200 Magnolia
REV Birmingham, HTC Profile, Posted on April 9, 2018 [link]
Anchoring a distinctive angled corner near Five Points South, the Family Services Laundry Building may have looked like an old brick warehouse to many passersby – but developer Mike Mouron saw potential as soon as he stepped inside.
The 92-year-old structure is one of three Birmingham projects that received a 2018 Alabama Historic Rehabilitation Tax Credit allocation. This development was awarded almost $1.67 million of the $12 million allocated for urban districts.
Mouron, founder and chairman of Capstone Real Estate Investments and a member of REV Birmingham’s board, has contracted Williams Blackstock to design and Stewart Perry to transform the space into 2200 Magnolia – a bright, airy office space that sister companies Retail Specialists and Retail Strategies will call home.
The Birmingham Business Journal describes Retail Specialists as one of Birmingham’s fastest-growing real estate firms, and Retail Strategies is its complementary consulting firm. The companies will occupy about 60 percent of the 30,000 square-foot space; Capstone is looking for the right tenants to fill other 12,000 square feet.