More Toys “R” Us stores went up for sale. Here’s what’s moving in Another round of closing Toys R Us shops has been bid on. Successful bidders include Aldi, Big Lots and Ashley Furniture, according to court documents filed Wednesday. The toy retailer, which filed for bankruptcy late last year, had more than 800 locations […]
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.