Cason Development Group has acquired a marquee corner at Harden and Devine streets in Five Points for future redevelopment.
The Columbia-based company is evaluating long-term plans for the 5,200-square-foot property that currently houses Men’s Wearhouse at 701 Harden St., Carolina Barber Shop at 2021 Devine St. and Sushi Yoshi at 2019 Devine St. The property is across the street from the former Yesterday’s Restaurant & Tavern, a longtime Five Points landmark that closed last spring.
“We have a long-term outlook on Five Points,” Taylor Wolfe, a developer with Cason Development Group, said in a news release. “Investing in Five Points is something we want to continue to do, and with the city’s focus and tax credits that are available, we believe we have the tools necessary to be a part of that positive shift.”
NAI Columbia broker Alex Johnson represented Cason Development Group in the property purchase.
“We are very excited about the opportunity to transform this iconic corner of Five Points and set a new long-term trajectory for this asset and the rest of Five Points,” Frank Cason, president of Cason Development Group, said. “Five Points appears to be at a critical inflection point, and we want to be a part of the solution to create a sustainable urban district for the next 50 years.”
The property is the second Five Points acquisition for Cason Development Group, which purchased 732 Saluda Ave., former home of Pecknel Music Co., in 2019 for redevelopment.
Harden and Devine streets intersect with Saluda and Santee avenues at angles to create one of two star-shaped intersections that give Five Points its name.
“The fact that it is one of the actual Five Points spurred our interest in the property,” Wolfe said.
Cason has memories of visiting Sharpe’s Formal Wear, now Men’s Wearhouse, growing up, and of going to Carolina Barber Shop with his grandfather.
“This is an important corner to us and to Columbia,” Cason said.