After securing $39.6 million in construction financing, 31 Milk St. is slated to be converted into 110 apartments with all-electric building systems, Banker & Tradesman reported.
Despite the transformation, the nearly century-old office building in downtown Boston will retain much of its historic character.
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Miami-based S.USA Life Insurance Co. provided the financing to Newton-based Dinosaur Capital Partners, which is converting the office building into housing.
Banker & Tradesman reported the proposal set aside 20% of the apartments as income-restricted, and the ground-floor U.S. Post Office branch is expected to keep operating during construction…