Niles Post Office Apartments
Niles, MI
The Niles Post Office Apartments is 63-unit workforce housing project in downtown Niles, MI. The project involved the rehabilitation of the City’s historic post office and the new construction of two buildings which encompass apartment units and commercial space. The project opened in the beginning of 2021 and was significantly leased by early Spring. The commercial space in the project is fully leased to Near North Title and Elara, a national provider of home-based health care. This is General Capital’s third affordable housing project in Niles. General Capital developed and currently owns the Berkshire Niles and the Four Flags Plaza Apartments in Niles, MI. The project was financed with tax credits from MSHDA and a conventional first mortgage and received a PILOT from the City of Niles.