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Allstate Ventures closes $145 million financing for New Rochelle, New York, apartments

Greystone provides loan for final piece of 524-unit Westchester Place project
The 315-unit Alary, depicted in a rendering here, opened in downtown New Rochelle, New York, in September. (CoStar)
The 315-unit Alary, depicted in a rendering here, opened in downtown New Rochelle, New York, in September. (CoStar)
CoStar News
January 28, 2026 | 4:15 P.M.

Allstate Ventures secured $145.3 million in financing to complete The Alary, the final phase of its 524-unit Westchester Place multifamily development near the Metro-North rail station in New Rochelle, New York.

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