Scale’s $48M loan kicks off first phase of New Rochelle project
A block of New Rochelle is getting a new look, amid a larger transformation of the city’s downtown.
On a nondescript lot next to a humble, two-story brick building home to Green Heaven Cleaners, Allstate Ventures will erect a 14-story, 144-unit mixed-use building, financed by a newly issued $48 million construction loan from Slate Property Group affiliate Scale Lending.