63-unit residential new construction, zoned RM1.
A 63-unit residential building is set to rise at 1015 S 3rd St in Bella Vista & Queen Village, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Oct 7, 2026.
The 17,047 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2026. The plans call for new construction of a four (4) story building with basement, common roof deck and pilot houses for use as sixty-three (63) dwelling units (utilizing mihb & green roof bonus) as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. *2018 ibc review* **separate permits required for excavation, mep & fire suppression work**.
The owner of record is Summer Corner LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
It isn't rising in isolation. Within a half-mile, 2 other major projects have broken ground since 2022 — roughly 166 units of new supply — including the 9-unit project at 608 S American St, the 157-unit project at 419 Bainbridge St. That kind of concentration is exactly what pulls land values, and buyer attention, toward a block.
We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 42 under-built parcels within a half-mile that a developer could still acquire and build — each carrying a builder's max bid. Addresses and figures are members-only.
Unlock the 42 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.