841-51 S 2nd StDelivered

A 42-unit residential building is set to rise at 841-51 S 2nd 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 21, 2021.

The 2,957 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2016. The plans call for new construction of a four (4) story building with common roof deck and pilot houses for use as shell commercial spaces (use registration & fit-out permits required prior to occupancy) and fourty-two (42) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. work to include temporary sheeting and shoring installation. fire watch required per code bulletin f-2001. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 10/16/22 amend new construction permit no. cp-2021-005922 for changes to building layout as per approved plans. amendment approved 11/15/23 amend new construction permit no. cp-2021-005922 for changes to building layout including locations of dwelling units (no change in number of units) as per approved plans. .

The owner of record is Beck Street 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?