Market Insights  /  Bella Vista & Queen Village
Development Watch · Bella Vista & Queen Village

713-15 S Mildred StDelivered

10-unit residential new construction, zoned RM1.

A four-story, ten-unit building at 713-15 S Mildred Street has been delivered in Bella Vista, adding another modest infill project to a corridor that's seen steady small-scale development over the past few years. The structure, cleared to build in April 2023, sits on a 3,456-square-foot lot and includes two private roof decks with access structures. Mildred Street Development LLC acquired the site in 2022 and moved through a by-right RM1 approval—a zoning designation that allows multi-family residential without the need for variances or special hearings.

The project required underpinning and temporary shoring, suggesting construction on a tight urban lot with close adjacencies, and the scope called for full NFPA 13 sprinklers and standpipes. An amendment approved in September 2024 tweaked the building layouts, a common midstream adjustment as developers refine unit configurations to meet market demand or construction realities. The result is a straightforward mid-rise that fits comfortably within the neighborhood's existing scale and character.

This delivery adds to a broader pattern of small- to mid-sized projects reshaping the blocks between Broad and the Delaware. Within a half-mile radius, nearly 250 units have been built or are under way, including a 157-unit project at 419 Bainbridge and a 45-unit building at 614 S 13th. The Mildred Street site is part of a cluster of infill development—nearby projects at 825 Bainbridge, 769-75 S 10th, and 608 S American range from nine to 15 units—each chipping away at the neighborhood's remaining vacant or underbuilt lots.

The success of these small LLCs working at the ten-unit scale underscores the continued appeal of RM1 parcels in Bella Vista, where land assembly isn't always necessary and by-right zoning keeps timelines predictable. With Mildred Street now complete, attention will likely shift to similar lots along the corridor's southern edge, where developers can replicate this formula without the complexity of larger assemblages or rezoning fights.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
10
Zoning
RM1
By-right envelope
~4 stories
Lot
3,456 sq ft
Last sale
$1.3M · 2022
Cleared to build
Apr 11, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 48 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.

~66buildable units
████████ Street
CMX2 · 0.18 mi away
Max bid to a builder $5.0M · Opportunity Score 100
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~104buildable units
████████ Street
CMX2.5 · 0.35 mi away
Max bid to a builder $7.9M · Opportunity Score 100
Unlock →
~104buildable units
████████ Street
CMX2.5 · 0.36 mi away
Max bid to a builder $7.8M · Opportunity Score 99
Unlock →
~60buildable units
████████ Street
CMX2 · 0.34 mi away
Max bid to a builder $4.5M · Opportunity Score 99
Unlock →
~40buildable units
████████ Street
RM1 · 0.40 mi away
Max bid to a builder $3.0M · Opportunity Score 99
Unlock →
Unlock the 48 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

15u825 Bainbridge St0.05 mi
13u769-75 S 10th St0.17 mi
157u419 Bainbridge St0.31 mi
45u614 S 13th St0.43 mi
9u608 S American St0.48 mi
10u1116 S 12th St0.49 mi
Progress

How this project is moving

Cleared for occupancy ~100% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.