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

419 Bainbridge StUnder construction

157-unit residential new construction, zoned CMX3.

Rendering of 419 Bainbridge St — 419 Bainbridge St - Alterra Property Group
419 Bainbridge St - Alterra Property Group
Rendering of 419 Bainbridge St — New Construction Retail Space - Equity CRE
New Construction Retail Space - Equity CRE
Published renderings · via alterraproperty.com. Shown for informational purposes; rights belong to the original creator.See the source →

A seven-story, 157-unit residential building is under construction at 419 Bainbridge Street in Bella Vista, claiming a roughly 29,600-square-foot lot and positioning itself as one of the larger mid-rise additions to a stretch better known for rowhouse conversions and scattered infill. The project includes two ground-floor retail bays and a roster of amenities—parking, a roof deck, and shared common spaces—spread across the upper six floors. Bainbridge Development Owner LLC, which picked up the site this year, cleared the way to build in mid-March and has since amended the design to tweak floor layouts and elevations, a typical sign of value-engineering or tenant feedback in play.

The CMX3 zoning here allows mid-rise density by right, and the developer is using every inch of it. While the parcel is unusually deep for this part of Bella Vista, the scale isn't wildly out of step with the corridor's trajectory—though it does dwarf the typical three- and four-story conversions that dominate the immediate blocks. The retail component is a nod to Bainbridge's role as a neighborhood spine, though two separate commercial spaces will need their own certificates of occupancy before they can open, meaning final tenant mix remains to be seen.

This project lands amid a modest but steady wave of nearby residential development: 47 units are either delivered or in the pipeline within a half-mile, including a 15-unit building at 825 Bainbridge and smaller projects on American and Mildred. None approach the 157-unit scale here, which suggests Bainbridge Development Owner is betting on absorption capacity that smaller players haven't tested. The question isn't whether the market can handle another hundred-plus units in Bella Vista—it's whether two retail storefronts on a increasingly residential block will fill as easily as the apartments above them.

For nearby underused parcels, especially those with CMX3 or similar zoning, this project sets a clear precedent: deeper lots can justify taller, denser construction without requiring variances or extensive community negotiation. Expect other assemblage-ready sites along Bainbridge and the surrounding grid to draw closer scrutiny from investors who've been waiting to see whether a project of this size could move forward without friction. The amendment suggests flexibility in design, but the fundamentals—location, zoning, and unit count—remain locked in.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~7-story by-right envelope, not the developer's design.
Units
157
Zoning
CMX3
By-right envelope
~7 stories
Lot
29,610 sq ft
Last sale
2025
Cleared to build
Mar 19, 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 49 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 · 0.32 mi away
Max bid to a builder $5.0M · Opportunity Score 100
Unlock →
~40buildable units
████████ Street
RM1 · 0.27 mi away
Max bid to a builder $3.0M · Opportunity Score 99
Unlock →
~163buildable units
████████ Street
RM1 · 0.18 mi away
Max bid to a builder $12M · Opportunity Score 99
Unlock →
~151buildable units
████████ Street
RM1 · 0.30 mi away
Max bid to a builder $12M · Opportunity Score 99
Unlock →
~104buildable units
████████ Street
RM1 · 0.42 mi away
Max bid to a builder $7.6M · Opportunity Score 98
Unlock →
Unlock the 49 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.

9u608 S American St0.17 mi
10u713-15 S Mildred St0.31 mi
15u825 Bainbridge St0.35 mi
13u769-75 S 10th St0.48 mi
In the news

What we're hearing about this project

Alterra acquired the site in April 2025 and commenced construction in June 2025, with completion expected in Q2 2027.
Two retail spaces (1,620 SF and 3,953 SF) are available for lease beneath the 157 residential units.
Renderings by Bernardon were revealed in February 2022 for the seven-story, 157-unit mixed-use building.
The building facade will feature red brick, grey brick, HardiePlank lap siding, and metal panels.
News items are compiled automatically and may be approximate — verify before relying on them.
Progress

How this project is moving

Interior systems ~64% 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.