Wrangler v3 Local Dev Broken

Anyone else getting these errors when trying to spin up local Pages with Wrangler v3?

⎔ Starting local server...
[mf:inf] Ready on http://0.0.0.0:8005
[mf:inf] - http://127.0.0.1:8005
[mf:inf] - http://192.168.15.56:8005
✘ [ERROR] [proxy]:

  <--- Last few GCs --->

  [2024:0x138040000]    11156 ms: Mark-sweep 2045.8 (2089.2) -> 2045.2 (2090.7) MB, 403.8 / 0.0 ms
  (average mu = 0.181, current mu = 0.012) allocation failure; scavenge might not succeed
  [2024:0x138040000]    11868 ms: Mark-sweep (reduce) 2047.8 (2091.4) -> 2047.4 (2089.9) MB, 499.3 /
  0.0 ms  (+ 122.3 ms in 31 steps since start of marking, biggest step 5.6 ms, walltime since start
  of marking 632 ms) (average mu = 0.149, current mu = 0.128

  <--- JS stacktrace --->




✘ [ERROR] [proxy]: FATAL ERROR: Reached heap limit Allocation failed - JavaScript heap out of memory

   1: 0x100387c40 node::Abort() [/Users/jmartins/.nvm/versions/node/v18.18.2/bin/node]


Running as wrangler pages dev --compatibility-date=2023-09-04 --port=8005 -- yarn nuxt with Node v18 and Nuxt 2 stack.
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