A nonvolatile memory array architecture includes a resistive element between each common source/drain (intermediate) node and data line (or bit line), in an otherwise virtual ground-like memory array having serially-connected transistors coupled to the same word line. However, every N+1 transistors the corresponding resistive element is omitted (or generally kept in a low resistance state) to form transistor strings. This achieves an array density of 4F2*(N+1)/N, which approaches 4F2 array density for reasonable values of N. Such memory arrays are well suited for use in a three-dimensional memory array having distinct memory planes stacked above each other on multiple levels above a substrate.