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The mixed-use neighbor to Silver Laker's Micheltorena Stairs is now excavating its underground parking levels, per an update by photographer Michael Hayes.

The five-story building, a joint venture between Barth Partners and Barry Leddy Development, is billed as the first luxury condominiums to be built in Silver Lake in over a decade.  The completed development will feature 35 dwelling units, in addition to 2,000 square feet of ground-floor restaurant space with outdoor dining.

Killefer Flammang Architects is designing the $21.6 million project.

Image via Killefer Flammang Architects

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