A new tower crane has been raised high near the Capitol Records Building, heralding the latest change to Hollywood's once low-slung skyline.

Related California, the Irvine-based firm best known for the Grand Avenue Project, has started vertical construction for an 18-story apartment tower at the southwest corner of Yucca Street and Argyle Avenue.  The project, which is targeting a completion date in 2018, will offer 114 one-, two- and three-bedroom dwellings above 2,100 square feet of ground-floor commercial space.  Plans also call for a pool deck, a fitness center and a 201-car garage.

Designed by a team lead by LARGE Architecture and Marmol Radnizer & Associates, the 177-foot tower will feature alternating floor plates that create an undulating facade.

The property sits catacorner to the 16-story Argyle Hotel, which is also in the midst of construction.