With so much attention focused on the new Frank Gehry designs for Parcel Q, it's easy to forget that the Grand Avenue Project already has one residential building under construction.  The 19-story Parcel M Tower broke ground in late 2012, and is now topped out just south of the Walt Disney Concert Hall.  The Arquitectonica designed building carries a $120 million price tag, and is slated to open its 271 apartments late this year.  In the meantime, check out the Parcel M Tower's live webcam, which has focused on the project site since shortly after groundbreaking.  Perched atop the Colburn School, the camera provides a speedy time lapse video of the building's construction from ground level to its 215 foot apex above Grand Avenue.  Making a guest appearance in the lower right hand corner is the Diller Scofidio + Refro designed Broad Museum.  The $140 million project will share a pedestrian plaza with the residential tower when it opens, also in late 2014.


From the Web

Senior Affordable Housing Opens Near Orange County's Great Park

The two-building development features 157 apartments.

Developers Related California and FivePoint have opened a new affordable housing complex near Irvine's Great Park.  The project, called Luxaira, features 157 residential units catering to low-income seniors.  It is the second senior affordable development to be built in the Great Park neighborhoods by Related, FivePoint, and collaborator RCC Charitage.  To date, more than 500 affordable housing units have been built around the park in four separate projects.