Big news from Curbed:
It appears that the new owners of the Palladium on Hollywood, between Gower and Vine, are planning two enormous mixed use towers for the parking lots located behind the theater, a la Millenium Project (by the looks of it).
Work on the new Urban Village residential development, located on Olive between Olympic and 11th, is underway, is progressing rapidly, with construction slated to commence in early September.
Demolition begins this week on the buildings currently occupying the site of a planned 18 unit townhouse development on Vestal and Baxter in Echo Park. Construction on the new homes will commence soon thereafter.