Nearly one year after we stopped by, wood framing is nearing its peak at 1546 N. Argyle Avenue in Hollywood, where Mill Creek Residential Trust is hard at work on its latest L.A. area apartment complex.

Modera Argyle, located at the southeast corner of Argyle and Selma Avenue, will eventually consist of a seven-story building featuring 276 studio, one-, and two-bedroom apartments and a ground-floor grocery store. Parking for 412 vehicles will be located in a subterranean garage below the street-level commercial space.

View looking southwest from Selma AvenueAC Martin

Mill Creek secured entitles for the project using density bonus incentives to permit greater height and floor area than would otherwise be allowed under zoning rules. In exchange, 13 of the apartments are required to be set aside as very low-income affordable housing.

AC Martin is designing the contemporary podium-type building, which will be wrapped with cantilevered balconies and mesh screens. Planned amenities include a courtyard swimming pool and an upper-floor terrace deck.

Construction of Modera Argyle, view looking west from El CentroUrbanize LA

Modera Argyle is on pace for completion in 2024.

The project is the latest in a long series of large apartment buildings to rise from the blocks surrounding Metro's Hollywood/Vine Station, including the 507-unit El Centro Apartments & Bungalows and a 287-unit apartment complex from Camden Property Trust. The site also sits just east of a former CBS radio broadcast facility, which Kilroy Realty has transformed into a mixed-use complex consisting of housing, offices, and retail, and directly north of parking lots serving the Hollywood Palladium, where developer Crescent Heights plans to build a pair of 28-story apartment towers.