Work is finally getting underway for a multifamily residential development on a prominent site in Hollywood.

Last week, heavy equipment arrived on-site on at 1840 N. Highland Avenue, an large parking lot located north of the Hollywood & Highland Center.  The property - which fronts Franklin Place, Highland, Las Palmas and Franklin Avenues - is slated for a podium-style apartment complex featuring 118 residential units.

Renderings from Arquitectonica portray a contemporary building framed by a metal exoskeleton.  The project features open space through external balconies and a podium-level pool and amenity deck.

The project is being developed by a limited liability company linked to the billionaire Jeff Greene.