Last month, the Los Angeles Daily News reported that construction is finally underway for a mixed-use development at the site of the paper's former headquarters.

The project from Fairfield Residential, located on a 4.5-acre site at 21221 Oxnard Street, will consist of 379 apartments in a sprawling five-story complex.  Previous reports have budgeted the development at $70-million.

A rendering from Architects Orange portrays a contemporary design highlighted by a glass tower element.

The second phase of the project, which does not have an announced timeline, would create a seven-story office tower on the property.

Directly across the street, plans were recently filed for a similar development consisting of apartments, a hotel and a medical office tower.