Last year's big hole in the ground is now a six story apartment building. Not quite finished, but the main structure is there.
What surprised me is that they started building in concrete, for the parking garage and main floor, and then proceeded to put chip-wood apartments on top of that. It's almost as if the builder constructs a $40M garage with a million dollar worth of apartments on top. People told me this probably has to do with earthquake hazards. I guess a wooden structure is safer in this respect. I doubt it will last very long though. Only the bottom floor and the elevator shaft seem to have been built as solid structures, and cheap wood for the rest of it.
This is what it looks like today, photographed with my Fujifilm X100 and perspective corrected in Gimp.