It seems like only yesterday that we learned of a new skyscraper headed for Downtown, this one adding to the roster of tower projects not in the Financial District or South Park, but in the Historic Core. (That actually did happen just yesterday.) Today, we have our first glimpse of the glassy, 33-story giant, designed by TCA Architects, and set to loom above Grand Central Market and across the street from the Angels Flight funicular.

The VP of Development for Equity Residential tells Curbed that the 428 units in the building will be rentals, and that residents will enjoy a ninth-floor amenity deck (pool, spa, barbecue, outdoor communal space), as well as a "sky lounge" on floor 33.

That light emanating off the top of the building, referred to in renderings simply as 4th & Hill, is a "beacon" that should be visible from "all over LA." On the ground floor, the existing Metro subway entrance will remain, and the building will "hover" over it; the ground level will also have a modest amount of space (about 2,900 square feet) for retail, though Equity says it's too early to say whether that will go to one tenant or multiple.

The soonest the project would begin construction would be early 2016, and from there work would probably take about two years.

· 33-Story Tower Could Rise Right Next to Grand Central Market [Curbed LA]