To take a walk down Downtown Los Angeles’s Figueroa Corridor these days is to behold a sea of construction cranes.

The entire area is currently being transformed by rising crop of transit-accessible high-rise luxury towers. One of the biggest changes coming to the area will be the recently-proposed Figueroa Centre tower project by architects Callison RTKL. The designers recently revealed a second rendering for their new 66-story tower which, if completed according to plan, will become not only the third-tallest structure in Los Angeles, but also the tallest residential building in the region. The project is slated for 200 condominium units, 220 hotel rooms, and 94,000 square feet of retail spaces.

The new tower—it will be located at 925 S. Figueroa Street and rise 975 feet—is part of the large-scale effort to make Los Angeles a better draw for large-scale trade and professional conventions by boosting the overall supply of rental housing and hotel rooms in the areas surrounding the Los Angeles Convention Center and L.A. Live complexes. The city is currently planning to add 8,000 new hotel rooms to those areas, a boom that over the next few years will add a new wing to Downtown Los Angeles’s fledgling skyline. For the most part, the new towers are being built above existing surface parking lots.

Up until recently, the city’s downtown skyline was made up mostly of high-rise office towers built in the late 1980s and early 1990s. Over the next ten or so years, however, roughly 20 new towers are due to sprout along Figueroa Street alone, from the foot of L.A.’s newest, tallest tower—the 1,018-foot-tall, A.C. Martin-designed Wilshire Grand Hotel—to the southernmost flank of Interstate-10. Several of those projects are already well under construction, including the Callison RTKL-designed Oceanwide Plaza complex, a $1 billion project consisting of a trio of towers rising between 40- and 49-stories in height. The podium levels of that project are quickly rising out of the ground. Ultimately, the project will contain 150,000 square feet of shopping areas, 504 condominium units, and a 184-key hotel. The twin, 36-story tall Circa towers by Harley Ellis Devereaux are nearly topped-out, according to a time-lapse camera perched over the site. Crews at the Circa site have been snapping curtain wall elements into place over the last few weeks, while crews at the Metropolis project have finished one of that project’s four towers are and are making quick work of the remaining three.

A timeline for the Figueroa Centre project has not been announced.