Drove by Parasol Park via Trabuco Rd today. You can see street signs slowly going up now in Parasol Park, but no construction yet. It was probably mentioned here already but Marine Way is closed for now, and they opened Trabuco Rd instead. The Sunday farmer's market @ Great Park seems to be getting a lot more traffic now that they smartly moved it to the entrance of the park.
I would buy here if it's doesn't turn out to be too noisy or dense. Nice walking distance to everything, but only 2 and 3 story condos, bounded by Ridge Valley & Trabuco. I imagine there will be tons of traffic through Trabuco as everything gets built out. (Sports fields, etc.)
Lastly I am really curious if it will actually open in "January 2017" given that some salespeople @ Beacon Park told me that they anticipate their build-outs to continue through most of 2017.