Colliers is proud to present One Twenty-One, a premier corner development opportunity located in the vibrant heart of Downtown Los Angeles’ Historic Core. Designed by world renowned architecture firm Gensler, this fully entitled project calls for a luxury 15-story, mixed-use development featuring 331 residential units, including 37 affordable units set aside for Very Low Income (VLI) households. The project includes ± 6,350 square feet of ground-floor retail and an exceptional lineup of on-site amenities, including a rooftop pool and deck, resident lounge, and state-of the-art fitness center. This premier corner parcel offers excellent street visibility, unmatched walkability, and the opportunity to deliver a transformative, design-driven community in one of Downtown LA’s most energized neighborhoods. The property benefits from an in-place lease expiring in 2041, with a provision allowing termination upon commencement of construction on the site, offering a prime covered land development opportunity.