Colliers is pleased to present 527 Colyton Street, a premier block-to-block development opportunity spanning 59,967 square feet in one of the most sought-after locations in the Downtown Los Angeles Arts District. Situated in the epicenter of creativity, culture, and rapid growth, the property offers a rare canvas for transformative development. There are currently proposed entitlements for a 21-story, 346-unit mixed-use development – the Prospective Purchaser has the ability to move forward with the proposed high-rise vision or reposition the site for a mid-rise alternative to better suit their development strategy. The property’s entitlement application was submitted before the implementation of Los Angeles’ Measure JJJ. As a result, future development is not subject to prevailing wage requirements or the increased affordable housing mandates imposed by JJJ. This significantly reduces construction costs and increases project flexibility, offering a rare benefit in today’s regulatory environment. The property features an existing ±11,000 square foot leased structure that provides income. Additionally, the large on-site parking area presents opportunities for supplementary revenue through parking operations and film production uses while entitlements are in progress. 527 Colyton presents a compelling opportunity to shape the future of the Arts District with a bold, highly visible project in one of Los Angeles’ most dynamic urban neighborhoods.