Palmetto
± 59,967 Land SF | 346-Unit Mixed Use Development | Arts District LA
Marketing description
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 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 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.
Investment highlights
- The property is currently leased, providing the Potential Purchaser with immediate interim income while pursuing entitlements.
- Well-suited for a transformative mixed-use project - ±59,967 SF of Land in the Arts District.
- Proposed entitlements for a 21-story, 346-unit mixed-use development.
- Potential for interim income through parking and film.
- Covered Land Development Site.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
