L1 does not imply 120V outlet. It only implies 120V charging. J1772 L1 EVSEs do exist, although I must say that from a sturdiness point of view, I would expect a 120V outlet to do far better than a J1772 L1 station, and in the event of damage or just general wear and tear, it would be easier and cheaper to replace.
However, the Atlanta ordinance mentioned by the OP seems to only require "EV ready", not actual EVSE's or outlets, although it does require conduit, wiring and electrical capacity, the latter of which is probably what the OP is specifically concerned with: for the 40 spots, how much electrical capacity to install?
Yes, we would do a J1772 post mounted connector even for Level 1. The ordinance would allow us to put in only the infrastructure now, but we'd have to put in chargers later upon tenant request. The way we fund these projects doesn't provide for spending money later on like that. It would have to be done up-front. We also get an incentive of reducing the number of required parking spaces if we provide the connectors now.