Gradle failed to restore: Unable to find method 'org.gradle.api.file.ProjectLayout.directoryProperty

The issue was that I upgraded to Android Studio v4, and seem like the download project was created using Android Studio v3. After go to

File/ Project Structure.../

And change the Android Gradle Plugin Version from 3.3.1 to 4.0.1 and now project loaded fine. Not sure why Android Studio v4 is not backward compatible with Gradle version 3.