Best Real Estate Projects: SixSixty at DoCo

SACRAMENTO BUSINESS JOURNAL

By Beth Davis – Contributor

Sep 19, 2022

The developers of 660 J St. have been taking a gamble.  

In August 2020, when Covid was crushing the demand for Downtown office space, RevOZ Capital and Argosy Real Estate Partners bought the mostly vacant 1980s office building at the corner of Seventh and J streets. They gutted the interior, upgraded the building's operating systems, and reskinned the exterior, betting that when the market picked up, quality office space would be the most desirable.

The vision was to “foster an environment that will attract employees back to the physical workspace,” said Alex Bhathal, founder and managing partner of RevOZ. That meant creating a Class A office building that offers a “smarter, healthier and versatile workplace for the modern post-Covid office world."

Renamed SixSixty, the developers view the building as the capstone of the Downtown Commons retail area, the Golden 1 Center and the Kimpton Sawyer Hotel. Argosy and RevOZ bought the four-story, 120,000-square-foot building for $20.2 million from a subsidiary of Sacramento Basketball Holdings LLC. Bhathal is a co-owner and executive director of the LLC, which owns the Sacramento Kings.