Updated plans have been published for the five-story proposal at 83 Princess Street in Sausalito, Marin County. The project, named Glen Bank, aims to add just over three dozen condominiums to the city’s historic downtown district behind an existing 19th-century-built house. Matthew Shroder, co-founder of 1Money, a cryptocurrency technology company, is listed as the property owner.
Glen Bank elevation, illustration by Hunt Hale Jones Architects
The roughly 65-foot-tall structure is expected to yield around 39,300 square feet, including 26,400 square feet of housing and 12,870 square feet for the 34-car garage. Unit sizes vary with five one-bedrooms, 29 two-bedrooms, and five three-bedrooms.
Of the 39 units, four will be deed-restricted for very low-income households. The application utilizes Senate Bill 330 to streamline the approval process, but has elected not to utilize the State Density Bonus program. The project is looking to build up to base zoning.
Glen Bank vertical cross-section, illustration by Hunt Hale Jones Architects
Glen Bank facade close-up, rendering by Hunt Hale Jones Architects
Hunt Hale Jones Architects is responsible for the design. The firm describes the design philosophy as drawing from “turn-of-the-century seaside homes and hilltop manors that give Sausalito its timeless charm.” The exterior will be decorated with hand-crafted moldings, heritage color palettes, and balconies.
The 0.44-acre property is located along Princess Street between Bridgeway and Bulkley Avenue. The lot abuts the city’s other substantial proposal at 605-613 Bridgeway. Public records show the property sold last year for $2.2 million. Future residents will be just two blocks away from the Sausalito Ferry terminal.
Glen Bank existing house, image via Google Street View
The estimated cost and timeline for construction have not yet been shared.
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I did not have Sausalito on my SF YIMBY bingo card for this year. What’s next? Atherton?
Sausalito has a few higher density projects trying to squeeze there way through design and approvals. Feel like it’s a good sign that smaller cites/villages are making moves on infill and trying to adhere to housing goals.
Hideous, hopelessly out-of-scale, and preposterous. This is in the middle of Sausalito’s historic district. Wienernomics at work!
Seems like the perfect location to me. Glad to see both these projects moving forward!
Yeah. It doesn’t take much Googling to see that the scale of this proposal is in line with a plethora of other 4-5 story buildings in the area. I’m not sure why some posters insist on posting misinformation when facts are readily available.
The clueless is honestly comedic at this point.
Just sucks voices like Dean Preston ever managed to influence policy once upon a time…
If you could spend a little time not licking some cryptocurrency scammer boots, you would see that those buildings you mentioned aren’t actually in the historic district. This project on Princess Street, combined with the one that the crypto bro’s mother in law owns on Bridgeway would destroy the integrity of the downtown historic district. Not that you lot care…..because you’ve all been fed the neoliberal, trickle-down, techno-fascist lie.
Loser mentality.
Keeping any new housing from getting built in one of the most expensive towns in the world that has almost no housing affordable for working class people sounds waaaay more techno-fascist than allowing landowners to build new housing. I don’t know what world you are living in but for those of us that don’t own property in billionaire enclaves, the idea that protecting multi-millionaire’s views under the guise of historic preservation is the most techno-capitalist hellscape of a policy landscape that could exist. But sure, this will definitely ruin Sausalito as we know it. Maybe that’s a good thing?
If you’d ever even been to this place you’d realize what a disaster this project would be. But I have hope that it’s never going to happen.
Plenty of opportunities to develop in the Marinship neighborhood and along Bridgeway in North Sausalito, but you East Coast neoliberal transplants don’t know anything.
Actually, as a 5 story building, this seems quite in line with other 5 story residences already in the immediate vicinity. Check out the properties on 6 Bulkey Ave, 77 Bulkley Ave, and 96-104 Bulkey Ave, among numerous others.
Maybe if it weren’t so white it would tone down the impact of the scale. Just because the original was white at it’s smaller scale doesn’t mean it translates. Look at the mass of buildings on Treasure Island from the Bay Bridge.
Wiener is the devil! Why are we letting this east coaster ruin Ca?!
For sure. Vote for Connie Chan and send him back to Jersey.
Loser mentality.
Wiener is actually the devil. He’s a creep and is purposely creating a disaster here in Marin. He’s attacking safe, nice communities on purpose. He’s not from here so he could care less.