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!