The exclusive Marin County town of Tiburon would see its first large housing development in decades under a new proposal that calls for three buildings with a combined 127 rental apartments to be constructed downtown fronting Tiburon Boulevard.
Sonoma developer A&C Ventures Thursday submitted an application to replace a vacant Bank of America branch and parking lot at 1601 Tiburon Blvd. and 4 Beach Road with 77 apartments. Another 19 units would be constructed across the street at 1600 Tiburon Blvd., a former Mobile service station once home to Shark’s deli, which shuttered in 2014. Finally another 31 apartments would be built on the parking lot next to town hall at 1525 Tiburon Blvd.
A&C Ventures is partnering with San Diego-based developer Naturally Affordable Housing. The three buildings would include 20 affordable units. The median home price in Tiburon is about $3.1 million, according to ZIllow…