Bridgewater Associates, the Westport-based hedge fund, plans to build a 750,000-square-foot campus on Stamford’s waterfront, under an economic development agreement with the state announced today.
Photo of a conceptual drawing of Bridgewater Associates planned headquarters on Stamford’s waterfront, boosted by state aid up to $115 million. Photo by Brian Dowling/bdowling@courant.com.
Construction of the $750 million facility, which would include two buildings, is expected to be completed by 2017, according to Gov. Dannel P. Malloy’s office.
Read more here about today’s announcement, and details of the state aid package reported by my colleague Brian Dowling.
Currently, Bridgewater occupies five buildings in and around Westport.
The project is “subject to customary approvals and additional due diligence on the site,” Malloy’s office said.
The planned buildings were described as energy-efficient and sustainable and would open to the waterfront in the city’s Harbor Point development. Trees would be planted to “reforest” the land with the goal of creating a “park-like campus.”
The public would have access via an esplanade along the waterfront.
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One Response to Hedge Fund To Build Major Campus In Stamford
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$1000/sf?? At $200/sf it would be a very expensive building. You only see those ridiculous prices in a public project like a busway or Metro North garage.