On Wednesday, Governor Dannel P. Malloy of Connecticut announced that the asset manager would be constructing a state-of-the-art facility along the Stamford waterfront as part of an economic and community development initiative. As part of the program, which will give the firm as much as $115 million in incentives as part of the deal, Bridgewater has also promised to add another 750 to 1,000 new high-level jobs to its current staff of 1,225…The new offices will have about 750,000 square feet spread across two eco-friendly buildings that will front the water in the Harbor Point development area. Bridgewater has promised to clean up the contaminated site and reforest the area, creating a park-like campus for its employees with public access. “We are pleased that the State of Connecticut shares our vision of creating a state of the art and environmentally sustainable office campus, while also restoring this key piece of natural waterfront property in Stamford,” Greg Jensen, co-chief executive of Bridgewater, said in a statement. “We look forward to transforming this industrial site into a spectacularly beautiful forested campus that will be seamlessly integrated into the natural surroundings. The proposed campus will house all of our employees and be designed to facilitate creativity, collaboration and help reinforce Bridgewater’s distinct culture which has been so instrumental to our success.” [Dealbook]

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Comments (44)

  1. Posted by derpies | August 15, 2012 at 5:40 PM

    I can't prove it, but I am pretty sure a real-life bat-cave is getting built.

  2. Posted by RichardCripples | August 15, 2012 at 5:48 PM

    Headline 2 years from today: "Bridgewater Associates in Hot Water Over Release of Wild Hyenas and Wildebeests onto Campus."

  3. Posted by The_Analyst | August 15, 2012 at 5:58 PM

    Plenty of space for trust falls and other team building exercizes or whatever

  4. Posted by guest | August 15, 2012 at 5:59 PM

    Hey Ray, if you need any imaginary trees for your new forest give me a call.

    – John Paulson

  5. Posted by Guest | August 15, 2012 at 6:00 PM

    They better not bridge over the water.

    Lloyd Harbor, New York

  6. Posted by Kegels123 | August 15, 2012 at 6:06 PM

    Living in the rain forest while running a hedge fund is the NKI.

  7. Posted by Guest | August 15, 2012 at 6:12 PM

    Sounds familiar.

    Ghost of Jim Jones

  8. Posted by guest | August 15, 2012 at 6:45 PM

    Greg Jensen likes the smell of his own farts.

  9. Posted by curious george | August 15, 2012 at 6:45 PM

    will there be some water and a bridge in this forest?

  10. Posted by Guest | August 15, 2012 at 6:48 PM

    They should merge with UBS and create the world's largest spectacularly beautiful forested trading floor.

  11. Posted by Guest | August 15, 2012 at 7:35 PM

    Ray Dalio will rue the day his employees became able to live in the city. Once a sheltered child is exposed to the world, he never comes back to daddy.

  12. Posted by Zoroz | August 15, 2012 at 7:46 PM

    Underrated comment

  13. Posted by guest | August 15, 2012 at 9:58 PM

    sign of a top. they never ring bells at the top but they do build new office buildings

  14. Posted by guest | August 15, 2012 at 10:00 PM

    Er, do you really think there's much of a difference between working in Westport and working in Stamford, with regard to living in NYC or not?

  15. Posted by guest | August 15, 2012 at 10:23 PM

    dare I say that Stamford is rebounding?

  16. Posted by Guest | August 16, 2012 at 8:27 AM

    What they don't tell you, is 900 of those 1000 people will be looking for a new job in 18 months. Thanks again Malloy!

  17. Posted by Jim Jones | August 16, 2012 at 8:29 AM

    Shit, if I'd known I could have gotten subsidies it all would have turned out differently

  18. Posted by Nick Lachey | August 16, 2012 at 8:56 AM

    I have a bad feeling about this.

    – Alan Parrish, Jumanji

  19. Posted by @eiddyman | August 16, 2012 at 9:09 AM

    Bingo. That's a lot of square footage for 1200 people. Even with all the gear.

  20. Posted by Guest | August 16, 2012 at 9:33 AM

    I'm not really passionate about macroeconomics or real estate development but this sure feels like a big project and a shit load of space for a firm that is a basically cult of personality.

    Ben "Muffin Man" Gifford

  21. Posted by @JaeStClair | August 16, 2012 at 10:36 AM

    'The new offices will have about 750,000 square feet spread across two eco-friendly buildings that will front the water in the Harbor Point development area."………………that's a heck of a lot of land (grab) for such an entity…..must be nice to be such an entity and have the governor give it in such a way…….

  22. Posted by Guest | August 16, 2012 at 10:42 AM

    UBS needs to merge with a forest to survive.

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