A view of the 1 Glendinning property from Ford Road. / Photo by Thane Grauel
A view of the 1 Glendinning property from Ford Road. / Photo by Thane Grauel

By Thane Grauel

WESTPORT — The new owner of the former Bridgewater Associates corporate campus at 1 Glendinning Place has submitted an updated plan to build single family homes on the property.

The original plan, filed in September 2023, would have added 14 single family homes. It encountered opposition from people living nearby, citing the bucolic area, traffic and sensitive environment and nature preserves that surround it.

The updated plan filed with the Planning and Zoning Commission on Jan. 18 scaled the number of new structures down to 10.

Eight would be “detached market rate single family homes,” the application states. Two more buildings would contain “three efficiency studios in each to house five special needs individuals and 1 support staff person.”

The office building would remain, and is being renovated for a tenant, according to the applicants.

The town is seeking a new moratorium from the state’s 8-30g affordable housing legislation, which gives developers considerable leeway when building in municipalities that haven’t met the state’s benchmarks for affordable housing stock.

“This project will provide 6 units, which equates to 12 moratoria points where the previous plan would have produced 2,” the application materials state.

The new plan from Glendinning Westport LLC.
The new plan from Glendinning Westport LLC.
The new plan from Glendinning Westport LLC.

Land-use consultant Rick Redniss is handling the application on behalf of the owner, Glendinning Westport LLC. One of the principals is David Waldman of David Adam Realty in Westport.

The roughly 16-acre property was acquired for $10.6 million on Sept. 1.  

“This is truly a one of kind, never to be replicated property which we are all very proud be working on,” Waldman told the Westport Journal in September.

His associates in the venture are Eric O’Brian, a managing partner, with Urbane New Haven, and Sachem Capital, the capital partner. They also have collaborated on the Bankside House condominiums on Wilton Road.

The corporate campus was created in the 1960s by Ralph Glendinning, and later was home to the world’s largest hedge fund, Bridgewater Associates, which has relocated its offices to the Nyala Farms office complex in Westport.

In addition to general development plan and permit approval, the project also would need the P&Z to pass a proposed text amendment to the town’s Design Development District regulations, which currently apply to the corporate campus.

The Glendinning campus is surrounded on three sides by property managed by the Aspetuck Land Trust. 

The Planning and Zoning Commission’s meeting Monday has been canceled. It meets next on Feb. 5. An agenda has not yet been posted, but so far it’s expected that the commission will discuss an 8-24 request for the Long Lots Sailing School at Longshore Club Park that evening.

Thane Grauel grew up in Westport and has been a journalist in Fairfield County and beyond for 35 years. Reach him at editor@westportjournal.com. Learn more about us here.