Developer Jon Hendel is a town resident and businessman who in 1994 formed the development company TerraMax in 1994, which has developed and managed several properties in New London County and in New York. He said his family has owned the Waterford property since the 1970s and he has wanted to develop it for years. Attorney Mark Branse of Hartford and others presented the development on Hendel’s behalf to the town’s Planning and Zoning Commission on Tuesday. Branse said the 35.5-acre property is undeveloped, forested and in proximity to commercial and industrial buildings. He said the development would have multiple stormwater basins and has received a permit from the Inland Wetland Commission, as there are wetlands along the south and southeast sides of the property. The Planning and Zoning Commission continues to review the application and likely will reach a decision by May 12.