GREENWICH, CT — The site of Post Road Iron Works, the Greenwich metal business that’s been in business since 1927, could be turned into a 125,000-square-foot apartment building and residential community, according to documents submitted to the town’s Planning & Zoning Department.

The proposal calls for the construction of 95 residential units in a four-story building in the existing footprint of the steel manufacturing plant at 345 W. Putnam Ave.

The property — 37 Oak St., 26 Hemlock Drive, 0 W. Putnam Ave. and 345 W. Putnam Ave. — is owned by Post Road Iron Works Inc., the Carriero family partnership and Janice Gasparrini, a trustee, the documents state.

“This best-in-class residential community will include high quality building design in keeping within the character of the town of Greenwich,” said Chip Haslun, attorney for the applicant, Hines Interests Limited Partnership, in the P&Z documents.

Hines Interests Limited Partnership is the contract purchaser and is a real estate investment and development firm.

There would be approximately 6,000 gross square feet of interior amenities including a gym, lounge and lobby, and common area working spaces as part of the project.

Outdoor amenities would include walking paths, a landscaped garden and a pool, the documents said.

Of the 95 residential units, 20 percent would be classified as “below market rate,” Haslun said. Half of those units would be affordable housing units.

The project would also include two levels of below-grade parking totaling 167 spaces.

A proposal to build a 355-unit residential building on the property was brought forward in 2016 and ultimately rejected by the Greenwich Planning & Zoning Commission.

The Greenwich Inland Wetlands and Watercourses Agency denied the application, too, and Post Road Iron Works appealed.

The appeal was rejected by a Superior Court judge in 2018.

Post Road Iron Works was founded by William Gasparrini Sr. in 1927, according to the business’s website.

Over the years, the business has worked on numerous projects in the NY metropolitan area, including the National Sept. 11 Memorial and Lincoln Center in Manhattan, and the New Yankee Stadium, the business’s website says.

The application does not mention what the future plans for the company would look like.

The application could go before the P&Z Commission on Dec. 12 for a pre-application review.

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