A 48-unit apartment building, with 30 percent of the units set aside for rental under state “affordable” criteria, has been proposed for a Wilton Road property, near the Kings Highway North intersection.

The project is proposed for property just north of the site of the former Save the Children headquarters, where another development team is seeking approval to build a three-story building for luxury apartments and a commercial building, pending approval of a new zoning designation by the Planning and Zoning Commission.

The P&Z has scheduled it first review of the application to build the multi-family apartment building at 122 Wilton Road for its meeting next Thursday, beginning at 7 p.m. in Town Hall.

The applicant, Garden Homes Management, Inc., submitted a base proposal to build a 45,796-square-foot, five-story complex over structured parking with 39 one-bedroom units and nine two-bedroom units.

An alternate proposal calls for a 41,680-square-foot, three-story building over structured parking, which would house 45 one-bedroom units and three two-bedroom units.

In both proposals, 30 percent of the units, or 15, would designated as affordable under state housing law.

The 1.16-acre property is located about 150 feet west of the Saugatuck River. Kings Highway North is to the north of the site, tidal wetlands are to the east, a residential development is to the south and Wilton Road runs to the west.

It is owned by Jacob and Simha Levi, and in the 2015 revaluation was assessed at $403,200, with an appraised value of $575,960.

In the application, Garden Homes officials state they have independently investigated their ability to comply with the Connecticut Coastal Management Act, which is required given its proximity to wetlands. Environmental Planning Services, the consulting firm hired by Garden Homes, said, “EPS certified professional wetland scientists conducted site visits at several tidal stages in July and August 2014, and Oct. 23, 2015, in order to delineate wetlands and watercourse and characterize coastal as well as upland resources.”

In their study, the scientists found that “development of the site will not result in adverse impacts to coastal resources as defined in the CCMA.”

Garden Homes is based in Stamford and has built numerous housing developments with affordable units, including a 35-unit rental building in Darien in 2010, a 36-unit apartment building in Milford in 2014 and a 54-unit apartment building in Fairfield in 2014 — 30-50 percent of the units in those buildings are classified as affordable.