Pantazelos said this is his first project since the 2009 downturn in the real estate market. He said he sees a future not so much in commercial but in residential construction.
“I think the future is in the apartments,” Pantazelos said. He’s also looking to develop a 16-lot housing development on 5 acres on Archer Street in Swampscott.
The church building on Holten Street is the former home of the Holy Trinity United Methodist Church on Sylvan Street, which in 1958 moved to its present church after the deterioration of its building during the Depression, according to a history of the church on its website. The final service was held in the old church on March 23, 1958. On Palm Sunday, a week later, members processed from the old church to the new one carrying the church’s possessions with them.
Town Archivist Richard Trask bemoaned the loss of the Holten Street church building. He said it dates to the 1870s, and it formerly had Gothic spires and other ornate decorations that were removed as they deteriorated over the years. Several years ago, Trask researched the building for a developer looking into buying and restoring it, but the cost was too high.
“I feel bad they can’t do an adaptive reuse for it,” Trask said, “because it is a benchmark property in Tapleyville.” Tapleyville was once a home to carpet manufacturing in the 1840s and 1850s, Trask said, with the Tapley family importing weavers from Scotland and England. The village later became a center for lamp and shoe making.
Staff writer Ethan Forman can be reached at 978-338-2673, by email at firstname.lastname@example.org or on Twitter at @DanverSalemNews.