A developer and a local veterans organization plan to swap buildings near the Beverly train station in a move that could pave the way for further development of the Rantoul Street corridor.
Windover Construction plans to buy the North Shore Veterans Counseling Services rooming house at 3 Park St. and knock it down to build apartments and shops.
Meanwhile, the veterans organization will buy a building at 45 Broadway that had been slated for demolition until it was purchased by Windover in September.
“I think it helps them and it helps us,” North Shore Veterans Counseling Services board member Victor Capozzi said.
Windover, which has built two residential buildings on Rantoul Street and is about to construct a third, has long coveted the block directly across from the train station as an ideal location for development.
The Manchester-by-the-Sea company already owns three other parcels on the block. The purchase of the rooming house, which is the former Press Box barroom, would give Windover enough land to start building a “mixed use” project that includes residential and retail, said Lee Dellicker, the company’s president.
“I’ve had plans to do residential housing on that block for a long time but have not owned the whole block,” Dellicker said. “This is just one step further for me getting close to our vision of doing more residential and retail in that area.”
Dellicker said he does not know how big the project will be at this point in terms of the number of apartments.
The only parcel on the block not owned by Windover is the Casa de Lucca restaurant. Dellicker said the company probably will not buy that building.
“That’s a nice old historic building that I think we can work around and accomplish a project that will still be great for the neighborhood,” Dellicker said.