NEW YORK — A developer is seeking to recover some of the $6 million that it invested in an effort to acquire a Pathmark site in lower Manhattan that had been the subject of community protests, according to reports.
CPS Operating Co. here had been seeking to buy the site, where it planned to build a condominium complex, when Pathmark was acquired by A&P in 2007.
Local residents had complained that the store was needed in the community, and the deal was never completed.
The developer had a suit pending with Pathmark before A&P filed bankruptcy last year, and is now seeking a refund from the beleaguered Montvale, N.J.-based operator. It said the deal fell through because it was unable to get approvals from New York City, the Wall Street Journal reported.
A&P could not be reached for comment.