BROOMALL–The old Pathmark building off of Lawrence Road in Marple Township still stands vacant after officially closing its doors in October 2010.
Negotiations between the site's developer, Paul de Botton of National Realty Corp., and Crozer-Keystone Health System to develop a medical center at the site have since been suspended since December of last year.
Since its closing last year, Marple Township Third Ward Commissioner Jim Balk announced at a commissioners work session meeting on Nov. 9 that the original price tag of the Pathmark plot was estimated around $7 million to $7.5 million, in which the value has dropped to around $3 million in its succeeding months.
Balk suggested that the commissioners continue to keep an eye on the price tag of the site for any future community developments for the township such as a recreational facility.
"It looks like the price tag now is down to like $3 million," said Balk. "I think we should keep our ear to the ground on this thing because if it continues to drop, I think it would make a nice recreational facility for the township."
Due to the large plot of land and its former grocery store habitant, Balk said the site could provide plenty of parking for the recreational facility, including its current underground parking lot, as well as possibly converting part of its existing, front parking lot to baseball and soccer fields.
"It might be a bargain for us, especially with these economic times now," said Balk. "The township could get a ond at a very good rate. I think we should keep our stethescops out on this issue."