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County requests sale documentation after owner says he overpaid for former Macy’s at Metro North Crossing
Summary
An owner reportedly paid $6.7 million last year for the former Macy’s parcel; county staff said the claim requires a settlement statement or deed evidence and noted a June 2025 loan of $9.7 million related to the property.
A recent purchase of the former Macy’s at Metro North Crossing drew scrutiny at an appeals hearing after a representative for the buyer said he paid $6.7 million and that brokers believed fair market value was closer to $4 million.
Why it matters: If the purchase price is a non–arms-length transaction or reflects special circumstances, county staff said they cannot accept an unsupported owner assertion without settlement documentation; loan and…
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