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Applicant withdraws appeal over Fashion Square mall assessment
Summary
An appeal seeking a lower assessment for a large vacant department‑store space in Fashion Square Mall was withdrawn after assessor staff signaled plans to change the assessment; the Board of Equalization accepted the withdrawal, leaving the current assessment unchanged.
The Albemarle County Board of Equalization accepted a withdrawal of an assessment appeal for a large department‑store unit in Fashion Square Mall, leaving the current assessment in place.
The withdrawal came after a representative for the property owner, identified in the hearing as a representative of Fashion Square Assets, described the subject as a big‑box department store that had chronic vacancy and was being marketed at $15 per square foot triple‑net. The representative told the board the owner had purchased…
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