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62 Worcester Business Journal | Book of Lists 2018 | wbjournal.com Worcester's top property taxpayers Ranked by valuation for fiscal year 2018 Owner/ property Valuation FY 2018/ valuation FY 2017 Land area in acres/ gross area in square feet Commercial or industrial/ property use description 1 VHS Acquisition Subsidiary 123 Summer St. $124,970,700 $124,970,700 17.5 706,065 Commercial private hospital 2 V3B SA LLC 525 Lincoln St. $64,281,000 $64,281,000 45.2 569,675 Commercial shopping center/mall 3 Worcester TC LLC (AbbVie) 100 Research Drive $59,838,500 $59,838,500 29.9 457,240 Industrial research and development facility 4 440 Lincoln Street Holding 440 Lincoln St. $58,707,800 $58,707,800 51.1 1,181,605 Commercial office building 5 CSX Transportation Inc. 271 Franklin St. $25,410,700 $25,457,300 68.3 9,679 Commercial dockyards 6 Front Street Associates LLC 100 Front St. $24,890,500 $24,890,500 0.4 292,520 Commercial office building 7 S-Bank Worcester Main LLC 446 Main St. $24,373,800 $24,373,800 1.6 291,629 Commercial office building 8 150 Blackstone River Road LLC 150 Blackstone River Road $23,020,200 $8,564,300 33.0 629,345 Industrial warehouse 9 RK Worcester Crossing LLC 25 Tobias Boland Way $21,665,200 $21,665,200 22.8 209,945 Commercial shopping center/mall 10 NEP Worcester LLC 503 Plantation St. $20,043,100 $20,043,100 7.3 94,021 Commercial hotel 11 Webster Square Shopping Center 68 Stafford St. $19,576,200 $19,576,200 14.7 219,097 Commercial shopping center/mall 12 Summer Street Hotel LLC 1 Washington Square $18,753,500 NA 1.9 96,084 Commercial hotel 13 Worcester Business Center LLC 67 Millbrook St. $18,042,700 $18,042,700 11.6 296,278 Commercial office building 14 600 Main Street LLC 600 Main St. $17,968,800 NA 0.3 238,272 Commercial private residences 15 KOP Perkins Farm Marketplace LLC 867 Grafton St. $17,558,400 $17,558,400 19.8 237,455 Commercial shopping center/mall 16 Webster First Federal 275 Greenwood St. $15,789,700 $14,615,300 8.8 87,803 Commercial credit union 17 Hertz Worcester Chestnut Place LLC 22 Elm St. $15,765,200 $15,765,200 1.2 314,277 Commercial office building 18 Breit Mass Property Owner LLC * 72 Grove St. $15,561,600 $15,561,600 2.1 75,740 Commercial hotel 19 Fargo Management LLC 35 Major Taylor Blvd. $14,741,250 $14,741,250 1.0 128,067 Commercial hotel 20 Neponset Street LLC 7 Neponset St. $13,779,700 $13,779,700 18.2 431,772 Commercial shopping center/mall 21 New England Rehabilitation 189 May St. $13,361,500 $13,361,500 20.7 95,881 Commercial private hospital 22 Front Street Associates LLC 90 Front St. $13,261,800 $5,741,500 2.9 333,742 Commercial office building Sources: City of Worcester. Notes: NA=not applicable. The following high-valuation properties/owners are designated partially-taxable for 2018 and therefore are not included on this list: 119 Belmont St./Worcester Memorial Hospital, 1 Innovation Drive/WCS One Innovation Drive Inc., 381 Plantation St./WCS 381 Plantation Street Inc., 377 Plantation St./WCS 377 Plantation Street Inc. and 10 Washington Square/Worcester Redevelopment Authority. * Previous owner was Nairn LLC - Compiled by: Heide Martin, hmartin@nebusinessmedia.com F O C U S R E A L E S T A T E 90 Front St., part of the Mercantile Center project not including the signature tower, jumped in valuation after a $36-million over - haul completed last year with new offices, retail space and lobby. The largest on this list by far each year is Saint Vincent Hospital. Its intracity rival, UMass Memorial Medical Center, doesn't make the list because as a nonprofit, it doesn't pay city taxes. Skymark Tower, at 24 stories, is tied with the Worcester Plaza tower across from City Hall as the tallest in the city. The Worcester Crossing plaza lost one of its two main tenants this year. Sam's Club closed in January, leaving a 133,000-square-foot vacancy. The other anchor, Walmart, holds control of the site, meaning don't expect a Target or Market Basket any time soon. Homewood Suites opened across Washington Square from Union Station in mid-2017, helping to bridge the gap between downtown and the Shrewsbury Street restaurant corridor.