Locally based Monarch Beverage Co. plans to transform a vacant drive-in theater in Lawrence
into its new headquarters. The theater would be replaced with nearly 1 million square feet of new office, warehouse and distribution
space under plans filed this month. The state’s largest beer and wine distributor has outgrown its home along Interstate
465 just east of the airport and has been looking for new digs for a year. IBJ first reported Monarch's interest in the Lawrence
site in a story last month. Monarch plans
to spend about $45 million on the new facility, which would serve as a home base for more than 600 employees. A site plan
shows a first-phase of 510,000 square feet and a second-phase of 450,000 square feet. The 93-acre site, along Pendleton Pike
just east of Post Road, has been vacant since 1993 and once was targeted for a horse-racing track. It is owned by Estridge
Development Co.
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
Locally based Monarch Beverage Co. plans to transform a vacant drive-in theater in Lawrence
into its new headquarters. The theater would be replaced with nearly 1 million square feet of new office, warehouse and distribution
space under plans filed this month. The state’s largest beer and wine distributor has outgrown its home along Interstate
465 just east of the airport and has been looking for new digs for a year. IBJ first reported Monarch's interest in the Lawrence
site in a story last month. Monarch plans
to spend about $45 million on the new facility, which would serve as a home base for more than 600 employees. A site plan
shows a first-phase of 510,000 square feet and a second-phase of 450,000 square feet. The 93-acre site, along Pendleton Pike
just east of Post Road, has been vacant since 1993 and once was targeted for a horse-racing track. It is owned by Estridge
Development Co.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
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I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
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Pimlico
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While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
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