Monarch building new headquarters

April 23, 2008
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Pendleton Pike Drive-InLocally 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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  • Great investment for the area, will fill in another empty spot. Good news for the city that they decided to stay in Marion County.
  • Really good news for Lawrence's Redevelopment/TIF area and Pendleton Pike. Or is it Lawrence Parkway now?
  • What kind of tax abatements/government help are they receiving?
  • Sophia: The deal seems quite generous. Lawrence is offering Monarch a 10-year tax abatement worth several million dollars, along with funds from tax increment financing for infrastructure improvements.
  • Should saved some bucks and built a Starbucks...
  • There's some activity up at 96th & Meridian you might have missed... New Paradise Bakery, New McAllister's, New Lifestyle Fitness, and a McDonald's that was there one day and completely demolished the next.
  • The French family grew up about 2 minutes from that site. I think eddie III spent some time at that drive in. :)
  • Agree, just saw the demolished mcdonalds yesterday, I hope when they build it back they build it with alot more character and more to the design of the new mcalisters or the all brick townhomes that are right next door, and they could always go with the trend of everyone else and build an office or condos over a mcdonalds, or if not that give it a green roof with some trees on top.

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  1. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  2. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  3. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  4. First off, it's "moron," not "moran." 2nd, YOU don't get to vote on someone else's rights and freedoms that are guaranteed by the US Constitution. That's why this is not a state's rights issue...putting something like this to vote by, well, people like you who are quite clearly intellectually challenged isn't necessary since the 14th amendment has already decided the issue. Which is why Indiana's effort is a wasted one and a waste of money...and will be overturned just like this has in every other state.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

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