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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