Monarch Place is a skyscraper with ground-floor retail spaces, located in Springfield, Massachusetts. Monarch Place is the tallest building in Springfield, the tallest building in Massachusetts outside of Boston, and the eighth tallest building in New England outside of Boston.[1][2] Originally built by the namesake Monarch Capital Corporation, at the time of its completion in 1989 it was the largest mixed-use development in Massachusetts outside of Boston.[3]
History
Monarch Place was built on the site of the Forbes and Wallace Inc. Department Store, commencing construction in 1987.[1] In a tribute to preserve the heritage of Forbes and Wallace, whose flagship store had stood at that site for decades, the architects Jung Brannen and Associates developed a replica of that building's facade, used in tandem with a fountain at a plaza at the corners of Main and Boland.[4] The building was originally constructed as a joint venture between the Monarch Capital Corporation's "Forge Springfield" subsidiary, Flatley Springfield of Braintree, and Sheraton Hotels at a cost of $120 million dollars.[5] After Monarch Capital's bankruptcy in 1991, the building was sold at auction for $24 million dollars to Peter L. Picknelly, of Peter Pan Buslines, whose company has managed it since.[6]
^"Monarch Place". Emporis GMBH. 2019. Archived from the original on August 29, 2019. Retrieved August 29, 2019.
^Malley, Carol (June 16, 1987). "Converting Monarch plaza into inviting 'people place'; Opening of $118 Million project less than a month away; F & W old landmark facade reappearing with waterfall". Springfield Union-News. Springfield, Mass. p. 25.
^Robbins, Carolyn (May 28, 1986). "$10 million Monarch Place grant wrapped up". Springfield Union. Springfield, Mass. p. 21.
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