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La-Z-Boy’s former Monroe HQ site lands Aldi store, retail, residential projects

Posted By: The Toledo Blade on July 24, 2023.  For more information, please click here to read the source article.

Redevelopment plans are coming to fruition in Monroe at the former La-Z-Boy world headquarters site.

An Aldi grocery store, a five-unit strip center with a drive-through, and two six-unit residential buildings are planned for the 26-acre cleared site along Telegraph Road, said Mark Cochran, director of Economic and Community Development for the city of Monroe.

Furniture maker La-Z-Boy moved to its new headquarters in 2015 and sold the site for $1 to the city in 2019 when it was cleared for redevelopment.

The upcoming phase of building is slated to kick off late summer into early fall with the goal of having most of the work completed by early next year, the city said.

Two commercial buildings, one housing a Dairy Queen and another with a Chipotle and SVS Vision store, already have been built on the property. Mr. Cochran said a Five Guys hamburger restaurant is coming to the building with Chipotle and SVS Vision.

“The redevelopment of the former La-Z-Boy world headquarters on Telegraph is making incredible progress — and more development [is] on the way,” the city said in a Facebook post last week.

On Monday, Mr. Cochran said Monroe needs more market-rate apartments and that’s the plan for the former La-Z-Boy site. Squire Properties LLC of Wyandotte, Mich., is the developer of the buildings, he said.

La-Z-Boy was founded in Monroe in 1927 and had operated from its former headquarters for most of that time until moving in 2015 to a $66.4 million new headquarters one mile away.

Monroe Mayor Robert Clark said the mixed-use development fits with the city’s master plan and vision for redeveloping the Telegraph corridor through the city.

On the east side of the development, Huber Drive is being extended north from Elm Street eventually to Stewart Road so that residential and retail users can get access to the development as an alternative to busy Telegraph Road, he said.

The development also deserves its own name beyond being called the former La-Z-Boy headquarters site, Mr. Clark said.

“Eventually, we’ll find a new name,” he said.

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