[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.

[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.

[7][8][9] As of December 2021, tenants include:[10] Bank of America Catuogno Court Reporting Services Community Legal Aid Doherty, Wallace, Pillsbury & Murphy, P.C.

First American Title Insurance Health New England Irene E. & George A. Davis Foundation Kanzaki Specialty Papers Mahoney and Associates Merrill Lynch Michael D. Parker Law Offices Moriarty & Primack, P.C.

Sullivan, Hayes & Quinn The Travelers Indemnity Company UBS Financial Media related to Monarch Place at Wikimedia Commons