The widely-acclaimed Clay Terrace shopping center is facing a redevelopment that includes replacing several retail stores and restaurants with apartments. Eventually, a hotel, office buildings and a parking garage may also be built as part of the outdoor mall’s changing landscape.
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However, Mike Hollibaugh at the Carmel Community Development Department confirmed that in the past week, a scaled-down version of the redevelopment, first announced in March, was submitted to the department. It calls for demolition of buildings on the eastside of Clay Terrace Boulevard south of the center’s midpoint, including the once-popular Mitchell’s Fish Market and Biaggi’s Italian restaurant, both of which have closed.
Clay Terrace, located just off U.S. 31 south of 146th Street, is owned by Washington Prime of Columbus, Ohio, a subsidiary of Simon Properties. The mall was built about 20 years ago and billed as the latest in fashionable shopping concepts.