Carmel City Council OKs proposed redevelopment at Clay Terrace 


The Carmel City Council held its final meeting of the year on Dec. 21 to discuss planned improvements at Clay Terrace, a rezone request along 116th Street and other matters.

CIC COM 0915 Clay Terrace Update
A concept plan shows the proposed location for a hotel, apartments and a parking garage at Clay Terrace. (Submitted image)

What happened: The council approved amending the Clay Terrace Planned Unit Development District.

What it means: The amendment paves the way for Clay Terrace to add a hotel and parking structure and replace buildings on the southeast portion of the site with four- to six-story buildings with office space and mixed uses. Clay Terrace owner Washington Prime also plans to reduce Clay Terrace Boulevard from two lanes to one in each direction to make the area more pedestrian friendly.

What happened: The council approved rezoning a parcel near the southeast corner of 116th Street and Range Line Road from residential to business use.

What it means: The Valero gas station at the intersection is set to be removed when the city converts the intersection to a roundabout. The rezoning includes the property just east of the gas station and opens up possibilities for what could be built there. It will not be replaced with another gas station.

What happened: The council introduced proposals for $125 million in bonds.

What it means: The bonds would fund an expansion of the Carmel Police Dept. headquarters, road improvements and redevelopment projects. If approved, they are not expected to raise the city’s tax rate.

What’s next: The council’s Finance, Utilities & Rules committee will review the bonds. A meeting date has not been announced.

What happened: The council unanimously elected its officers for 2021.

What it means: Councilor Sue Finkam, who served as council vice president in 2020, will serve as president in 2021. Councilor Kevin “Woody” Rider will serve as council vice president in 2021.

What’s next: Finkam and Rider will begin their new roles at the council’s next meeting, set for Jan. 4, 2021.