|Location||14390 Clay Terrace Blvd.|
|Developer||Simon Property Group|
|No. of anchor tenants||5|
|Total retail floor area||500,000 square feet|
|No. of floors||1|
Clay Terrace opened in 2004. It, Jefferson Pointe in Fort Wayne, and Metropolis in Plainfield were the first three lifestyle centers in Indiana. Among the first stores announced for it were Dick's Sporting Goods, Whole Foods Markets, and Designer Shoe Warehouse. Aeropostale closed January 27, 2015, making the Clay Terrace location the only one in central Indiana to close. Delia's, New York & co., Paradise Bakery, and the Children's Place all closed around the same time.
Wild Oats became Whole Foods  Old Navy was added in 2007, relocating from Merchants' Square. Circuit City closed in 2008. On June 17, 2014 it was announced that Simon Property Group spinoff Washington Prime had acquired Clay Terrace in addition to six other shopping centers.
- "INDY RETAILERS REV UP". nreionline.com. Retrieved 2016-07-14.
- "Stores Announced For New Carmel Shopping Center - TheIndyChannel.com". theindychannel.com. Retrieved 2016-07-14.
- "Open-air mall signs 5 anchors". pqasb.pqarchiver.com. Retrieved 2016-07-14.
- "Clay Terrace's vacant spaces are shrinking fast". pqasb.pqarchiver.com. Retrieved 2016-07-14.
- "Loss of Carmel store 'unfortunate'". pqasb.pqarchiver.com. Retrieved 2016-07-14.
- "Washington Prime buys Clay Terrace stake from Lauth". ibj.com. Retrieved 2016-07-14.