Amusement center taking space in Clay Terrace

October 15, 2009
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A children's amusement center is taking over the former Circuit City space at Clay Terrace in Carmel. The homegrown Bouncertown concept offers family dining, inflatable slides, obstacle courses and interactive games. It caters to families with preschool and elementary-aged children. Founder Andrew Hendricks opened the original location for Bouncertown in 2007 in Greenwood at 707 S. Madison Ave., and is working on franchising the concept. The Carmel location is slated to open this weekend.

A  few other updates:

  • Sullivan's Hardware plans to add a greenhouse to its store at the corner of 49th and Pennsylvania streets. The corner has been a hotbed of activity lately as Patachou expands and adds a new pizza concept called Napolese. A hearing on Patachou's request for outdoor seating along both 49th and Pennsylvania is scheduled for 1 p.m. Oct. 27.
  • Ruth's Keystone Cafe has reopened across the street from the Fashion Mall at Keystone. New owner Jeremy Ryan opted to keep the menu and head chef.
  • Tastings A Wine Experience and Ambrosia Centro have opened downtown.
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  • meh
    RIP Property Lines Blog. Can we do an autopsy to learn what killed it?
  • Happenings in Carmel
    I would have thought the new $40 million Mutlti use lux appartments on Main Street in Carmel might have been a little more exciting. The buidling is 4 stories with 2 stories of underground parking. The building will be Carmels first Silver LEED building with a green roof. The 3 story appartments will sit over the street level retail. Constrution is now beginnig to rise above street level. More details can be found on Keystone Constructions web page
  • yep
    Schoettle's blog is even worser. Nothing but cut n paste from IRL/IMS poress releases and whatever the Pacers will feed him. corey - lets get on the ball!
  • Retail updates
    Penn station at 96th street (Precedent Office) has now closed.
    Baskin & Robbins to open on Broadripple Ave. near the corner of Keystone and 62nd st.
    Sweeties to open on Broadripple Ave. behind Einstein Bagel.
    Pak Mail now closed on Broadripple Ave. next to PetSupplies Plus.

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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