Publicly traded Determine Inc. generated fanfare when it announced it was moving its headquarters here and adding 24 jobs to the 35 already here. But many investors have been betting against it for years.
The beer management software firm said it would be relocating its offices to the new Four Day Ray Brewing facility on the corner of Lantern Road and North Street. It intends to double its local employment to more than 80 over the next two years.
In his decision, Special Judge Matthew Kincaid wrote that the residents of the 1,017-acre area of unincorporated Clay Township did not prove all of the elements necessary to prevent Carmel’s annexation.
More than $235 million worth of development is anticipated or already under construction along the roadway through Carmel and Westfield—and that doesn’t include a handful of the projects with undisclosed costs.
The decision by Pittman Partners principal Steve Pittman is the latest sign of strife among siblings of Dr. John Pittman, a Carmel developer who died in 2014. Another sibling, Mark Pittman, now is leading efforts to line up an alternative developer.