The move is the latest sign of tensions among Pittman and his siblings—Mark, Chad, John and Anne Kelton—in the wake of the December 2014 death of their father, Dr. John Pittman, a Carmel real estate developer. The siblings have been fighting in court since September over how to handle the estimated $2.4 million estate.
Kelton had charged Steve had a conflict of interest as estate executor, estate beneficiary and manager of businesses the estate had interest in, including The Farm.
In an email to his siblings dated April 28 and made public Wednesday, Steve Pittman wrote: “For the record, Pittman Partners has no interest in developing The Farm in Zionsville. … At one time, that interested me, However, I realize a partnership like that could never work.”
With Pittman Partners stepping aside, Mark Pittman, a Los Angeles attorney, is seeking proposals from other developers to take over the project.
Mark Pittman added: “We are excited about the quality of the development companies that have shown a strong interest in the project.”