Developer’s plan for 430-plus homes in rural Zionsville faces opposition
The Reserve at Union Woodlands would cost about $250 million to develop and take up to seven years to build.
The Reserve at Union Woodlands would cost about $250 million to develop and take up to seven years to build.
Two children of late heart surgeon and developer John N. Pittman have accused brother Steve Pittman of wrongly taking funds from a family-owned entity to invest in one of his projects. Their lawsuit is one of several proceedings filed over family assets.
The properties, in Carmel and Zionsville, had been owned by the late Dr. John Norman Pittman and were sold in three separate transactions.
Mark Pittman, son of late heart surgeon and developer John N. Pittman, filed a lawsuit Oct. 14 in Hamilton County against his siblings and family-owned entities involved with The Bridges, a retail development in Carmel that includes a Market District grocery store.
Pittman Partners LLC had proposed a $90 million, mixed-use project known as The Farm near the southwest corner of U.S. 421 and Sycamore Street. It recently withdrew from the project, and a new developer is being sought.
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.
Nine retail tenants have signed on to open at The Bridges development near U.S. 31 and 116th Street in Carmel this summer.
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.
A $90 million mixed-use development proposed for a prominent Zionsville property sailed past its first hurdle Monday night, winning support from the Zionsville Plan Commission.
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential hub if Pittman Partners' 62-acre project gets the town’s blessing.