Last month, Pittman Real Estate Properties purchased 36 acres of land from University High School with plans for developing 44 single-family residential lots.
Owner Steve Pittman said the proposal should appear before the Carmel Plan Commission next month. Although plans are still in the beginning stages, Pittman estimated the homes to cost between $700,000 to $1 million. He did not have an estimated square footage.
Pittman said he likes the site because it is near UHS, Towne Meadow Elementary School, Creekside Middle School and nearby parks, such as West Park and Coxhall Gardens.
“I like the proximity we have to all those amenities,” he said.
The land is adjacent to, and south of, UHS’s property. Pittman said he expects the development to feature open spaces and wetlands to be utilized by the schools.
“The thought is we are working with University High School to have a big, open space and wetland area that we will place an educational easement across that property, so University High School and their students will have access to these areas for their classroom activities and experiments,” he said.
A master plan is moving forward for trail development to integrate the new neighborhood with the schools and nearby parks.
“We also hope to have in the master plan trails that will go from our property to (University High School’s) property to 116th Street that will allow people to be able to get over to the park on the north side of 116th Street,” Pittman said. “We are really kind of working together to create an integrated development with their school campus.”
Pittman Real Estate Services has not selected a builder for the development.