Media Coverage

Orlando Business Journal
Jan 17, 2006
48 acres added to Winter Springs Town Center project

James Doran Co. says the second phase of its Winter Springs Town Center development is on track with the acquisition of 48 acres of land adjacent to the project.

Terms of the sale from the Schrimsher Land Fund of Orlando to James Doran Co. were not disclosed, but court records priced the transaction at $11.1 million.

The initial development of Phase II will include the construction and sale of 295 condominium units spread over 350,000 square feet, as well as 34,000 square feet of retail space and parking accommodations.

Pete Harper, chief financial officer for Charleston, S.C.-based James Doran, says that when built out over the next five years, Phase II will have 400,000 feet of retail space, 300,000 feet of office space and 700 residential units. James Doran says the total buildout of Phase I and II will represent a value of more than $400 million to the company.