Still two years away from ground-breaking, the subsidiary of locally based Emerson International Inc. paid Orlando owners Edward and Alyce Hansen $400,000 or $20,000 per acre (46 cents per sf) for 20 acres adjacent to the planned 1,209-acre project off Narcoosee Road (State Road 15) in southeast Orlando.

Two years ago, Emerson paid $10.1 million or $8,354 per acre (19 cents) per sf for its initial 1,209-acre spread. Eagle Creek is planned for 2,850 homes, 200,000 sf of retail/office, a 150-room hotel and an 18-hole championship-caliber golf course.

Orange County approved the project in June 2001. The Florida Department of Community Affairs is reviewing Eagle Creek's master plan. Complete local, state and regional building and development permit approvals are not expected until year end 2003, state and county building permit department officials tell GlobeSt.com.