Loring Chase was one of the founders of Winter Park. Born in New Hampshire and having grown up in Massachusetts, Chase moved to Chicago in 1864 where he held several occupations. After years of poor health and upon the advice of his doctor, Chase moved south and, in 1880, moved to what would soon become Winter Park. He and his friend, Oliver Chapman, purchased three homesteads (about 600 acres of land) along Lakes Maitland and Osceola with the intention of developing a residential community of winter homes for wealthy northerners wanting to escape the cold and harsh weather. The partnership lasted four years, during which time the pair developed and advertised the new town of Winter Park, and in 1884 Chapman sold his interest to Chase for $40,000.