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Cannon Ranch property will feature stores

The Cannon Ranch property, already slated for a championship-quality, professional golf course, also will be teeming with stores.

Developers of the property near San Antonio sold 28.7 acres of the 1,965-acre tract for retail space for $6.25-million.

As development moves ahead, the value of the acreage has skyrocketed.

In 1999, the Cannon family sold the 1,965-acre Cannon Ranch for $7-million.

In May, developers bought the property for $31-million.

That breaks down to about $3,562 an acre when the raw land sold in 1999; $15,776 an acre in May; and $217,770 an acre for the retail area in August.

Public records show the land sold to a company called WIN-CR and general partner company PDG III, which listed Michael T. Wagner as a vice president.

Calls to the registered agent of both WIN-CR and PDG III _ Safety Harbor attorney Robert A. Forlizzo _ were referred to Owen Ewing, a vice president with the Paradise Development Group.

Ewing and his Paradise Development Group, also using Forlizzo as registered agent, have been working this year on turning a Largo mobile home neighborhood into a $20-million shopping center with a Publix.

The Paradise Group, according to county records, has been signed on to develop 135,000 square feet of retail space on the Cannon Ranch parcel.

The Paradise Group, established in 1988, has built about 40 Publix-anchored shopping centers and 40 Walgreens drugstores, as well as other retail strip locations throughout the southeastern United States.

Ewing did not return phone calls for comment Tuesday.