Corcoran was founded by Hobart Johnstone Whitley, a prominent land developer from southern California, who took the lead in building Corcoran (the main street of the community is named in his honor). Liking what he saw during a visit to the area in 1905 (a blacksmith shop, small store, scattered homes and a lush, untapped vista with herds of grazing wild hogs, horses and steers) Whitley purchased to start development. Much like in the San Fernando Valley (Van Nuys and Canoga Park his "creations"), Whitley "leveraged" his holdings with the support of important Los Angeles businessmen. Whitley first intended the town be named "Otis", after Harrison Gray Otis of the "Los Angeles Times", and streets as Otis, Sherman, Letts (the Broadway store) and Ross (after his son, Ross Whitley) show the connections. Whitley, it is claimed, purchased and platted some 150 towns over the American West—and Corcoran is one of his last.