In 1874, William Backhouse Astor Jr. from New York City's wealthy Astor family purchased over of land, upon which he began to establish a town he called "Manhattan". New settlers arrived by steamboat to the town which Astor had endowed with a church, schoolhouse, botanical garden, and free cemetery. William Astor also built a hotel, saw mill, and eventually a railroad, the St. Johns and Lake Eustis Railway, which headed southwest towards the communities of Eustis and Leesburg. A few miles to the west of town, a satellite community called Astor Park grew up along the shore of Lake Schimmerhorn (named for Astor's wife, Caroline Schermerhorn Astor). Over the next twenty years Astor saw his town grow, but the Manhattan name never caught on. When William Astor died in 1892, the town was officially renamed "Astor" in his honor.