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HOUSE_OVERSIGHT_018832.jpg
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Extraction Summary
1
People
7
Organizations
12
Locations
2
Events
3
Relationships
4
Quotes
Document Information
Type:
Surrounding area analysis (likely part of a real estate appraisal or market study)
File Size:
2.24 MB
Summary
This document is a 'Surrounding Area Analysis' for a property identified as the American Yacht Harbor in Red Hook, St. Thomas. It describes the area's location, commercial activity, access via roads and ferries (including to the British Virgin Islands), and real estate demand, noting a recent increase in demand for retail space. The document, bearing the identifier HOUSE_OVERSIGHT_018832, provides context on the commercial environment of Red Hook but does not directly mention Jeffrey Epstein or any associated individuals.
People (1)
| Name | Role | Context |
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| Cyril E. King | Namesake of Airport |
The Cyril E. King International Airport is mentioned as a key transportation link, located about 8.4 miles from the s...
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Organizations (7)
| Name | Type | Context |
|---|---|---|
| Safari Taxi |
Provides public transportation in the area.
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| IGY American Yacht Harbor Marina |
Mentioned in the footer, likely related to the subject property.
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| American Yacht Harbor |
Identified as the 'subject' of the analysis and a major retail property in Red Hook.
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| Red Hook Plaza |
A major two-story retail property in Red Hook with low vacancy.
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| Galleria Shopping Center |
A major retail property in Red Hook, anchored by a newly opened gourmet grocery store.
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| East End Plaza |
A three-story retail/office center near the subject property, containing mostly office space.
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| irr |
A logo in the footer, likely the firm that prepared the report (possibly a real estate or appraisal company).
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Timeline (2 events)
Described as 'newly opened' relative to the document's creation
A gourmet grocery store opened, anchoring the Galleria Shopping Center.
Galleria Shopping Center, Red Hook, St. Thomas
Described as 'past 12-24 months' relative to the document's creation
An increase in demand for retail space occurred in the Red Hook area.
Red Hook, St. Thomas
Locations (12)
| Location | Context |
|---|---|
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Town on St. Thomas where the subject property is located. Described as a primary business district and commercial cen...
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The specific area on the island where Red Hook is located.
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The region of St. Thomas served by the Red Hook business district.
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The island where the analysis is centered.
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The primary arterial road providing access to the area.
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One of the three major commercial centers on the island.
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One of the three major commercial centers on the island.
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Offers passenger and car ferry service to St. John and the British Virgin Islands.
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An island accessible by ferry from Red Hook.
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Accessible by passenger ferry from Red Hook.
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Located 8.4 miles from the property, providing air access.
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The economic and cultural center of the island, located 7.0 miles from the property.
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Relationships (3)
The Red Hook Ferry Terminal offers passenger ferries and car barges on regular schedules to and from St. John.
Passenger ferry service to the British Virgin Islands is also available.
The document identifies 'American Yacht Harbor (subject)' as one of the major retail properties.
Key Quotes (4)
"The subject is located in the town of Red Hook in the East End area of the Island known as Estate Smith Bay."Source
HOUSE_OVERSIGHT_018832.jpg
Quote #1
"Retail space; however, has seen an increase in demand in this area over the past 12-24 months as shown by the low vacancy in the 3 major retail properties Red Hook; American Yacht Harbor (subject), Red Hook Plaza and Galleria Shopping Center."Source
HOUSE_OVERSIGHT_018832.jpg
Quote #2
"The Red Hook Ferry Terminal offers passenger ferries and car barges on regular schedules to and from St. John. Passenger ferry service to the British Virgin Islands is also available."Source
HOUSE_OVERSIGHT_018832.jpg
Quote #3
"However, the primary mode of transportation in this area is the automobile."Source
HOUSE_OVERSIGHT_018832.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,921 characters)
Surrounding Area Analysis
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Surrounding Area Analysis
Location
The subject is located in the town of Red Hook in the East End area of the Island known as Estate Smith Bay. Red Hook is one of the three primary business districts on the island.
The subject is located in the town of Red Hook in the East End area of the Island known as Estate Smith Bay. Red Hook is one of the three primary business districts on the island.
Access and Linkages
Primary access to the area is provided by Route 32 (Smith Bay Road), a major arterial that crosses the east end of the island in a generally east-west direction. This is the primary route through the town of Red Hook, one of the three major commercial centers of the island; with the others being the city of Charlotte Amalie and the Tutu area. Overall, vehicular access is good.
Primary access to the area is provided by Route 32 (Smith Bay Road), a major arterial that crosses the east end of the island in a generally east-west direction. This is the primary route through the town of Red Hook, one of the three major commercial centers of the island; with the others being the city of Charlotte Amalie and the Tutu area. Overall, vehicular access is good.
Public transportation is provided by Safari Taxi and provides access to all relevant areas. The local market perceives public transportation as average compared to other areas in the region. However, the primary mode of transportation in this area is the automobile.
The Red Hook Ferry Terminal offers passenger ferries and car barges on regular schedules to and from St. John. Passenger ferry service to the British Virgin Islands is also available.
The Cyril E. King International Airport is located about 8.4 miles from the property; travel time is about 25 minutes, depending on traffic conditions. The Charlotte Amalie CBD, the economic and cultural center of the island, is approximately 7.0 miles from the property.
Demand Generators
The demand for commercial space in the area of the subject is fueled by the popularity of the Red Hook business district. Red Hook is a centralized area serving the east end of St. Thomas, and features marinas, restaurants, bars, retail shops, and office space.
The demand for commercial space in the area of the subject is fueled by the popularity of the Red Hook business district. Red Hook is a centralized area serving the east end of St. Thomas, and features marinas, restaurants, bars, retail shops, and office space.
The demand for office space in the area has been down due to overall economic conditions. As the economy continues its recovery, the demand for well-located office space will increase as well. Retail space; however, has seen an increase in demand in this area over the past 12-24 months as shown by the low vacancy in the 3 major retail properties Red Hook; American Yacht Harbor (subject), Red Hook Plaza and Galleria Shopping Center.
Compared to the territory area as a whole, the local area has higher income levels. Population trends are similar except that the local area is growing at a faster rate than the territory.
Land Use
The area is suburban in character and approximately 65% developed.
The area is suburban in character and approximately 65% developed.
Predominant land uses are retail and office uses, with some residential users nearby. Marina use is also prevalent in this area. The area contains several neighborhood retail/office centers within a few blocks of the subject along Smith Bay Road. These include East End Plaza which is three stories and contains mostly office space, the aforementioned Galleria Shopping center which will is anchored by a newly opened gourmet grocery store, and the aforementioned Red Hook Plaza which is a two story
IGY American Yacht Harbor Marina
irr
HOUSE_OVERSIGHT_018832
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