! Surrounding Area Analysis 22 , 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 i Smith Bay. Red Hook is one of the three primary business districts on the island. Access and Linkages i 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. i 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 i 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