12/5/1984 - Laserfiche WebLink

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5) 10,000 square feet of building area is required for each acre of site area (derived from Shopping Center - Development Handbook. Although a detailed market analysis must evaluate factors such as trade areas, business competition, buying power, etc., this general analysis focuses on commercial need as a function of demand - supply. Demand is defined as the total amount of commercial land required to serve the projected population in the service area. Supply is defined as the total amount of commercial land available to serve the population. Demand Analysis In order to determine present and future demand, 1984 and 2000 population data from all enumeration districts in the north barrier island were tabulated along with data obtained from the John's Island Property Owners' Association, the Town of Orchid, Marsh Island and other development projects. The following table provides figures on existing and future demand for the study area: Based upon the population projection, the total number of resi- dents demanding commercial services in the year 2000 is es- timated to be 8,569 people. Utilizing a factor of 2.2 persons per household, the total number of dwelling units will be 3895. Based upon the assumption that 2,500 people are required to support a neighborhood commercial center, it is clear that there is a present demand for services, and future demand will increase as the north barrier island population increases. Supply Analysis - Existing Demand Currently, there are few island commercial facilities on the barrier island which serve the shopping needs of north barrier island residents, thus necessitating residents to travel off the island for most needs; particularly grocery shopping. Facilities on the island which can meet some general and specialized needs of north island residents are: 1) 2) 3) r The Wabasso Beach Market - located at the northeast corner of C.R. 510/S.R. A -1-A intersection; The Village Shops and Florida Federal Savings & Loan Association located 5 ± miles south of the C.R. 510/S.R. A -.1-A intersection; Eckerd Drugs and the 7-11 convenience store - located 6.5± miles south of the C.R. 510/S.R. A -1-A intersection. 49 BOOK 159 P' r,) F. 1 ? 7 POPULATION BY ENUMERATION DISTRICT 1984 Estimate 2000 Projection E.D. #248 420 2036 E.D. #273 36 76 E.D. #230U 1878 2791 John's Island 2200 3300 Town of Orchid 22 22 Marsh Island 0 240 Orchid Subdivision 36 36 Orchid Isle Estates 0 68 TOTAL 4592 8569 Based upon the population projection, the total number of resi- dents demanding commercial services in the year 2000 is es- timated to be 8,569 people. Utilizing a factor of 2.2 persons per household, the total number of dwelling units will be 3895. Based upon the assumption that 2,500 people are required to support a neighborhood commercial center, it is clear that there is a present demand for services, and future demand will increase as the north barrier island population increases. Supply Analysis - Existing Demand Currently, there are few island commercial facilities on the barrier island which serve the shopping needs of north barrier island residents, thus necessitating residents to travel off the island for most needs; particularly grocery shopping. Facilities on the island which can meet some general and specialized needs of north island residents are: 1) 2) 3) r The Wabasso Beach Market - located at the northeast corner of C.R. 510/S.R. A -1-A intersection; The Village Shops and Florida Federal Savings & Loan Association located 5 ± miles south of the C.R. 510/S.R. A -.1-A intersection; Eckerd Drugs and the 7-11 convenience store - located 6.5± miles south of the C.R. 510/S.R. A -1-A intersection. 49 BOOK 159 P' r,) F. 1 ? 7