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r DEC 5 1984 BOOK 4) The Pelican Plaza and the Village Beach Market - located 7± miles south of the C.R. 510/S.R. A -1-A intersection. With the exception of Eckerd Drugs and the financial insti- tutions in the town of Indian River Shores, the existing commercial establishments are either convenience oriented or tourist/seasonal resident oriented. This requires north barrier island residents to generally shop off the island at the following locations: 1) Miracle Mile shopping area via the Merrill Barber Bridge; 2) Albertson's via the 17th Street Bridge; 3) K -Mart, Luria's Plaza, and Vero Mall via the 17th Street Bridge. Supply Analysis - Future Demand Commercial Node at C.R. 510 and S.R. A -1-A Historically, the County has reduced the amount of commercially zoned land on and near the barrier island. After much discus- sion during public hearings on the Comprehensive Plan, 11.52 acres of commercially zoned land north of the intersection were designated LD -2 (Low Density Residential District at a maximum of 6 units/acre). Also, at one of the last public hearings on the land use element, the County designated commercially zoned Marsh Island as LD -2. The Comprehensive Plan currently designates a twenty-five (25) acre tourist commercial node at the intersection of C.R. 510 and S.R. A -1-A. The plan states that the node will permit resort commercial uses as well as neighborhood commercial uses. The supply of future vacant commercial land is a function of the total potential commercial land allocation (in this case 25 acres) minus all existing and committed commercial land in the area. Since the adoption of the plan, the only area on the north barrier island to be considered for commercial_zoning has been -- at the intersection of C.R.510 and S.R. A -1-A. Existing and committed commercial -uses comprise the majority of the node at the intersection. These uses are as follows: 1) Sea Oaks Hotel - (site plan approved on March 26, 1981) - 16.59 acres; 2) Collin's Professional Building Unit I and Wabasso Beach Market - .50 acres. 3) Collin's Professional Building Unit II - .7 acres (site plan in process). The total acreage equals 17.79 acres. Presently, none of the existing and committed commercial uses at the intersection serve sufficient neighborhood commercial needs. Indeed, the site plan approved hotel/resort commercial use at the southeast corner of the intersection is likely to stimulate an increased need for a neighborhood commercial facility. 50