Red Hook, St, Virgin Islands: A Premier Destination for Commercial Real Estate

Introduction

Red Hook, located on the eastern tip of St. Thomas in the U.S. Virgin Islands, is a burgeoning hub for commercial real estate. Known for its strategic location and vibrant economy, Red Hook offers a unique blend of coastal accessibility and economic opportunity. The area's economy is predominantly driven by tourism, maritime industries, and retail, making it a hotbed for commercial real estate development. With an expanding infrastructure and a focus on sustainable growth, Red Hook is poised for significant CRE advancements.

Economic and Industry Overview

Red Hook's economy is centered around key industries such as tourism, maritime logistics, and retail. The presence of the Red Hook Ferry Terminal bolsters demand for retail and hospitality spaces, catering to both tourists and locals. The marine industry, supported by numerous yacht services and marinas, drives the demand for industrial and office spaces. Development incentives from the Virgin Islands Economic Development Authority aim to enhance these sectors, providing ample opportunities for commercial investors.

Strategic Location and Transportation Infrastructure

Red Hook's strategic location offers unparalleled access to major transportation routes. The Red Hook Ferry Terminal connects St. Thomas with neighboring islands, facilitating passenger and freight movement. The Cyril E. King Airport, located approximately 30 minutes away, provides international connectivity, further enhancing Red Hook's appeal as a logistical hub. The area's road infrastructure supports efficient distribution, making it an ideal location for businesses reliant on rapid transit and access to labor pools.

Commercial Real Estate Inventory & Zoning

Red Hook features diverse commercial real estate submarkets, including bustling retail corridors and waterfront industrial zones. The town center is a vibrant mix of retail and office spaces, while the nearby areas offer industrial and flex properties. Recent zoning updates have introduced mixed-use overlays, encouraging development that combines residential, retail, and office uses. For zoning maps and parcel information, visit the St. Thomas Zoning Map.

Major Employers and Institutions

Key employers in Red Hook include hospitality giants and maritime service providers. The Ritz-Carlton and Marriott hotels significantly drive demand for commercial services. Additionally, the University of the Virgin Islands, located on St. Thomas, contributes to a skilled workforce. For a comprehensive list of businesses and institutions, visit the Virgin Islands Economic Development Authority.

Notable Commercial Developments & Projects

Red Hook is home to several notable developments, including mixed-use projects that enhance its commercial landscape. The Yacht Haven Grande, a luxury marina, and the Red Hook Plaza, a retail hub, exemplify successful public-private partnerships. The area also benefits from being part of an Opportunity Zone, offering tax incentives for development. Explore ongoing projects through the Virgin Islands Planning Department.

Building Permits, Planning, and Development Tools

• Department of Planning and Natural Resources: Access planning and zoning information.
• Building Permits Portal: Submit and track permit applications.
• Parcel Map Viewer: Explore detailed property maps and zoning details.
• Development Code: Review the comprehensive code governing development in Red Hook.

Market Data & Economic Reports

Public data sets, such as those from Census.gov, and the Virgin Islands Bureau of Economic Research provide valuable insights into Red Hook's economic environment. Brevitas leverages AI to aggregate these data sources, offering a robust platform for market analysis. Discover more through our Brevitas city search.

Why Use Brevitas for Red Hook, St, Virgin Islands CRE?

Brevitas stands out as a premier CRE platform by offering AI-driven discovery and market alerts tailored to Red Hook's unique needs. Our smart property pages and dealroom collaboration tools streamline the investment process. Key features include: - Auto-generated listing pages - Integrated email and landing page tools - Seamless integration with brokers and developers - Access to exclusive listings for premium exposure

Whether you're searching for office space, industrial properties, or retail opportunities in Red Hook, Brevitas provides the tools and insights needed for successful CRE investments. Explore our platform today for a comprehensive view of Red Hook's commercial real estate landscape.