This text was obtained via automated optical character recognition.
It has not been edited and may therefore contain several errors.

---

lack of parking. There is no concentration of shopping facilities to equal the Edrewater Plaza. Allalong the 26 mile sea wall span there are several commcrcial facilities of single occupancy status. There is not a well integrated shopping center comprising modern features in the entire area. In fact, the Edgewater Plaza is the only completely integrated, easily accessible, convenient parking medium between New Orleans, 75 miles to the west, and Mobile, Alabama, 76 miles to the east. A small strip center was opened about May 1, 1962. Its principle occupants are A & P with about 10, 000 square feet, T G & Y with 4, 500 square feet and a local drug store. This property is located approximately 2 miles west of this security, but, in our opinion, wall offer only negligible competition.
As aforementioned, the downtown areas of Gulfport and Biloxi are not geared for today's traffic flows and offer only head-in parking, narrow streets and generally congested conditions. The quality of national tenancy of the Edgewater Plaza supports arc conclusion that a well designed regional type shopping center with an abundance of parking will prosper in an area with an ease of accessibility.
There are approdmately 25, 000 households in the immediate trading area according to the sources mentioned above with a disposable family income of ~C, 790. 00 a year. This area thus ranks third highest in the South in this category.
It ir reported that Dallas is first with total annual per family spendable income of f 5, 390. 00 and Atlanta ranks second with £6, 319. 00.
Wc have accordingly concluded that the total annual per family effective
income cf the immediate trade area is approximately $170, 000, 000. 00
(25, 000 household? tirr.es ?c, 790.00 disposable income). We further learned that
■urcharing pc
Due to an obvious lack cf competition, wg estimated the
XERO COp Y
' XERO C rv>v
i xr«o
! r tj\ • v —