Vero Beach ROYAL PARK ARCADE 1059 21st Street. 1926. Mediterranean Revival. Two-story, wood frame construction. The building was designed by architects William W. Hatcher and Lawrence S. Funke, who worked on a number of projects for the Vero Beach Construction Company, the building’s original owners. The first floor of the building is divided into commercial units with storefronts, the majority of which open onto the arcaded loggia, while the second floor consists of apartments. In 1938 Parkway, Inc. of Vero Beach acquired the building and renamed it the Parkway Hotel, from which the current name, “Parkway Plaza,” was derived. Private. N.R. 1998.