OCR

Such developments are undertaken either continuously to completion or in planned stages, depending upon anticipated current demand and construc- tion economy. Major projects under development in 1961 were: Moraga In the Moraga Valley, near Oakland, the company continued its gradual development of over 5000 acres for residential development, with 4165 acres remaining to be sold at the end of 1961. The residential expansion of San Francisco's East Bay, and its proximity to major free- way developments to the region's major cities, should provide a continuing impetus for this development. Vandenberg Vandenberg Village, with 1235 acres for sale at the end of 1961, is adjacent to one of the country's major missile test centers, Vandenberg Air Force Base. Developed as an integrated residential community, complete with schools, shopping center, motel, and golf course, its con- tinued progress is related to the activity at this important expanding space and defense center. Alameda Created by dredging from San Francisco Bay, this East Bay residential and commercial community of 278 acres continued to be developed with additional improvements as demand required.. At the end of 1961, 146 acres remained to be sold. Increased interest and construction activity in terms of multiple family units had resulted in Utah's application for re-zoning areas for this type of development. South San Francisco The major work in this three-section industrial development had