land held for development and resale since 1954 utah construction company has undertaken acquisition and development of substantial holdings of strategically located real estate in the san francisco bay area these projects provide utah with basic diversification and the projects themselves are diversified in the real estate field sites are being developed for commercial industrial and residential users three projects have accounted for the major activity in this field south san francisco industrial parks at the close of 1955 utah acquired a half interest in approximately 340 acres of land in the community of south san francisco which land required development to make it usable for industrial buildings in 1957 utah became the sole owner of these holdings since the inception of this project 200 acres have been converted from sub-marginal land into prime industrial siles with all of the required transportation and utility services protective covenants have been established to insure uniformly high level use of the sites and this is reflected in a firm price structure now well esiablished sites have been sold to 27 buyers 18 buildings are occupied and several others are under construction the aggregate floor space of the buildings occupied is approximately 900,000 square feet as market demand warrants such action additional acreage will be developed for august opening of 12 store supermarkel 25,000 squar yco 51,000 square feet and lucky jbsidiarv ot -.., action of im e opened in october and s he company in the ala ovements on 42 of its erai builders have purcl south shore of alameda j...m acquisition of the south shore tidelands in 1954 new land comprising 374 a^.w has been created by a hydraulic fill operation during the current year south shore center inc a utah construction company subsidiary has been developing a 66 acre ¦ ar approximately 30 arly completed the shopping c e signed and the fii j at the end of the t phase of constructio moraga valley in 1954 utah construction company acquired control of a valuable site in the bay area east of oakland — 5,000 acres in the moraga valley — the largest single prop erty in the metropolitan area since acquisition sales have been made in the form of developed lots totalling 650 acres of this amount 129 acres were sold during the fiscal year 1958 a number of residential builders of fine homes have made purchases yielding a very satisfactory profit to the company this land holding is best adapted to better homes and sales are gauged to meet the market ability to absorb this class of more expensive housing an attractive residential communily is now in the process of being developed and over a period of years additional homes and commercial facilities will be built to serve the 30,000 people who will ultimately make their homes on this property at left is an aerial view of the new south shore shopping center in process of construction located on the alameda south shore hydraulic fill and reclamation project the site is close to n co itr tled access to a major route linking san francisco oakland alameda and the san leandro-hayward area the center is rapidly developing as a major east bay shopping area b n ng adequate access and parking with in the background lies metropolitan san fran utah's executive offices and also the offices of certain of the subsidiary and affiliated com