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CALMAT'S 90-ACRE RIO VISTA WEST PROJECT APPROVED

 LOS ANGELES, Dec. 8 /PRNewswire/ -- CalMat Co. (NYSE: CZM) announced today that its 90-acre Rio Vista West development has been unanimously approved by the San Diego City Council as the city's first Transit Oriented Development. Rio Vista West development plans call for 325,000 square feet of retail space, 165,000 square feet of office space and approximately 1,000 residential units. The project will be built in several phases over a seven- to 10-year-period with an estimated total value of land, buildings and other improvements at completion of $175 million. As the master developer, CalMat Properties Co., a wholly owned subsidiary of CalMat Co., will sell component parts to other developers who will build out the various elements.
 Located in the heart of Mission Valley in the geographic center of San Diego County, Rio Vista West is oriented around the planned Light Rail Transit Mission Valley West trolley line with a station to be built at the project.
 CalMat Co. is one of the largest U.S. producers of construction aggregates, asphalt and ready-mixed concrete. It operates in California, Arizona, and New Mexico. Through its Properties Division, the company manages an extensive portfolio of developed and undeveloped property, including Rio Vista West.
 -0- 12/8/93
 /CONTACT: H. James Gallagher, executive VP-Finance of CalMat, 213-258-2777/
 (CZM)


CO: CalMat Co. ST: California IN: CST SU:

MF-JL -- LA005 -- 1643 12/08/93 09:30 EST
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Publication:PR Newswire
Date:Dec 8, 1993
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