Salt Lake City: Livability in the 21st Century

Woodbury Corporation and its principals own,
control and/or manage over 11 million square feet
of retail, office and industrial buildings, 12 hotels
comprising over 1,500 rooms, and more than 1,300
residential units in 11 Western and Midwestern
states. Continuing to lead in commercial real estate
development with complex public-private partnerships
and land-use concepts, its original principles
and values remain the bedrock of today’s organization.
• First Generation–Industrial Era. F. Orin Woodbury
entered the real estate business in 1919. Often passing
on profitable opportunities in order to build a
reputation of integrity over income, the F. Orin Woodbury
Company continued to flourish through the Great
Depression. In 1935 it was reorganized as Woodbury
Corporation. F. O. led in real estate circles locally and
nationally, helping develop education programs and
professional designations. He served as national president
of the Institute of Real Estate Management (IREM) and
Counselors of Real Estate (CRE). F. O. brokered many
significant land assemblage deals including the Standard
Oil refinery and pipeline, Utah State Penitentiary,
Veterans Hospital and the Remington Arms Plant.
• Second Generation–Shopping Center Development Era.
F. O.’s sons, Wallace and Orin led the development of
multiple shopping centers including University Mall in
Orem, Utah, over twenty Kmart anchored centers and
many grocery anchored shopping centers. Present
company chairman Orin R. Woodbury was an aviator and
naval flight instructor during World War II, later working
for the Woodbury Corporation and founding Practical
Building Company, a residential construction business.
In 1954, F. O., Orin and Wally founded Richards
Woodbury Mortgage Corporation, where Orin served
for over thirty years, while continuing his role with
Woodbury Corporation. Well into his nineties, Orin
continues to work every day contributing to the ongoing
success of Woodbury Corporation.
• Third Generation–Diversified Development Era. Rick,
Randy, Lynn, Jeff and Guy Woodbury, F. O.’s grandsons,
have led the development and acquisition of over 100
office, retail, hotel, and apartment projects including
University Mall redevelopment in Orem; The Meadows
in American Fork; the University of Utah Research Park;
and one of the largest Enhanced Use Lease projects in
U.S. history at Utah’s Hill Air Force Base.
• Fourth Generation–Innovative Development Era. Two
dozen additional family members and other company
executives are engaged in projects emphasizing innovative,
green approaches to development of new assets and
redevelopment of current portfolio assets. Woodbury
Corporation focuses on producing properties that are
needed in its communities. This diversification helps
Woodbury remain strong through fluctuating economies,
continuing to seek emerging trends that make real estate
equities more profitable.
For additional information, including upcoming projects,
services offered and much more, visit www.woodburycorp.com.
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Left: Springhill Suites by Marriott, Draper, Utah—A new, smart, and stylish,
124 suite hotel owned, developed, and managed by Woodbury.
Below: Falcon Hill, Hill Air Force Base, Utah—A 550 acre national
aerospace and research park located along Interstate 15 owned, developed,
and managed by Woodbury.
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