Quarterly report pursuant to Section 13 or 15(d)

New Developments of Consolidated Outlet Centers

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New Developments of Consolidated Outlet Centers
9 Months Ended
Sep. 30, 2014
Real Estate Developments [Abstract]  
New Developments of Consolidated Outlet Centers
New Developments of Consolidated Outlet Centers

Foxwoods, Connecticut

In September 2013, we broke ground at Foxwoods Resort Casino in Mashantucket, Connecticut on Tanger Outlets at Foxwoods. We own a two-thirds controlling interest in the joint venture, which is consolidated for financial reporting purposes. To date, we have contributed approximately $45.8 million to the project for construction and development activities. The approximately 314,000 square foot project will be suspended above ground to join the casino floors of the two major hotels located within the resort. We currently expect the property to open in the second quarter of 2015.

Grand Rapids

In July 2014, we purchased land to develop an outlet center in Grand Rapids, Michigan for approximately $8.0 million. We expect this development to be approximately 358,000 square feet with an opening during the second half of 2015.