Quarterly report pursuant to Section 13 or 15(d)

Developments of Consolidated Outlet Centers

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Developments of Consolidated Outlet Centers
 3 Months Ended
Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Developments of Consolidated Outlet Centers
Developments of Consolidated Outlet Centers

The table below sets forth our consolidated outlet centers under development as of March 31, 2016:
Project
Approximate square feet
(in 000's)
Costs Incurred to Date
(in millions)
Borrowed to date
(in millions)
Projected Opening
Daytona Beach
352

$
33.4

—

Holiday 2016

Daytona Beach

In November 2015, we purchased land for approximately $9.9 million and commenced construction on the development of a wholly owned outlet center in Daytona Beach, Florida.