Quarterly report pursuant to Section 13 or 15(d)

Developments of Consolidated Outlet Centers

v3.5.0.2
Developments of Consolidated Outlet Centers
6 Months Ended
Jun. 30, 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 June 30, 2016:
Project
Approximate square feet
(in 000's)
Costs Incurred to Date
(in millions)
Borrowed to date
(in millions)
Projected Opening
Daytona Beach
352

$
49.8


November 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.