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, 2017
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, 2017:
Project
Approximate square feet
(in 000's)
Costs Incurred to Date
(in millions)
Projected Opening
New development:
 
 
 
Fort Worth
352

$
35.9

October 2017
 
 
 
 
Expansion:
 
 
 
Lancaster
123

23.6

September 2017
 
 
 
 
Total
475

$
59.5

 

Fort Worth

In September 2016, we purchased land in the greater Fort Worth, Texas area for approximately $11.2 million and began construction immediately on the development of a wholly-owned outlet center. The outlet center will be located within the 279-acre Champions Circle mixed-use development adjacent to Texas Motor Speedway.

Lancaster Expansion

In July 2016, we commenced construction on a 123,000 square foot expansion of our outlet center in Lancaster, Pennsylvania.

Interest Costs Capitalized

Interest costs capitalized for development activities, including development in our unconsolidated joint ventures, was $492,000 and $482,000 for the three months ended March 31, 2017 and 2016, respectively.