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Note 4 - Real Estate Under Development | 3 Months Ended
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Mar. 31, 2018
Notes to Financial Statements |
Real Estate Under Development [Text Block] | 4. Real Estate Under Development The Company is engaged in various real estate development projects for long-term investment. As of March 31, 2018, the Company had in progress a total of four active real estate development projects and two additional projects held for future development. The costs incurred to date for these real estate development projects are as follows (in thousands):
Property Name | Location |  | March 31, 2018 |  |  | December 31, 2017 |
Grand Parkway Marketplace | Spring, TX |  | $ | 45,063 |  |  | $ | 43,403 |
Dania Pointe (1) | Dania Beach, FL |  |  | 184,934 |  |  |  | 152,841 |
Mill Station | Owings Mills, MD |  |  | 35,689 |  |  |  | 34,347 |
Lincoln Square | Philadelphia, PA |  |  | 118,764 |  |  |  | 90,479 |
Avenues Walk (2) | Jacksonville, FL |  |  | 48,573 |  |  |  | 48,573 |
Promenade at Christiana (3) | New Castle, DE |  |  | 32,659 |  |  |  | 32,875 |
Total (4) |  |  | $ | 465,682 |  |  | $ | 402,518 |
| ( 1 ) | These costs include expenditures for phase I and phase II offsite and infrastructure requirements. During the three months ended March 31, 2018, the Company acquired a parcel adjacent to this development project for a purchase price of $4.6 million.
| ( 2 ) | Mixed-use project to be developed in the future.
| ( 3 ) | Land held for future development.
| ( 4 ) | Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $31.8 million and $27.7 million, as of March 31, 2018 and December 31, 2017, respectively.
During the three months ended March 31, 2018, the Company capitalized (i) interest of $3.0 million, (ii) real estate taxes, insurance and legal costs of $0.7 million and (iii) payroll of $0.4 million, in connection with these real estate development projects.

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