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Development Projects Costs
3 Months Ended
Mar. 31, 2019
Project Development Costs [Abstract]  
Development Projects Costs
Development Projects Costs
Capitalized Project Development Costs
At March 31, 2019 and December 31, 2018, capitalized Development Projects costs incurred were approximately $6.9 million and $5.7 million, respectively. Total capitalized Development Projects costs at March 31, 2019 consisted of $5.9 million of construction costs, site development, contractor insurance, general conditions, architectural fees and construction manager fees, and approximately $1.0 million of professional service fees including legal and accounting fees. Total capitalized Development Projects costs at December 31, 2018 consisted of $4.2 million of construction costs, site development, contractor insurance, general conditions, architectural fees and construction manager fees, and approximately $1.5 million of professional service fees, including legal and accounting fees.
In September 2018, ERREI entered into a standard contractor agreement for the construction of the Golf Course Project, at a cost of approximately $21.2 million. The Company began construction in September 2018.