CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Condominium rights and unit sales	$ 485,634	$ 305,284	$ 83,565
Master Planned Community land sales	215,318	187,399	325,099
Minimum rents	173,268	150,805	97,234
Builder price participation	21,386	26,846	20,908
Tenant recoveries	44,330	39,542	28,353
Hospitality revenues	62,252	45,374	37,921
Other land revenues	16,232	14,803	16,503
Other rental and property revenues	16,585	27,035	24,982
Total revenues	1,035,005	797,088	634,565
Expenses:
Condominium rights and unit cost of sales	319,325	191,606	49,995
Master Planned Community cost of sales	95,727	88,065	119,672
Master Planned Community operations	42,371	44,907	41,794
Other property operating costs	65,978	72,751	67,034
Rental property real estate taxes	26,847	24,138	17,407
Rental property maintenance costs	12,392	10,712	9,135
Hospitality operating costs	49,359	34,839	31,829
Provision for doubtful accounts	5,664	4,030	1,404
Demolition costs	2,212	3,297	6,734
Development-related marketing costs	22,184	25,466	22,783
General and administrative	86,588	81,345	73,569
Depreciation and amortization	95,864	98,997	55,958
Total expenses	824,511	680,153	497,314
Operating income before other items	210,494	116,935	137,251
Other:
Provision for impairment	(35,734)
Gain on sale of 80 South Street Assemblage	140,549
Other income, net	11,453	1,829	29,471
Total other	116,268	1,829	29,471
Operating income	326,762	118,764	166,722
Interest income	1,359	586	22,531
Interest expense	(65,724)	(59,744)	(38,624)
Warrant liability (loss) gain	(24,410)	58,320	(60,520)
Gain on acquisition of partner's interest in Millennium Six Pines Apartments	27,088
Increase in tax indemnity receivable			90
Loss on settlement of tax indemnity receivable			(74,095)
(Loss) gain on disposal of operating assets	(1,117)	29,073
Equity in earnings from Real Estate and Other Affiliates	56,818	3,721	23,336
Income (loss) before taxes	320,776	150,720	39,440
Provision for income taxes	(118,450)	(24,001)	(62,960)
Net income (loss)	202,326	126,719	(23,520)
Net income attributable to noncontrolling interests	(23)		(11)
Net income (loss) attributable to common stockholders	$ 202,303	$ 126,719	$ (23,531)
Basic income (loss) per share: (in dollars per share)	$ 5.12	$ 3.21	$ (0.60)
Diluted income (loss) per share: (in dollars per share)	$ 4.73	$ 1.60	$ (0.60)