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Rego Park II Apartment Tower
6 Months Ended
Jun. 30, 2013
Real Estate Owned Disclosure Of Detailed Components [Abstract]  
Real Estate Disclosure [Text Block]

12.       Rego Park II Apartment Tower

We have commenced the construction of an apartment tower, which will contain approximately 300 units aggregating 250,000 square feet, above our Rego Park II shopping center. The capital expenditures related to the proposed development are expected to be approximately $125,000,000. There can be no assurance that the project will be completed on schedule, or within budget.