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Rego Park II Apartment Tower
9 Months Ended
Sep. 30, 2014
Real Estate Owned Disclosure Of Detailed Components [Abstract]  
Real Estate Disclosure [Text Block]

5.       Rego Park II Apartment Tower

Above our Rego Park II shopping center, we are in the process of constructing an apartment tower that will contain approximately 300 units aggregating 250,000 square feet, which is expected to be completed in 2015. The estimated cost of this project is approximately $125,000,000, of which $54,029,000 has been incurred as of September 30, 2014. There can be no assurance that the project will be completed on schedule, or within budget.