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Rego Park II Apartment Tower
3 Months Ended
Mar. 31, 2015
Rego Park II Apartment Tower [Abstract]  
Rego Park II Apartment Tower [Text Block]

5.       Rego Park II Apartment Tower

We are in the process of constructing an apartment tower above our Rego II shopping center, containing 312 units aggregating 255,000 square feet, which is expected to be completed in 2015. The estimated cost of this project is approximately $125,000,000, of which $87,087,000 has been incurred as of March 31, 2015. There can be no assurance that the project will be completed on schedule or within budget.