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Rego Park II Apartment Tower
3 Months Ended
Mar. 31, 2013
Real Estate Owned Disclosure Of Detailed Components [Abstract]  
Real Estate Disclosure [Text Block]

11.       Rego Park II Apartment Tower

We are currently evaluating plans to construct an apartment tower containing approximately 300 units aggregating 250,000 square feet, above our Rego Park II shopping center. The funding required for the proposed development will be approximately $100,000,000 to $120,000,000. There can be no assurance that the project will commence, or if commenced, be completed on schedule or within budget.