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Undeveloped Land and Construction in Progress (Tables)
 6 Months Ended
Jun. 30, 2012
Undeveloped Land and Construction in Progress

 
 
 
Total Units/
 
Costs Capitalized
 
Location
 
Square Feet (1)
 
to Date
($ in thousands)
 
 
(unaudited)
 
 
Active Developments:
 
 
 
 
 
Multifamily:
 
 
 
 
 
Colonial Grand at Ayrsley (Phase II)
Charlotte, NC
 
81

 
$
1,484

Colonial Grand at Double Creek
Austin, TX
 
296

 
15,972

Colonial Grand at Hampton Preserve
Tampa, FL
 
486

 
51,033

Colonial Grand at Lake Mary (Phase I)
Orlando, FL
 
232

 
21,565

Colonial Grand at Lake Mary (Phase II)
Orlando, FL
 
108

 
4,394

Colonial Grand at Randal Park
Orlando, FL
 
462

 
16,062

Colonial Reserve at South End
Charlotte, NC
 
353

 
18,727

 
 
 
2,018

 
$
129,237

Commercial:
 
 
 
 
 
Colonial Promenade Huntsville (Phase I) (2)
Huntsville, AL
 
—

 
$
3,764

 
 
 
 
 
 
Total Active Developments
 
 
 
 
$
133,001

 
 
 
 
 
 
Future Developments:
 
 
 
 
 
Multifamily:
 
 
 
 
 
Colonial Grand at Azure
Las Vegas, NV
 
390

 
$
10,575

Colonial Grand at Bellevue (Phase II)
Nashville, TN
 
220

 
3,441

Colonial Grand at Sweetwater
Phoenix, AZ
 
195

 
7,240

Colonial Grand at Thunderbird
Phoenix, AZ
 
244

 
8,409

 
 
 
1,049

 
$
29,665

Commercial:
 
 
 
 
 
Colonial Promenade Huntsville (Phase II) (2)
Huntsville, AL
 
—

 
$
3,958

Colonial Promenade Nord du Lac (3)
Covington, LA
 
236,000

 
25,311

Randal Park
 
 
—

 
16,595

 
 
 
236,000

 
$
45,864

Other Undeveloped Land:
 
 
 
 
 
Multifamily
 
 
 
 
$
2,341

Commercial
 
 
 
 
45,338

Commercial Outparcels/Pads
 
 
 
 
14,397

For-Sale Residential Land (4)
 
 
 
 
69,924

 
 
 
 
 
$
132,000

Total Future Developments
 
 
 
 
$
207,529

Consolidated Undeveloped Land and Construction in Progress
 
 
 
$
340,530

_______________________
(1)
Units refer to multifamily apartment units. Square feet refers to commercial space and excludes space owned by anchor tenants.
(2)
The Company is currently preparing site-work for this commercial development. The Company is still evaluating plans for this commercial project. Therefore, dollars attributable to this development are subject to change.
(3)
The Company intends to develop this project in phases over time. Costs capitalized to date for this development, including costs for Phase I, which was placed into service in 2010, are presented net of an aggregate of $25.8 million of non-cash impairment charges recorded during 2009 and 2008.
(4)
These costs are presented net of $24.6 million of non-cash impairment charges recorded on two of the projects in 2009, 2008 and 2007.