Commitments And Contingencies (Tables) |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Commitments And Contingencies Disclosure [Line Items] | |
| Tax Abatement Agreements [Table Text Block] | Pilot Payments PILOT 2021 2020 2019Property NameLocationAsset TypeExpiration Dates (Dollars in Thousands)Port Imperial South 1/3 Garage (a)Weehawken, NJParking Garage12/2020$ -$ 303$ 289BLVD 475 (Monaco) (b)Jersey City, NJMultifamily2/2021 443 1,811 2,149111 River Street Hoboken, NJOffice4/2022 1,470 1,470 1,406Harborside Plaza 4A (c)Jersey City, NJOffice2/2022 1,057 1,062 1,080Harborside Plaza 5 (d)Jersey City, NJOffice6/2022 4,324 4,415 4,352BLVD 401 (Marbella 2) (e)Jersey City, NJMultifamily4/2026 1,277 1,151 1,394RiverHouse 11 at Port Imperial (f)Weehawken, NJMultifamily7/2033 1,369 1,143 1,030Port Imperial 4/5 Hotel (g)Weehawken, NJHotel12/2033 2,925 2,161 2,214RiverHouse 9 at Port Imperial (h)Weehawken, NJMultifamily6/2046 350 - -Haus 25 (i)Jersey City, NJMixed-Use(i) - - -Park Apartments at Port Imperial (j)Weehawken, NJMultifamily(j) - - -Total Pilot taxes $ 13,215$ 13,516$ 13,914 (a)Taxes to be paid at 100 percent on the land value of the project only over five year period and allows for a phase in of real estate taxes on the building improvement value at zero percent in year one and 95 percent in years two through five.(b) The annual PILOT is equal to ten percent of Gross Revenues, as defined.(c)The annual PILOT is equal to two percent of Total Project Costs, as defined. The total Project Costs are $49.5 million.(d)The annual PILOT is equal to two percent of Total Project Costs, as defined. The total Project Costs are $170.9 million.(e)The annual PILOT is equal to ten percent of Gross Revenues for years 1-4, 12 percent for years 5-8 and 14 percent for years 9-10, as defined.(f)The annual PILOT is equal to 12 percent of Gross Revenues for years 1-5, 13 percent for years 6-10 and 14 percent for years 11-15, as defined.(g)The annual PILOT is equal to two percent of Total Project Costs, as defined.(h)The annual PILOT is equal to 11 percent of Gross Revenues for years 1-10, 12.5 percent for years 11-18 and 14 percent for years 19-25, as defined.(i)For a term of 25 years following substantial completion, which is anticipated to occur in the second quarter of 2022. The annual PILOT is equal to seven percent of Gross Revenues, as defined.(j)For a term of 25 years following substantial completion. The annual PILOT is equal to 11 percent of Gross Revenues for years 1-10, 12.5 percent for years 11-18 and 14 percent for years 19-25, as defined. |
| VERIS RESIDENTIAL, L.P. [Member] | |
| Commitments And Contingencies Disclosure [Line Items] | |
| Tax Abatement Agreements [Table Text Block] | Pilot Payments PILOT 2021 2020 2019Property NameLocationAsset TypeExpiration Dates (Dollars in Thousands)Port Imperial South 1/3 Garage (a)Weehawken, NJParking Garage12/2020$ -$ 303$ 289BLVD 475 (Monaco) (b)Jersey City, NJMultifamily2/2021 443 1,811 2,149111 River Street Hoboken, NJOffice4/2022 1,470 1,470 1,406Harborside Plaza 4A (c)Jersey City, NJOffice2/2022 1,057 1,062 1,080Harborside Plaza 5 (d)Jersey City, NJOffice6/2022 4,324 4,415 4,352BLVD 401 (Marbella 2) (e)Jersey City, NJMultifamily4/2026 1,277 1,151 1,394RiverHouse 11 at Port Imperial (f)Weehawken, NJMultifamily7/2033 1,369 1,143 1,030Port Imperial 4/5 Hotel (g)Weehawken, NJHotel12/2033 2,925 2,161 2,214RiverHouse 9 at Port Imperial (h)Weehawken, NJMultifamily6/2046 350 - -Haus 25 (i)Jersey City, NJMixed-Use(i) - - -Park Apartments at Port Imperial (j)Weehawken, NJMultifamily(j) - - -Total Pilot taxes $ 13,215$ 13,516$ 13,914 (a)Taxes to be paid at 100 percent on the land value of the project only over five year period and allows for a phase in of real estate taxes on the building improvement value at zero percent in year one and 95 percent in years two through five.(b) The annual PILOT is equal to ten percent of Gross Revenues, as defined.(c)The annual PILOT is equal to two percent of Total Project Costs, as defined. The total Project Costs are $49.5 million.(d)The annual PILOT is equal to two percent of Total Project Costs, as defined. The total Project Costs are $170.9 million.(e)The annual PILOT is equal to ten percent of Gross Revenues for years 1-4, 12 percent for years 5-8 and 14 percent for years 9-10, as defined.(f)The annual PILOT is equal to 12 percent of Gross Revenues for years 1-5, 13 percent for years 6-10 and 14 percent for years 11-15, as defined.(g)The annual PILOT is equal to two percent of Total Project Costs, as defined.(h)The annual PILOT is equal to 11 percent of Gross Revenues for years 1-10, 12.5 percent for years 11-18 and 14 percent for years 19-25, as defined.(i)For a term of 25 years following substantial completion, which is anticipated to occur in the second quarter of 2022. The annual PILOT is equal to seven percent of Gross Revenues, as defined.(j)For a term of 25 years following substantial completion. The annual PILOT is equal to 11 percent of Gross Revenues for years 1-10, 12.5 percent for years 11-18 and 14 percent for years 19-25, as defined. |