New York Wheel

Image credit: S9 Architecture / Perkins Eastman

May 29, 2019

Staten Island’s New York Wheel may get its turn after all

The fabled and forsaken New York Wheel, Staten Island's ill-fated answer to the Eiffel Tower, may be getting yet another chance. Last October it was announced that the 630-foot would-be world’s tallest Ferris wheel, anchoring the borough’s North Shore, was a no-go, mired in years of court battles and pay disputes. Now, NY1 reports, plans for a scaled-down version of the wheel may be back on the table. The city's Economic Development Corporation (EDC), who set the original wheel idea in motion, is meeting with a new developer about the possibility of a smaller wheel.
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New Developments

Via New York Wheel

May 1, 2019

NYC still has no plan for vacant New York Wheel site, six months after project was terminated

By Devin Gannon

The city has not put forth a plan for the vacant Staten Island site of the New York Wheel, a project which was called off last year after nearly a decade of planning. According to the Staten Island Advance, the city's Economic Development Corporation, which oversees the property, has not released any request for proposals for the site. Construction of the project, sold as the world's tallest Ferris wheel, was halted two years ago when the contractor walked off site over unpaid bills. Last October, with $450 million already invested, the project was called off.
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Policy

December 10, 2018

Scraps from ill-fated New York Wheel will go up for auction next month

By Devin Gannon

The project to build the would-be world's tallest Ferris wheel in Staten Island was called off in October, after nearly a decade of delays and $450 million in investment. While the proposed 630-foot New York Wheel is officially dead, parts of the ill-fated attraction will go up for auction next month, the New York Post reported. Items up for sale include the wheel's legs, valued at $9.2 million, and drive towers, for $3.3 million.
Get your hands on the wheel

Uncategorized

October 23, 2018

With $450M invested, Staten Island’s New York Wheel is a no go

By Michelle Cohen

Staten Island’s New York Wheel project, SIAdvance reports, is dead. Cristyne Nicholas, a spokesperson for the project, has announced that the would-be world’s tallest Ferris wheel, dreamed up to anchor the redevelopment of the borough’s North Shore, will never be a reality. “After years of planning, the developers of The New York Wheel announce, with great disappointment, that the dream of building a world class attraction in Staten Island will unfortunately not come to fruition," Nicholas said. Construction on the privately-funded project that has been in the works for over half a decade was halted in May of 2017. $450 million had already been invested in the 630-foot Ferris wheel, which was originally scheduled to open in October of 2016. The total cost of the project was estimated at nearly $1 billion.
So what happened?

Policy

Update 9/7/18: The de Blasio administration on Thursday said the city will not provide any funds to help finish the New York Wheel, NY1 reported. According to an official from NYCEDC, “public funds are too scarce and valuable to be leveraged for this venture.” The New York Wheel has until Sept. 11 to determine whether its project can continue.

September 5, 2018

If New York Wheel doesn’t restart construction in one week, the project could be done for good

By Devin Gannon

The New York Wheel, a project plagued by years of delays and legal battles, has one week to recommence construction or work on the Staten Island job will stop. In May, developers were given 120 days, by Sept. 5, to find funding and a new contractor for the 630-foot Ferris wheel. In court papers filed Tuesday, the New York Wheel asked for a one-week extension, until Sept. 11, to find ways to restart construction, Staten Island Advance reported.
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Policy

May 9, 2018

New York Wheel has four months to find funding to restart work

By Dana Schulz

"[We are] committed to the completion of the project, which is the centerpiece of a Staten Island redevelopment project. This settlement will allow New York Wheel the opportunity to finalize its financing arrangements and re-commence the construction and completion of the Wheel," the New York Wheel said in a statement responding to a bankruptcy court stipulation that gives the project 120 days to find the required funds and hire a new contractor (h/t SI Advance). This comes after the project's design team walked off the job last June amidst a "bitter pay dispute" with the developer. The 630-foot Ferris wheel has been plagued by cost overruns and delays from the beginning, so if they're not able to get things back on track by September 5th, it could mean the end of what was planned to be a major revenue generator and attraction for Staten Island.
The whole saga

Policy

June 26, 2017

New York Wheel construction grinds to a halt after designer walks off the job

By Dana Schulz

The New York Wheel, Staten Island's under-construction 630-foot Ferris wheel, has been plagued with cost overruns (it's gone from a $230 to $590 million project), delays, and skepticism from the beginning, and it appears that these missteps have finally come to a head. The Post reports that the project's design team, European company Mammoet-Starneth who was also responsible for the London Eye, walked off the job in late May and threatened to terminate their contract after they "got into a bitter pay dispute with the developer." The New York Wheel LLC then filed a federal suit claiming that halting work was putting the borough's waterfront revitalization at stake and that Mammoet is responsible for “extortionate” billing, "defective" equipment, and shoddy, dangerous construction.
The full story this way

November 14, 2016

New York Wheel’s first two pedestals arrive on Staten Island

By Diane Pham

In early October, the New York Wheel welcomed its four massive legs at the South Brooklyn Marine Terminal in Sunset Park—the first physical components of the project to find their way to NYC. Now another milestone has been met, as Friday marked the first delivery of parts to the official Staten Island construction site. According a press release, two of the wheel's four pedestals have been unloaded, and another two will arrive later this week.
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Architecture And Design

October 4, 2016

New York Wheel’s four 500-ton legs arrive in New York harbor

By Dana Schulz

Despite its opening being pushed to April 2018, the New York Wheel is marking a major milestone--the arrival of its first physical components. According to a press release, the Staten Island Ferris wheel's four legs arrive today to the South Brooklyn Marine Terminal (SBMT). When complete, the 60-story, 630-foot wheel will be the world’s tallest, so it makes sense that each leg weighs in at a whopping 500 tons and measures 18 feet wide and 275 feet tall.
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Uncategorized

August 17, 2016

POLL: Will the New York Wheel Revitalize Staten Island?

By Dana Schulz

Though the New York Wheel got its first shipment of crane parts last month, its opening has been pushed back from late 2017 to April of 2018, reports DNAinfo. Construction on the $580 million Staten Island Ferris wheel is still on track to finish up next year, at which time it will resemble the renderings, but "the wheel requires rigorous testing and commissioning that must be conducted to the highest standards," said its CEO Rich Marin. This is not the first time the project has been delayed, and it's also been plagued by financial issues (it went $300 million over budget) and legal battles, but the developers are still optimistic. In fact, they're projecting that the attraction will be more lucrative than the Empire State Building’s observation deck and bring in more than four million visitors during its first year. But is a giant Ferris wheel enough to revitalize an entire borough, especially the one that's for so many years been the black sheep of NYC?
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Uncategorized

The New York Wheel Gets Its First Shipment of Crane Parts

By Dana Schulz

Sunset Park was recently named one of the 15 coolest neighborhoods in the country, due in large part to the burgeoning success of Industry City and the Bush Terminal Park. And in addition to its booming creative sector, the 'hood can now include a revival of its shipping industry on its growing list of assets. As DNAinfo reports, on June 28th a cargo ship from Denmark carrying large crane parts for construction of Staten Island's New York Wheel arrived at the South Brooklyn Marine Terminal (SBMT), where it was docked for five days with around 30 union longshoreman moving the cargo. This was the first shipment to the site in more than 10 years, revitalizing it as "a working maritime port facility" that will hopefully create hundreds of jobs.
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Transit

December 14, 2015

Staten Island Ferris Wheel Projected to Bring in More Revenue Than the Empire State Building

By Dana Schulz

Despite controversy, several delays, and a $30 million crowdfunding attempt, the New York Wheel is projecting major first-year revenue. According to The Real Deal, developers of the 630-foot Staten Island ferris wheel expect to bring in a staggering $127.85 million in 2017, a figure that will make it more lucrative than the Empire State Building's observation deck, which raked in $111.5 million last year. Of the total revenue, $96 million is projected to come from admission fees (which come in at $35 a person, as compared to the Empire State Building's $32); $10 million from sponsorships; and $8.7 million from gift shop sales. And if you're impressed by these numbers, annual revenue will likely grow to $166.52 million by 2021!
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Real Estate Trends

April 15, 2015

The City Breaks Ground on New York’s 630-Foot Ferris Wheel Tomorrow!

By Diane Pham

Hold on to your hats, folks! After countless delays, the New York Wheel is finally back on track. Architizer reports that workers are gearing up to break ground tomorrow, April 16th, on what is slated to become the world's tallest observation wheel. Providing panoramic views of New York Harbor and the cityscape beyond, the 630-foot wheel located at the tip of St. George on northern Staten Island is primed to become one of the most epic ways to experience New York City.
FInd out more on the cost and admission here

Architecture And Design

October 17, 2014

Staten Island Ferris Wheel Project Will Include a Subway Simulation Ride

By Dana Schulz

If Staten Islanders have felt left out of the subway rat race all these years, they’ll soon be able to get in on the action without leaving their home borough. The developers of the massive New York Wheel–the 60-story Ferris Wheel on the Staten Island waterfront set to become the tallest observation wheel in the world–have […]

Real Estate Trends

August 11, 2014

Scoping Out Staten Island: New Developments in the Oft-Forgotten Borough

By Dana Schulz

You won't find any Staten Island jokes or snarky references to secession here. No, we're celebrating the borough that so easily gets forgotten amid the shiny new towers of Manhattan and trendy culture waves of Brooklyn. But just because it might not make daily headlines, doesn't mean that Staten Island isn't in the middle of some pretty amazing developments. From the Staten Island Ferris Wheel to the borough becoming the next great tech hub, we've rounded up the cultural, economic, and architectural projects that are going to make you want to board the Staten Island Ferry in pursuit of your new home.
Check out our list and get ready to start packing

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