City Council Gives Staten Island’s New York Wheel the Green Light. (Courtesy NYC Mayor’s Office) It is official. The world’s tallest Ferris wheel will rise on Staten Island‘s waterfront. Today, New York City Council approved the New York Wheel, a mixed-use development project, designed by Perkins Eastman. The project will include a 100,000-square foot Terminal building in addition to retail, restaurants, open space, entertainment, and a 950-parking garage. The structure will implement green design strategies and feature wind turbines and solar panels. Construction will commence in 2014 and be completed by 2016.