New York Wheel


The Latest

A rendering of the New York Wheel (Credit: S9 Architecture | Perkins Eastman)

The New York Wheel is back! Maybe. And it would be smaller.

Efforts are underway to try reviving the long-suffering New York Wheel. The project’s developers announced in October that they...

The New York Wheel is back! Maybe. And it would be smaller.
City still has no plans for the languishing New York Wheel site

City still has no plans for the languishing New York Wheel site

Six months after the New York Wheel was nixed, the city still has no plan for the vacant site....

City still has no plans for the languishing New York Wheel site
EB-5 projects 702 Seventh Avenue and The Wheel (Credit: iStock)

EB-5’s WeChat wars

Not long after developers pulled the plug on the $900 million New York Wheel – the biggest EB5-backed project ever to go belly-up – a group on the popular Chinese messaging app WeChat lit...

EB-5’s WeChat wars
The New York Wheel is getting sold for parts at auction

The New York Wheel is getting sold for parts at auction

Discarded parts from the failed New York Wheel project will get put up for auction next month in Delaware....

The New York Wheel is getting sold for parts at auction
Here’s what the death of the New York Wheel could mean for Staten Island  real estate

Here’s what the death of the New York Wheel could mean for Staten Island
real estate

The New York Wheel, a more than $900 million project that was plagued with infighting and cost overruns, was meant to bring a world...

Here’s what the death of the New York Wheel could mean for Staten Island
real estate
The New York Wheel’s demise marks one of the largest EB-5 failures ever

The New York Wheel’s demise marks one of the largest EB-5 failures ever

The New York Wheel is officially dead, putting an end to an ambitious project that was marred by years...

The New York Wheel’s demise marks one of the largest EB-5 failures ever
Lloyd Goldman, Jeffrey Feil threaten to pull the plug on the New York Wheel

Lloyd Goldman, Jeffrey Feil threaten to pull the plug on the New York Wheel

Investors Lloyd Goldman and Jeffrey Feil are ready to abandon their plans for Staten Island’s beleaguered New York Wheel....

Lloyd Goldman, Jeffrey Feil threaten to pull the plug on the New York Wheel
The New York Wheel gets another lifeline

The New York Wheel gets another lifeline

The embattled New York Wheel now has until early 2019 to get the project on track. The Wheel’s developer and former contractor hashed out a new deal which would give the development team an...

The New York Wheel gets another lifeline
City won’t use public funds to save the wounded New York Wheel

City won’t use public funds to save the wounded New York Wheel

Another day, another setback for the beleaguered New York Wheel. The developers of the proposed observation wheel on Staten...

City won’t use public funds to save the wounded New York Wheel
Not dead yet: New York Wheel deadline extended to Sept. 11

Not dead yet: New York Wheel deadline extended to Sept. 11

The New York Wheel will live on for at least one more week. The developers and contractor Mammoet-Starneth reached...

Not dead yet: New York Wheel deadline extended to Sept. 11
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