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PITTSBURGH (KDKA) – If all goes according to plan, work on a $700 million development could begin on the North Shore next year.

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According to the Pittsburgh Business Times, Millcraft Investments is looking to use two sites near the Rivers Casino for mixed-use development that would include a hotel, condos, apartment buildings, retail and office space.

(Photo Courtesy: Millcraft Investments)

But that isn’t the best part.

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The project, call “Esplanade,” also includes a 12-foot deep manmade lagoon and a Ferris wheel.

Photo Credit: Millcraft Investments

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The 2-acre lagoon would be the first in the world with the capability to convert from a summertime attraction where people can swim, kayak and paddleboard to a frozen skating rink in the winter, according to a news release from the company.