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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.

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.

RELATED STORY: Breathtakingly Beautiful Blue Lagoon Planned For Pittsburgh’s North Side

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

Photo Credit: Millcraft Investments

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.