The New York Wheel will have a host of luxury amenities including mobile bars and a 20-seat eatery.
After a long delayed vote, the council unanimously approved the Ferris wheel and outlet mall.
The commission unanimously approved the 625-foot-tall Ferris wheel, which is set to open in 2016.
Community Board 1's Land Use Committee voted in favor of the wheel and outlet malls' application.
At a civic association meeting, residents expressed concern that the wheel will back up traffic.
At the first public meeting for the New York Wheel, residents complained about the loss of their view.
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