New York State has announced it will cap a South Bronx railyard and build a large development on top to energize the borough’s economy.

In late November, Empire State Development put out a Request For Expressions of Interest (RFEI) aimed at developers who could build, a lá Hudson Yards, a platform over a 12.8-acre strip of railyard without compromising the functionality of a critical regional juncture for commercial trains and trucks. The RFEI asks interested parties to present options for the lease or purchase of the land to construct a residential or mixed-use project with a public space component.

“It’s exciting, and very rare to offer the opportunity to develop more than a dozen acres of prime waterfront land in New York City,” said Empire State Development president, CEO, and commissioner Howard Zemsky, in a statement. “This South Bronx location offers easy access to the waterfront, multiple mass transit options, and a major highway and I’m certain that the Harlem River Yards central location and enormous potential will generate great interest from respondents looking to submit creative proposals.”

The land, north of the Willis Avenue Bridge along the Harlem River, is part of a 96-acre tract called Harlem River Yards. The industrial area is state-owned but managed through a general project plan—because of this designation, the state needs no city approvals to rezone and build on the land. In addition to housing and retail, the RFEI calls for parkland that allows access to the waterfront.

The state will continue to use the land as a transfer station even after the new development opens. Interested? Developers have until February 2 to submit a proposal.