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12 March 2013, 11:44 | Updated: 12 March 2013, 12:05
Boris Johnson wants to build a floating village on the Thames in East London.
The Mayor is looking for developers to come up with ideas for a community of homes, hotels, restaurants and bars in the Royal Docks.
The 15 acre site sits directly under the Emirates Airline cable car.
When complete it will be one and half times the size of Green Park and have some of the best transport links in the capital with a new Crossrail station, DLR and the cable car linking it to central London and Canary Wharf.
Although a first for the UK, floating developments are already a popular idea on the continent with successful schemes at ljbury near Amsterdam and Hafen City in Hamburg as well as many others throughout Scandinavia.
The Mayor, who inherited over 600 hectares of land as a result of the Localism Act in April 2012, is currently one of the largest owners of public land in London.