The city broke ground this morning on a new plaza in Washington Heights set to open early next year. The project will transform an extra-wide asphalt block into a permanent public space hosting vendors and a farmers market.

Plaza de Las Americas is located on 175th Street between Broadway and Wadsworth Avenue. The project, which was selected in the first round of the plaza program in 2008, is sponsored by the Washington Heights and Inwood Development Corporation. Construction is funded by $5 million from the city’s budget.

The 14,000 square foot space, between a supermarket and a historic theater, has been used by a farmers market since 1980 and a vendors market since 1994. The new plaza will give vendors access to electricity and water for the first time. The plaza will also feature trees, lighting, benches, tables, chairs, and a fountain by artist Ester Partegás, according to a DOT press release. The paving materials and patterns aim to evoke the plazas of Latin America and the Caribbean.

The project will also likely have traffic safety benefits: Since 2009, four motor vehicle occupants, five pedestrians, and one cyclist have been injured at Broadway and 175th, according to DOT data. The city has identified Broadway as a Vision Zero priority corridor.

“La Plaza de Las Americas will not only give our street vendors a beautiful, tree-lined venue to sell,” Council Member Ydanis Rodriguez said in the release, “but also our neighborhood a new focal point.”