The Dream Wheel, the 300-foot Ferris wheel at American Dream in East Rutherford, has opened.

The Ferris wheel is a first for the tri-state, and perfect for the whole family. You get the perfect view of the Manhattan skyline all the way around.

"It offers something unique," says Paul Ghermezian, developer of American Dream. "It's more than simply sitting in a cab and going for a little ride that goes up and around and spins you. This is really like, go in there, sit in a really great cab. It's completely climate controlled, you can stand up, you can walk around."

The Dream Wheel is open from 11 a.m. to 9 p.m. on weekdays, and 10 p.m. on weekends.

A ride will cost you $20.