When the Culture Shed opens near 10 Hudson Yards, it will instantly become one of New York’s most remarkable buildings.

The technology within the 170,000-square-foot structure will allow the space to expand and contract to meet the needs of different events and audiences. And its retractable canopy, which can open and close within 15 minutes, can transform the shed from an open-air public space into an indoor venue.

“If needed, this glass giant can trundle out on tracks and enclose a portion of the plaza in front of the building, creating a temporary hall that could play host to food-fairs, concerts and various other public events. When not required, the canopy politely tucks itself back over the building and returns the plaza to the public,” reports ArchDaily.

According to an article in The Real Deal, the Culture Shed is a “window into the future of New York City construction — and the role technology will play.” The buildings of the future, the report states, “will be smarter, more adaptive and, of course, more awe-inspiring.”

The Culture Shed will make use of a transparent plastic called ethylene tetrafluoroethylene. It provides better insulation than glass, and is also lighter and less expensive.

Construction began on the Culture Shed in 2015, and it’s slated to open in 2019. It was designed by Designed by Diller Scofidio + Renfro – which played a major role in designing the High Line – in collaboration with the Rockwell Group.

According to reports in Newsday and the Fashion Times, the Culture Shed may end up being the future home of New York Fashion Week.