The freight yard will be activated on weekends and during big events from May to September, Bankole said. A tour of the space and information session is scheduled for Tuesday. Those interested can register for the event on Facebook.

Build Institute will handle the retail side of programming, which includes eight pavilion spots available for entrepreneurs and small business owners and overflow space in Eastern Market during busy days. Vendor hours are 11 a.m.-3 p.m Saturdays and noon-4 p.m. Sundays.

All local entrepreneurs are invited to submit applications online on a rolling basis. The vending fee is $40 per day, $70 for a weekend and $265 for a month. For Build Institute graduates, the fees are $35, $60 and $225, respectively.

Bankole said no vendors have been chosen yet.

The food, retail and entertainment will be managed by the Detroit Riverfront Conservancy, which hasn't released the names of food vendors or schedule of entertainment. Entertainment hours will scale with the level of activity, likely taking place until 10 p.m. or 11 p.m. on weekends, said Marc Pasco, the conservancy's director of communications.

"We look forward to having a bar with beer and wine service and food trucks available during operating hours of the freight yard, which will be Friday through Sunday each weekend," he said in an email. "Entertainment options will include a mix of DJs and live music."

To celebrate the kickoff, there will be overnight camping on the Dequindre Cut on May 19. Travel company Detroit Up North and the conservancy are hosting the event, which will include food, music, outdoor games and yoga.

The event is BYOB and limited to those 21 years and older, according to its website. Cost is $25 per person, with a limit of 10 people per campsite. Registration can be completed online.