Wishing to sub-divide and develop his property, Pierrepont realized the need for regularly scheduled ferry service across the East River, and to this end he became a prominent investor in Robert Fulton's New York and Brooklyn Steam Ferry Boat Company, using his influence on Fulton's behalf; he eventually became a part owner and a director of the company. Fulton's ferry began running in 1814, and Brooklyn received a charter as a village from the state of New York in 1816, thanks to the influence of Pierrepont and other prominent landowners. The city then prepared for the establishment of a street grid, although there were competing plans for the size of the lots. John and Jacob Hicks, who also owned property on Brooklyn Heights, north of Pierrepont's, favored smaller lots, as they were pitching their land to tradesman and artisans already living in Brooklyn, not attempting to lure merchants and bankers from Manhattan as Pierrepont was. To counter the Hickses' proposal, Pierrepont hired a surveyor and submitted an alternative. In the end, the Hickses' plan was adopted north of Clark Street, and Pierrepont's, featuring 25-by-100 foot (8-by-30 meter) lots, south of it.