In a move to expand its portfolio of luxury homes for millennials, Mitchell Mansion is launching its first-ever residential development with a $100 million donation from a private equity firm.
The luxury property on the banks of the Allegheny River in Pittsburgh will include a 1,300-square-foot residence, restaurant, retail space, and outdoor space.
The building, which will be built on a site near the former Mitchell & Laughlin’s warehouse, is designed by architect Robert D. Pate and designed by MMM Architects, according to the company.
It will include four towers, each with a height of 1,800 feet, according the company website.
“This project is designed to create a new level of luxury for Mitchell’s residents and guests, who will have the opportunity to experience the rich history and cultural richness of Mitchell and Laughlin and their families,” said MMM CEO and President Brian Pate.
“The Mitchell Mansion has been in our family for more than 70 years and we are thrilled to partner with a partner who shares Mitchell’s vision of creating a new generation of home and lifestyle consumers.”
The project will also include a “premium kitchen” designed by D.R. Pates, as well as an outdoor dining area, a spa and a pool, and a spa suite, according Pate’s website.
The new residential project is expected to be completed by the end of 2019.
The Mitchell mansion is owned by the family of former Pitt University President Ed Mitchell.
It is a former home for the former mayor, who died in 2014.
In 2005, the Mitchell mansion was renamed Mitchell Mansion after the late mayor.