Millcraft’s planned $700 million mixed-use development in Pittsburgh

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Millcraft Investments has released more information about its planned $700 million, 15-acre mixed-use development on the Ohio River in Pittsburgh.

Called the Esplanade, the 1.8 million-sq.-ft. project would feature a Ferris wheel and a 2.5-acre man-made lake by Chile-based Crystal Lagoons, according to the Pittsburgh Business Times.

The lagoon will be surrounded by four towers along with a full-service hotel, 209-unit condo building, 330-unit apartment building and a 300,000-sq.-ft. office building. Each building will stand 200 feet tall.

The development will also include 150,000 sq. ft. of retail, a 90,000-sq.-ft. “first-day experiential adventure center” as well as a public pier and marina. The apartment building will also include affordable units.

Construction is expected to begin this year and wrap up in 2023. Millcraft has hired the joint venture of Yates Construction and local contractor Massaro Corp. to perform preconstruction services.

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