Palazzo del Monte di Pietà, Neoclassical palazzo in Milan, Italy
The Palazzo del Monte di Pietà is a 15th-century palazzo at Via Monte di Pietà 5, remodelled in neoclassical form by Giuseppe Piermarini in 1782. Its simple early-Milanese neoclassical façade has a projecting central body with a portal framed by columns that carry the first-floor balcony. The piano nobile is marked by Ionic pilasters.
Ludovico il Moro founded the Monte di Pietà of Milan in 1482 in the contrada dei Tre Monasteri. In 1782 the court architect Giuseppe Piermarini remodelled the palace, incorporating the convent of Santa Chiara; a hall with fresco fragments survives at the rear. Between 1808 and 1809 the building housed Milan's Borsa di commercio.
The name of the street, Via Monte di Pietà, and the former contrada dei Tre Monasteri recall the charitable pawn institution founded here in 1482 and the three convents once on the site. Of those, only Santa Chiara was absorbed into Piermarini's 1782 remodelling; a rear hall keeps fragments of its frescoes.
The building is located at Via Monte di Pietà 5 and sits in a central area easy to reach on foot. Walking through the neighborhood allows visitors to take in the facade details and see how the structure fits into its surroundings.
The toponym "contrada dei Tre Monasteri" recalls three monasteries that once stood here, but only one, the convent of Santa Chiara, was absorbed into Piermarini's 1782 remodelling. A hall with fragments of frescoes survives at the rear of the palazzo, the sole remnant of that convent.
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