Piatt Companies Welcomes Two New Executives To Leadership Team

Piatt Companies Richard Miller

Richard K. Miller, photo credit Piatt Companies

Piatt Companies Art Borowski

Art Borowski, photo credit Piatt Companies

PITTSBURGH, PA (September 26, 2023) Piatt Companies has announced it has added two new executives to its leadership team. The family-owned company is welcoming Art Borowski as Chief Financial Officer and Richard K. Miller as Executive Vice President of Investments.

“This marks a new chapter for the growth of our company and our culture,” said Piatt Companies CEO Lucas Piatt. “We have firm roots in the Western Pennsylvania community and we’re excited to bring in new leaders to help mentor and guide our team for the next phases of investment as we continue to expand our diversified company.”

Art Borowski comes to Piatt Companies with over 30 years of experience managing large-scale real estate and hotel portfolios in leadership, finance, development, operations and accounting. He most recently served as the CFO for Emerald Hospitality Associates, Inc. of Westlake, Ohio for six years after having the role of Vice President of Finance and Business Development for 13 years with the same firm. During that time, he coordinated over $200 million in creative and traditional debt management, construction, bridge financing, capital raising and eventual dispositions of hotels and other real estate assets.

“We are thrilled to be welcoming Art to the team with his incredible experiences in real estate and hotels,” said Piatt. “His hospitality background is important not just because of the Piatt Hotel Group portfolio, but because in all of our projects and the companies we manage, providing a hospitable experience is our top priority. Art has the experience for carry the torch of our success while mentoring the next generation of our top-notch finance and accounting team.”

Borowski has over ten years of additional experience in hotel operations with Marriott, Hilton and Starwood Hotels and earned his bachelor’s degree in finance. “I am excited to join this leading organization with a storied history of integrity, stability, vision, and profitability,” Borowski said. “I look forward to bringing my experience in hospitality and real estate to continue to inspire and collaborate with Lucas and Marcus Piatt and the great team at Piatt Companies.”

Piatt Companies is celebrating the return of Richard K. Miller as Executive Vice President of Investments. From 1997-2007, Miller held several key leadership roles with Piatt Companies, then Millcraft, including Executive Vice President, Director of Finance and Chief Financial Officer. As a mentee of Piatt Companies’ late founder Jack Piatt, he brings a strong business perspective with roots in the culture and vision of the company.

Miller played an integral role on the executive team as the leading developer of Southpointe, Millcraft’s transformative 600-acre mixed-use development in Washington County. His leadership was critical to its success. While focusing on development, he was also affiliated with the leadership of Millcraft Products, the manufacturing company specializing in continuous steel casting technology. His history with the company is as diverse as the company itself, but his leadership reflects the experience of Piatt Companies and its vision for the future. In 2007, Miller continued his commitment to economic development by starting his own firm, SUMMIT Development, where he designed and built nearly 1,000 hotel rooms in eight Hilton and Marriott properties as the sole individual developer.

“We are thrilled to welcome Rich back to the company,” Piatt said. “He understands where we’ve been and where we need to go. He’s got a great history of partnerships, relationships and innovative ways to create new ventures and maximize market opportunities. He will be a great leader for our team with his unique understanding of the needs of the market and, more importantly, the needs of those whom the market serves.”

“My past experience working directly with Mr. Jack B. Piatt created an invaluable mentoring relationship and unique personal friendship,” said Miller. “I truly share the enduring values of the Piatt family and look forward to contributing a nostalgic connection to our vision.”

Miller has a bachelor’s degree in accounting from Indiana University of Pennsylvania and earned his Public Accounting certification.

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Piatt Companies, formerly known as Millcraft Investments, is a family of companies that invests in bringing ideas to live and creating real estate that contributes to the vibrancy, resilience and future of Western Pennsylvania. For over 65 years, the family-run business has delivered high-quality places that the people in the region deserve. 

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Hilton Garden Inn – Southpointe

Hospitality

Opened in 2001 as one of the first Hilton Garden Inn hotels in the region, the Pittsburgh-Southpointe location offers ease of access to the Pittsburgh International Airport and Downtown Pittsburgh. The 20,000 square foot flexible ballroom space is a popular venue for weddings, trade shows, and seminars. A full renovation was completed in 2019. 

River Vue

Residential

River Vue is a 16-story luxury residential tower prominently located along the Allegheny River in Downtown Pittsburgh, offering residents panoramic city skyline and waterfront views within walking distance of the Cultural District, Market Square, and the city’s major business and entertainment destinations. The property features 218 apartment units and reflects Piatt Companies’ longstanding commitment to high-quality urban residential development and adaptive reuse.
 
Originally constructed as the State Office Building, River Vue underwent a comprehensive renovation and conversion from office space into luxury residential apartments under Piatt Companies’ ownership and management oversight. The transformation preserved the building’s prominent downtown presence while repositioning the asset as a premier residential destination within Pittsburgh’s evolving urban core. Through strategic redevelopment, operational excellence, and a strong focus on resident experience, Piatt Companies helped establish River Vue as a distinguished example of successful downtown adaptive reuse and long-term asset stewardship.

MARKET SQUARE PLACE

Mixed-Use

Located in the heart of Downtown Pittsburgh’s historic Market Square, Market Square Place is a dynamic mixed-use property featuring luxury residential apartments, a 35,000-square-foot UFC Gym, and a diverse collection of street-level retail tenants that contribute to the energy and walkability of Downtown Pittsburgh. The retail mix includes restaurants and casual dining concepts, fine dining establishments, banking services, fitness and wellness offerings, and unique retail experiences featuring integrated podcast studio space. Through proactive property management, Piatt Companies helps preserve the long-term value and performance of the asset by overseeing daily operations, tenant relations, maintenance coordination, and the overall property experience. By maintaining high operational standards and supporting a vibrant urban environment, Piatt contributes to the property’s continued success as a premier downtown destination for residents, retailers, and visitors.

HIGHMARK STADIUM

Entertainment

Highmark Stadium, the home of the Pittsburgh Riverhounds soccer team, offers a gorgeous view of Downtown Pittsburgh from Station Square. Piatt operated as the owner’s representative throughout the construction of the 3,500 seat entertainment venue.

ST. CLAIR HOSPITAL OUTPATIENT CENTER

Medical

St . Clair Hospital’s 40,000 square foot outpatient facility in Peters Township opened in 2013. As the owner’s representative, Piatt managed design and construction, and helped cut costs through value engineering and pre-construction negotiation. The center offers a much-needed location for numerous medical services and offices.

LUCAS PIATT

Chief Executive Officer — Piatt Companies

Lucas B. Piatt is the Chief Executive Officer of Piatt Companies and Piatt Sotheby’s International Realty, where he blends visionary leadership with a deep-rooted commitment to the future of Western Pennsylvania. With more than 25 years of experience in real estate, development, and executive leadership, Lucas has led the transformation of Downtown Pittsburgh, investing over $500 million as part of a broader portfolio exceeding $1 billion in revitalization efforts across the region.

Lucas is the driving force behind The Esplanade, a transformative waterfront development that will redefine Pittsburgh’s North Side. Designed to be a world-class destination for innovation, entertainment, hospitality, and public space, The Esplanade reflects Lucas’s bold vision for shaping the future of Pittsburgh through large-scale placemaking rooted in community, inclusivity, and global ambition.

A respected collaborator, Lucas brings people together—developers, civic leaders, creatives, and community members—to reimagine the built environment and make it a catalyst for growth and connection. He is committed to delivering luxury experiences that serve a greater purpose, with an eye toward sustainable and inclusive development.

His leadership extends far beyond real estate. Lucas actively supports organizations such as the Pittsburgh Downtown Partnership, Washington County Chamber of Commerce, Point Park University, the Pittsburgh Film Office, the Alzheimer’s Association, and serves on the Board of Directors for St. Clair Health Foundation, helping to shape the future of regional healthcare and community access.

As founder of the Piatt Family Foundation’s Rock, Reggae and Relief Festival, Lucas has harnessed the power of live music to raise significant funds for impactful causes. Beneficiaries have included ovarian cancer initiatives, Café Momentum Pittsburgh, 412 Food Rescue, MCG Youth & Arts, and Catapult Greater Pittsburgh, among others—supporting efforts around food security, youth empowerment, education, and economic mobility.

Beyond his professional and philanthropic commitments, Lucas is a devoted family man who finds his greatest joy in spending meaningful time with his wife Renee and their children, River and Marlea. Whether attending concerts and music festivals, traveling, or sharing life’s great experiences, Lucas lives with intention and heart—always seeking to build something greater for the next generation.

TOWER 260

Office

Tower Two-Sixty, in Market Square, offers seven floors of Class A office space and an integral public parking garage offering 330 spaces. Also in the building are the Hilton Garden Inn Pittsburgh Downtown and four new local restaurants.

This LEED Certified Silver building is the first opportunity in almost 30 years for distinguished Pittsburgh businesses to take up residence in a brand new trophy building. Partnering with JLL as the anchor tenant and property manager, the building’s other tenants include Coury Financial, Merrill-Lynch, McGuireWoods, and Piatt Companies.