Merchants Square

Piazza Mercanti is one of the most charming and historically rich places in Milan, located in the heart of the historic center, a few steps from the Duomo. The square dates back to the Middle Ages and played a central role in the city’s economic and social life. During the 13th century, Piazza Mercanti was the hub of commerce and mercantile activities, a true nerve center where the main commercial transactions took place and justice was administered. The square is surrounded by some of Milan’s most emblematic buildings, each with a unique history that contributes to creating a fascinating atmosphere. One of the oldest buildings is the Loggia degli Osii, built in 1316 by Matteo Visconti. The loggia was a place where magistrates administered justice and proclaimed their sentences to the people gathered in the square below. The facade of the loggia is characterized by elegant mullioned windows and a balcony, known as a “parlera,” from which decrees were publicly announced. Next to the Loggia degli Osii is the Palazzo della Ragione, an imposing building dating back to 1233. The palace served as the seat of the city government and hosted public assemblies. Its robust and functional architecture reflects the administrative and political importance the palace had in the Middle Ages. On the ground floor, the portico of the Palazzo della Ragione was used by merchants for their activities, while the upper floor hosted meetings of the city council. Another prominent building is the Casa dei Panigarola, a Gothic construction that once housed the notaries’ office. Its facade, decorated with terracotta motifs and arched windows, is a refined example of Lombard Gothic architecture. This building, along with the others in the square, creates a harmonious ensemble that tells the architectural and social history of Milan. In the center of the square stands an 18th-century statue depicting the Milanese poet Giuseppe Parini, created by Luigi Secchi. Parini, famous for his works of social satire, is considered one of the greatest poets of 18th-century Italy. The presence of his statue in Piazza Mercanti emphasizes the cultural and intellectual importance of this place. One of the most characteristic elements of Piazza Mercanti is the medieval well, located near the center of the square. This well, used by merchants and citizens, is a symbol of the ancient traditions and daily life that took place in the square. Even today, the well is a picturesque landmark and a tangible reminder of Milan’s medieval past. Piazza Mercanti is also famous for its unique acoustics. It is said that two people positioned at opposite corners of the portico of the Palazzo della Ragione can communicate in a low voice, thanks to an acoustic phenomenon known as the “whispering effect.” This curious detail adds an additional layer of charm and mystery to the square. An interesting anecdote concerns the restoration of the Loggia degli Osii, which took place in 1877. During the works, some medieval documents hidden in a niche were found, containing valuable information about the daily life and commercial activities of medieval Milan. These documents are now preserved in the city’s historical archives and represent a unique testimony of Piazza Mercanti’s past.