Lighthouse Commercial Real Estate
Every month, Lighthouse Commercial Real Estate features a lighthouse. These lighthouses have guided many a captain safely to port. These magnificent beacons and their operators are an important fabric of American industry and we simply love to share their stories.
Chicago Harbor Lighthouse
The Chicago Harbor Light lights the confluence of the Chicago River and Lake Michigan. The 66-foot-tall iron tower that we see today is the newest in a series of beacons built to mark the entrance of the Chicago Harbor.
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The first was built in 1831, but the 50-foot tower with 3-foot-thick walls collapsed before completion, either because of quicksand at the base of the tower or poor workmanship.
The second light, which had a 40-foot-tower and was landbound, was built in 1832. However, buildings taller than the lighthouse, along with air pollution, soon obscured the lighthouse to sailors.
The next light, the Chicago Pierhead Lighthouse, went up in 1859, but the expansion of the Chicago Pier eventually pushed that light too far back for sailors to see. (This light was dismantled and moved to Two Rivers, Wisconsin, where it was renamed the Rawley Point Light.)
The current light was built in 1893 for the World’s Columbian Exposition and had a third-order Fresnel lens. In 1919, after the expansion of the breakwater, the tower was moved to its current location.
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We are very passionate about lighthouses. With today’s technology and services such as GPS there isn’t the same need for actual lighthouses that there once was. Having said that, when times are most difficult and the stormy seas erupt, it is not uncommon for electronics and communications to be knocked out of commission. Even today, a captain in distress will seek out the lighthouse on shore for clear direction and safe harbor.
We love the lighthouse analogy for commercial real estate. Captains of industry, even with the most thought out plans and experience, can find themselves in troubled seas. Uncertainty in life can arrive at any occasion. Our mission at Lighthouse Commercial Real Estate is to be that clear beacon of hope and trust that you need when clear direction is needed most. Your business life may depend on the commercial real estate decisions you make.
Read the Lighthouse Commercial Real Estate story here, and please join our community, Captain.