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.
Titanic Memorial Lighthouse
One of the more unusual lighthouses in the U.S. is the Titanic Memorial Lighthouse in New York City.
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The RMS Titanic sank in 1912 in the Atlantic Ocean during its maiden voyage. Margaret Brown — immortalized by “The Unsinkable Molly Brow” — insisted officials build a memorial in Lower Manhattan. Brown was successful in her efforts. On April 15, 1913, the Seamen’s Church Institute unveiled a 60-foot beacon on top of its building.
The lighthouse featured a green light that was visible for 12 miles. The beacon also had a time ball installed on its top and at noon every day until 1967, the ball would drop, helping ships synch their chronometers.
In 1965, the Seamen’s Church Institute moved to smaller offices and in 1968, the building’s new owners decided to demolish it. The new owners donated the lighthouse to the South Street Seaport Museum. In 1976, thanks to funding from the Exxon Corp., the museum moved the lighthouse to its current location at Pearl and Fulton streets in Lower Manhattan.
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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.