Real Estate Career
In 1867, Palmer sold his share of the partnership and focused his efforts on his real estate interests, leasing a new building to his former partners in 1868 at State and Washington. He built several buildings along State Street on property he owned, including the Palmer House Hotel. When his buildings were destroyed in the Great Chicago Fire, Palmer borrowed $1.7 million to rebuild, the largest amount lent to a private individual up to that time. He reclaimed the swampland north of Chicago's commercial district, developing it into Lake Shore Drive.
Read more about this topic: Potter Palmer
Famous quotes containing the words real, estate and/or career:
“A scholar, in his Segmenta, left a note,
As follows, “The Ruler of Reality,
If more unreal than New Haven, is not
A real ruler, but rules what is unreal.””
—Wallace Stevens (1879–1955)
“The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.”
—Shirley Chisholm (b. 1924)
“John Brown’s career for the last six weeks of his life was meteor-like, flashing through the darkness in which we live. I know of nothing so miraculous in our history.”
—Henry David Thoreau (1817–1862)