Wolf Point is the location at the confluence of the North, South and Main Branches of the Chicago River in the present day Near North Side, Loop, and Near West Side community areas of Chicago. This fork in the river is historically important in the development of early Chicago. Located about from Lake Michigan, this was the location of Chicago's first three taverns, its first hotel, Sauganash Hotel, its first ferry, its first drug store, its first church, its first theater company, and the first bridges across the Chicago River. The name is said to possibly derive from a Native American Chief whose name translated to wolf, but alternate theories exist.
Historically, the west bank of the river at the fork was called "Wolf Point," but in the 1820s and 1830s it came to denote the entire area and the settlement that grew up around the river-fork. Wolf Point is now often used more specifically to refer to a plot of land on the north side of the fork in the Near North Side community area owned by the Kennedy family, now occupied by Wolf Point South Tower. Today the north bank at the fork, is the location of a high-rise and a construction site, the west bank includes condominium high rises, commercial skyscrapers, and railroad tracks, while the south bank includes part of the Chicago Riverwalk and serves as the transition point of Wacker Drive from an east–west street to a north–south street.
Background
The origin of the name, Wolf Point, is unknown. In her 1856 memoir Wau-Bun, Juliette Kinzie states that 'the place was then called Wolf Point, from its having been the residence of an Indian named "Moa-way," or "the Wolf."' Other alternate explanations are that it was so-named after the landlord of what would later be called the Wolf Point Tavern killed a ferocious wolf and hung a painted sign of a wolf outside his tavern to commemorate the event, or that it was named by a soldier at Fort Dearborn because it was a place where wolves would gather at night. Originally the term Wolf Point referred to the west bank of the Chicago River at the fork junction of its branches, but it gradually came to refer to the whole region around the forks and in modern usage is often more specifically used to mean the plot of land on the north side of the forks. The confluence of the three branches of the river near Wolf Point provided inspiration for Chicago's Municipal Device, a Y-shaped, city identification symbol that can be seen on many buildings in Chicago, and on city owned vehicles.
Early settlement
The first non-indigenous settler at Wolf Point may have been a trader named Guarie. Writing in 1880 Gurdon Hubbard, who first arrived in Chicago on October 1, 1818, stated that he had been told of Guarie by Antoine De Champs and Antoine Beson, who had been traversing the Chicago Portage annually since about 1778. Hubbard wrote that De Champs had shown him evidence of a trading house and the remains of a cornfield supposed to have belonged to Guarie. The cornfield was located on the west bank of the North Branch of the Chicago River, a short distance from the forks at what is now Fulton Street; early settlers named the North Branch of the Chicago River the Guarie River, or Gary's River.
James Kinzie, the son of early settler John Kinzie, built a tavern on the west bank of the river at Wolf Point in 1828. By 1829 this tavern was operated for Kinzie by Archibald Caldwell who was granted a liquor license on December 8 of that year. Caldwell left Chicago early in 1830 and Elijah Wentworth became the landlord of the tavern. He was in turn succeeded by Charles Taylor (1831–1833) and William Walters (1833–1836). The tavern became known as the 'Wolf Point Tavern' or 'Wolf Tavern' and a painted sign of a wolf was hung outside the tavern by approximately 1833.
In about 1829, Samuel Miller and his brother John opened a store on the north bank of the river at the forks. In 1830, they enlarged their store and began to operate it as a tavern in competition with the Wolf Point Tavern. On June 2, 1829 Samuel Miller and Archibald Clybourn had been authorized to operate the first ferry across the Chicago River. Clybourn was the ferry man, crossing the North Branch of the river between Miller's tavern and the Wolf Point Tavern. In 1831 John Miller built a log house near his brother's tavern that he used as a tannery; Chicago's first recorded factory. Samuel Miller sold the tavern and moved away following the death of his wife in 1832.