Month: June 2019

• First impressions of the new Focals by North

  I am on my third Fitbit device. The first one I got was their very first release. I wanted to try it out and so I put in a pre-order. It was pretty cool, but it wasn’t yet great. So I eventually stopped using it. The second one I got was better, but I somehow lost it, possibly at a bar. Its whereabouts are still unconfirmed to this day.

  The FitBit Inspire, which is what I am using now, has really stuck with me. I bought it for the heart rate monitor and for sleep tracking, which is why an Apple Watch wasn’t for me. But the ability to read incoming text messages on my wrist has, surprisingly, also proven to be a feature that I like.

  Up until a few months ago, this was the only wearable tech that I owned. However, this spring I was given a pair of smart glasses: the new Focals by North. They are a much better and sexier version of Google Glass. (You can read about my Focals fitting, here.)

  The premise behind Focals is that they are the next step toward conflating real life and tech. In other words, instead of pulling out your phone or looking at your wrist, now you can remain engaged and get the information you want by looking straight ahead. The objective is to help you stay present. And they certainly help with that.

  Focals are the opposite of Snap’s Spectacles in that the former allows you to consume information, whereas the latter is all about narrow types of content creation. With Focals, you can read and respond to texts, get directions, talk to Alexa (there’s a microphone), see your appointments (and the weather), and even get speaker notes when you’re giving a presentation.

  

  Now that I’ve had some time to test them out, here’s what I would tell you.

  Because I don’t wear glasses anymore (I got laser eye surgery so that I could avoid things on my face), it was a bit of an adjustment. While very well designed, they do have some heft. The arms are thicker than normal glasses. So I found myself using them more as sunglasses (they come with great clip-ons). Perhaps I would feel differently if I still wore glasses.

  I’m also not a huge fan of the Loop (pictured above), which is the 4-directional joystick that you wear as a ring and use to control the glasses. For me, it simply feels like a bit too much tech to wear on a regular basis. Though I will say that, for what it is, it is well designed and easy to use inconspicuously. The other input mechanism for the glasses is your voice.

  With all that said, Focals by North are exceedingly cool. The Canadian company is creating a new category and the glasses do feel like a hint of what’s to come next in the world of wearable technologies. In the same way that I was surprised by just how useful (some) notifications on my wrist could be, I am impressed by the ability to see notifications right in front of me.

  North has also been consistent with rolling out software updates and new features. Similar to my experience with Fitbit, the product keeps getting better. Over the last month, they announced conversation awareness (notifications are delayed if the glasses think you’re busy talking), as well as integrations with Google Fit and Google Slide.

  Sometimes all you need is one really strong use case for a product or service to work and I think presentations could be one of them for Focals. Having presentation notes float in front of you means you’re not looking down at your notes and away from your audience. And being able to move from slide to slide with your thumb transforms the Loop into now a pretty slick clicker.

  I am looking forward to seeing this space develop and I am excited that a Canadian company has jumped out in front. If you’d like to check out Focals for yourself, there are permanent showrooms in Toronto and Brooklyn, as well as pop-ups all across North America.

  2019.06.10

• Software developers are half of the homebuyers in San Francisco

  A couple of months ago I wrote about the relationship between IPOs and home prices. It was in response to the current wave of tech companies — most of which are headquartered in San Francisco — that have gone public or are expected to go public this year (2019). What impact will this have on the city’s housing market?

  I cited this academic study on the topic, which already discovered a “positive and significant association between local house price changes and firms going public.” But today I stumbled upon another interesting study by a San Francisco real estate agent, name Deniz Kahramaner, who happens to also be a Stanford-trained data scientist.

  What Kahramaner wanted to figure out was, who tends to buy residential real estate in San Francisco?

  So he started with title data and then scraped the internet to try and match up individual buyer names with specific companies and industries. Since not everyone has some sort of public profile and because real estate is sometimes held within a company, he was only able to traceback about 55% of home purchases in San Francisco last year.

  Still, the data looks pretty clear. About half of the homes bought in 2018 were by individuals whose employment has roots in “software.” The next biggest buyer segment was “finance.”

  

  The other interesting thing about this data set is that it shows where people have been buying (at least last year). Historically, the north end of the city has been the wealthiest, but the above data shows things moving in a southeasterly direction. Though, it remains to be seen what all of this will look like when the dust settles after this current crop of tech IPOs.

  Chart: The Atlantic

  2019.06.09

• Skateboarding to debut at the Summer Olympics in Tokyo

  

  The 2020 Summer Olympics, which will be held in Tokyo, have added 5 new sports, one of which is skateboarding. As someone who grew up skateboarding as a teenager, and is all too familiar with being chased out of public spaces, this lends a great deal of legitimacy to the sport.

  It’s hard to think of a sport that is more closely connected with architecture and, more specifically, public architecture. Curbed’s recent long-form article about “the public spaces that shaped skateboarding” is a good reminder of that. Here is an excerpt (EMB refers to Embarcadero Plaza in San Francisco, which was previously known as Justin Herman Plaza):

  When skateboarding debuts at the Tokyo Olympics next summer, some three decades after the first polyurethane wheels hit the bricks at EMB, it will have completed the long, improbable trip from criminal act to social and institutional acceptance. But even as an Olympic sport, skateboarding will remain a direct physical response to the varied terrain of American public architecture.

  Interestingly enough, one could go on to argue that the history of skateboarding is really steeped in the adoption of public spaces that had, in many cases, failed to serve their intended purpose. In other words, skateboarders were often the only people using these urban spaces:

  “What made Justin Herman Plaza attractive to skateboarders and work for skateboarders was its inappropriateness to the traditional city scale and function,” King says. “You had all these planners and architects in the 1950s and ’60s saying cities need these grand, celebratory spaces—and they really didn’t.” But apparently skaters did.

  Welcome skateboarding to the 2020 Summer Olympics in Tokyo.

  Photo by Frans on Unsplash

  
  

  2019.06.08

• OMA’s first ground-up project in Manhattan finishes construction

  121 East 22nd — which is OMA’s first ground-up project in Manhattan — recently finished up construction at the corner of E 23rd St and Lexington Ave (the site continues through to E 22nd St, where there is basically a 2nd building). I wrote about the project over two years ago, here.

  Below is a photo by Laurian Ghinitoiu, via Dezeen, of it completed:

  

  The defining feature is its “prismatic corner”, which, I understand from this interview with David Von Spreckelsen (President of Toll Brothers City Living), was largely an outcome of the site’s restrictive zoning. There was a requirement to have constant street walls. That minimized what could be done architecturally on the project’s main elevations.

  The solution is two contextual street walls — the punched windows are designed to match the rhythm of their adjoining buildings — coming together and creating dramatic visual interest only at the point where they intersect. Below is a rolled out elevation from OMA. Note the gradient created by the windows as they converge toward the corner (center in the drawing below).

  

  The other interesting thing about this project is that it reminded me just how different the built form of Manhattan can be compared to Toronto. In the case of 121 East 22nd, the streetwalls rise 150 feet without any stepbacks. There is then a 10 foot stepback before the building rises another 60 feet — similarly without any additional breaks.

  I love the grandeur.

  2019.06.07

• “We” is the language of leadership

  Kawhi Leonard doesn’t say very much, but when he does, he tends to focus the discussion less on himself and more on the achievements of the Toronto Raptors as a whole. He has said many times before in interviews that he doesn’t aspire to be the best player on the team; he aspires to win championships. It’s not about him. It’s about the team. And it’s hard not to respect that kind of humility.

  One the things that I try to be aware of in business and in life is how I use first-person singular pronouns (such as “I”) and first-person plural pronouns (such as “we”). The subtleties of language are important and there’s lots of research out there on this topic. Some have even tracked Jeff Bezos’ use of “I” and “we” in Amazon’s annual shareholder letters over time.

  Harvard Business Review also argued a few years ago that “we” is the language of leadership because it tells you where someone is focusing their attention. Studies suggest that when people are self-aware or insecure they naturally tend to use more first-person singular pronouns — they turn inward. Conversely, using pronouns such as “we”, “us”, or “you” suggest an outward focus or a focus on other people’s thoughts, opinions, and contributions.

  Of course, when you write a personal blog like this one, you naturally end up with a lot of “I.” But when I write about broader topics, such as city building or the housing market, I do try and shift the focus. These are our cities. These are our buildings, streets, and public spaces. We’re in this together. And I aspire to get even better at “we.”

  Oh, and go Raptors!

  2019.06.06

• Saves the dates: The House Beer Garden

  We are reasonably confident that summer will eventually arrive in Toronto this year, and so we (Junction House) have partnered with Indie Alehouse to host a public and outdoor beer garden from June through to August, right in the Junction.

  We are calling it The House Beer Garden because we both have “House” in our name and that’s as clever as we get.

  Here are the details:

  

  There will be four editions of The House Beer Garden and each will host a different local food vendor. For the first one, we will be welcoming Chau Toronto and their modern Asian bites.

  The timing of the first Beer Garden also happens to line up with the Annual Summer Solstice Festival in the Junction (that was deliberate). So Dundas Street West will be closed to cars and it’s going to be a lot of fun.

  No need to RSVP. Just show up at 2720 Dundas Street West, Junction. See you in two weeks.

  2019.06.05

• Air Canada partners with drone delivery provider

  

  Today, Drone Delivery Canada (TSXV: FLT) — a company that I have written about before on the blog — announced that it has entered into an exclusive 10-year agreement with Air Canada. Press release, here. Globe and Mail article, here. BNN Bloomberg article, here.

  As part of the agreement, Air Canada Cargo will market, sell, and promote DDC’s drone delivery services across the country using its sales and marketing platforms. It will be positioned as premium offering, and Air Canada has agreed not to engage any other drone delivery service during the term of the agreement.

  This is a pretty big deal for DDC because it gives them distribution and legitimacy (they’re a pre-revenue company). And for Air Canada, it is an opportunity to be a part of “Canada’s first national drone cargo solution.” The promise is a more cost-effective solution for servicing remote communities.

  DDC plans to build out and operate up to 150,000 drone delivery routes across Canada as a result of this partnership. But, of course, it remains to be seen just how profitable these routes will be when they begin servicing their low-density communities.

  Full disclosure: I am long $FLT because I think that what they are trying to build is very interesting and I think that better connectivity will be a positive thing for remote communities within Canada.

  Photo by Ethan McArthur on Unsplash

  2019.06.04

• More than 1 in 4 Americans now live alone

  The percentage of single-person households in the US has been steadily increasing since the 1960’s (though the rate of increase has moderated in recent decades). As of last year (2018), 28% of Americans lived alone, according to the US Census Bureau. So about 1 in 4 households. This is in comparison to 13.1% of households in 1960.

  Here is a chart from a recent WSJ article on the topic:

  

  Not surprisingly, this is changing how marketers target households. Affluent, single-person households in urban areas have proven to be a boon to product makers because they tend to spend more per person and they tend to value time > money. Of course, this phenomenon also has implications for those of us who work as city builders.

  For more historical household tables from the US Census Bureau, click here.

  2019.06.03

• Public perception of drone delivery

  

  Back in 2016, the United States Postal Service published a report on the public perception of drone delivery in the US. This was nearly 3 years after Jeff Bezos announced on 60 Minutes that Amazon was working on a drone delivery service and that it would arrive within the next 5 years (so by 2019). I think USPS was trying to figure out how to be, or appear, more innovative.

  Not surprisingly, the report found that Millennials were significantly more supportive of drone delivery (65%) compared to Baby Boomers (24%), who strongly dislike the idea. Generally, the report indicates that the percentage of people who think it’s a good idea declines with every preceding or older generation. Again, I don’t find this at all surprising.

  But what I did find interesting was that, irrespective of age, respondents were primarily concerned with some sort of “malfunction.” This was at the top of the list. Next in line were concerns around “intentional misuse,” such as drones being used to transport illicit goods or to spy on people and/or property.

  Closer to the bottom of the list was a concern that drone delivery “might make the sky less pleasant to look at.” My own view is that visual clutter and noise pollution are critical problems to address here. There’s talk of “drone highways in the sky”, but how do you really manage the sheer volume of drones that would be needed to service a dense urban environment?

  Photo by Goh Rhy Yan on Unsplash

  2019.06.02

• The investment case for mid-rise condos

  Shane Dingman’s recent Globe and Mail article about “the investment case for mid-rise condos” is a good summary of why this housing type has become so popular in Toronto.

  Mid-rise buildings tend to attract more end-users because of their boutique scale. That is, they attract people who plan to move into the building once it is built, as opposed to buyers who plan to rent out their unit. We are certainly seeing this with purchasers at Junction House.

  Because of their generally smaller scale and because they are often built in mature neighborhoods with few opportunities for new construction, supply of new mid-rise housing also tends to be limited. That bodes well for future price appreciation.

  Here’s a quote from Shaun Hildebrand (President of Urbanation), taken from the above Globe article. (Sorry, it’s behind a paywall.)

  “Price growth between the two building types [mid-rise and high-rise] began to converge in 2018, and in Q1-2019, buildings under 12 storeys saw average resale prices per square foot grow 10 per cent year-over-year, compared to 6.5 per cent for buildings of 12 or more storeys,” Mr. Hildebrand said. “We may be now entering back into a period of outperformance of mid-rise buildings as the market is shifting.”

  2019.06.01