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October 3, 2021

Louis Vuitton, Frank Gehry, the Impressionists, and NFT art

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La Foundation Louis Vuitton (which is housed in a building designed by Frank Gehry) has an exhibition on right now that displays the art collection of two brothers: Mikhaïl Abramovitch Morozov (1870-1903) et Ivan Abramovitch Morozov (1871-1921). The collection contains mostly early modernist work from the late 19th century and includes pieces by Cézanne, Van Gogh, Renoir, Monet, Matisse, Picasso, as well as others, including some Russian avant-garde work. We went through the exhibition last week when we were in Paris. Partially to see the collection and partially to see the architecture, which is, you know, very Frank Gehry. See above photo.

As I was going through the exhibition I was reminded of how much I like the Impressionist movement. I like the work, but I also really love the story. The Impressionist movement started in Paris in the late 1800s and many consider it to mark the beginning of modern art. It broke free of tradition and violated the rules of what was considered to be proper art work at the time in France.

Because of this, the Impressionists were heavily criticized at the outset. So much so that they were routinely rejected from exhibiting in the traditionally accepted art venues in Paris. The annual Salon de Paris was the big and most prestigious one as I understand it. This forced the group to organize their own exhibitions and circumvent the incumbents in order to get their work out into the world, which is pretty much what any "startup" has to do. Obviously the rest is history and now people to go to museums like La Foundation Louis Vuitton to look at Impressionist art work and talk amongst their friends about how we don't make art like they used to back in the late 19th century.

I mention all of this because of what is happening today in the world of NFTs. Non-fungible tokens and their application to digital art feels to me like history is repeating itself. We are at the dawn of something new and a lot of people seem to think that what's happening today is pretty stupid: Why pay thousands or even millions for a JPEG? I can just download a copy to my computer for free. This is not art. How do you even display it? I don't get it.

I am sure that most of the NFTs that people are buying today will go to $0 in value; just like a lot of the paint that has gone onto canvasses over the years hasn't created much value. Art is a funny thing. But that doesn't mean that cultural value will not be created over time. When people are talking and they think what you're doing is dumb, you may actually be on to something. The Impressionists taught us this important lesson well over a century ago.

Photo: La Foundation Louis Vuitton

October 2, 2021

Making River City

https://youtu.be/0jB3aSYthsY

My good friends over at Urban Capital recently released a short film about the making of their River City project here in Toronto. (If you can't see the embedded video above, click here.)

For those of you who aren't familiar, River City is a 4-phase development on the east side of downtown that was really the first project in what was known as the West Don Lands area. Urban Capital secured the right to develop the then government-owned lands in 2008 through a public tender process that was run by Waterfront Toronto.

It's a tricky and unobvious kind of site in that it's surrounded by infrastructure and it came with a whole host of development challenges, including flood risk. But the team figured it out and River City has gone on to win a number of awards including the Ontario Association of Architect's Lieutenant Governor’s Award for Design Excellence.

River City is an important project for Toronto in that it dared to be different. It's like no other project in the city, and I'm not just saying this because they're my friends. I'm saying it because I want our city to be a global leader in architecture, design, and development, and to continue to push the envelope.

River City did exactly that.

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October 1, 2021

A few observations from Paris

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The last time I was in Paris was in 2006. That's a long time ago and so it was great to be back in the city earlier this week. I don't know the city as well as I do many other cities, but I speak enough French to be dangerous and we spent a good amount of time on this trip just exploring. On average, we clocked about 20,000 steps a day. So here's a list of some of the things I was reminded of or learned of on this visit. If any of you are more familiar with the city, please feel free to speak up in the comment section below.

  • I love Paris.

  • The Parisian art of people watching is alive and well. One of my favorite things about Paris is how so much of the cafe seating faces out toward the street. That's what you're supposed to be watching: urban life.

  • Most cities have a clear message. In Los Angeles, it's probably that you should be more famous. In Boston, it's arguably that you should be smarter. And in New York, it is perhaps that you should be richer. In Paris, the message feels loud and clear: You should be more fashionable.

  • Compared to Toronto, the center of Paris feels far more static. Less construction. Less change. Less that is new. That's not such a bad thing given how beautiful the city is. But in my view, cities are about balancing preservation and progress. From what I could tell, a lot of the new construction seemed to be happening in the suburbs and in the outskirts of the city.

  • That said, COVID feels much further along in Paris. The city was very open and everyone seemed to be back in the office. Locals said that the city was operating at maybe 80%. It felt busy.

  • Dress shoes are dead in Paris. Everyone wears cool sneakers no matter how young or old. Think business suits with Nike Air Maxes. My hypothesis is that it's just far more practical given how much people walk in Paris. I plan to adopt this strategy immediately.

  • In addition to walking, everyone seemingly bikes and/or uses an electric scooter. Again, it didn't seem to matter how young or old. Paris also seems to have solved the scooter clutter problem, as has many other cities. There are designated spots (painted lines next to on-street car parking) and that's where you'll find the scooters. Toronto needs to get on board.

  • Traveling at 300 km/h on a train is a highly civilized way to move between urban centers.

  • There's nothing wrong with having a picnic and drinking a bottle of wine (or two) in a park. In fact, it is probably something that should be celebrated. Let people be grown-ups.

  • When you purchase a baguette, you should immediately take a bite out of it to see how fresh it is.

  • The Eiffel Tower, much like the CN Tower, looks far better when illuminated.

  • Balconies of any size can be wonderful. We had a small Juliet balcony off of our hotel room in Nice and we used it every day for croissant eating and to dry our bathing suits. In a more permanent situation, I am sure we would have started growing things on it.

  • Midrise buildings do indeed create nice urban street walls. But it's important to keep in mind that Paris' midrise blocks are also deep and dense and with lots of courtyard conditions. That's how the city is able to house so many people at such low building heights.

  • Facing conditions between buildings is less of a concern when you employ less glass. Smaller punched windows allow you to better manage privacy. I would go so far as to argue that if Paris were an all-glass city, much of its current built form would be fairly unlivable.

What did I miss in this list?

Photo by Alexander Kagan on Unsplash

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Brandon Donnelly

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Brandon Donnelly

Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.

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