This week – thanks to an introduction from a mutual friend – I had the pleasure of having lunch with architect Omar Gandhi.
Based in both Halifax and Toronto, the Globe and Mail has called Omar one of Canada’s next top architects and Wallpaper Magazine has named him one of the top 20 young architects in the world. So if you haven’t yet heard of him, consider this post as your heads up.
What’s exciting about his work is how it really reflects the ethos of the places he works in (east coast Canada in many cases). At the same time though, his works seems to define a new modern and Canadian design sensibility.
And this is what I believe great architecture should do. It should respond to and reinforce local cultures, but also help to shape them as they invariably evolve. Architecture and culture are inextricably linked.
I love seeing local talent thrive, so I hope you will take a minute to visit Omar Gandhi’s website.
One of the most profound shifts taking place today – because of new technologies – is that of decentralization. I’ve written about this before, but I keep coming back to it because I find it so fascinating.
It’s happening to varying degrees, but as a general trend, I believe it is leading to better data (less information asymmetries), more efficient markets, and the removal of many middle people. In the past, some intermediaries were necessary in order to act as proxies for portions of the market. But I believe that is changing.
So what’s an example of this? Bitcoin. Bitcoin is an example of decentralization because no one entity controls it. It operates through a decentralized public ledger. And because of this, it has the potential to be highly disruptive to the way we think about currencies today.
Put another way, I see decentralization as a way to leverage the wisdom of crowds. I am convinced that large groups of people can be incredibly intelligent when they’re allowed to contribute in the right ways. And I think this could solve many different problems, from the infighting we see within cities to broader market phenomena.
As another example, there’s something new in the venture capital space called DAO – which stands for Decentralized Autonomous Organization. Essentially it’s a decentralized VC platform based off of a Bitcoin derivative currency.
But perhaps the most noteworthy and relevant feature is that it allows its large pool of investors to anonymously vote on which investments to pursue. This is in contrast to a more centralized approach where an investment committee would meet behind closed doors in a big boardroom and make a decision. This would be the more typical approach.
If you’re not in the tech space, the above may not seem all that exciting to you. But I see many parallels between venture capital and real estate development, which is one of the reasons I follow the space. So I can’t help but wonder what this trend could ultimately mean for real estate, design, and other city building industries.
I can certainly imagine a world where the forces that shape our cities are more collective and decentralized in nature. It’s already starting to happen through crowdsourcing, social media, ridesharing, and other online platforms.
I just got home from a couple of coffee meetings, an afternoon bike ride and an impromptu basketball shootaround. Toronto is a different place in the summer. And it feels great to be biking everywhere.
But Toronto is more than just Toronto. Toronto is at the center of a much larger urban agglomeration. And our continued success is going to partially hinge on our ability to work together in a coordinated way.
Greg Spencer of the Martin Prosperity Institute recently published an interesting article called: Is it time to create a super-Metro? Here’s what it’s about:
Our research at the Martin Prosperity Institute shows that economic competition is now primarily between cities rather than countries. To be successful in this environment, Toronto and its neighbours need to find a way to erase local divisions and solve their problems together.
Toronto is a wildly successful city, world-class in many respects. When our current institutional arrangements were forged, no one predicted the level of growth the region is experiencing. Status quo local government arrangements cannot adequately deliver the level of co-operation and collaboration needed to cope and plan for the future.
Greg believes that the answer is a new regional authority that could give “democratic legitimacy to the very important decisions being made for the benefit of the wider region.”
I’m not going to comment on how all of this should be executed, but I fully agree that we need to think and act as one consolidated urban entity.
Cities are the economic driver of the new global economy, but many (most?) of our governance structures do not properly reflect that reality. And the risk is that we are allowing arbitrary municipal boundaries and lack of coordination to hinder our ability to compete globally.
This goes for Toronto and it goes for every other city region around the world.