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July 15, 2017

Video: Brooklyn Navy Yard

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Monocle recently published a short 4 minute video tour of the Brooklyn Navy Yard. It covers a bit of the area’s history and the kind of businesses that are flocking to the area today.

One of the reoccurring themes in the video is a feeling of stability. The local businesses feel secure in their space and some even believe that the area is somehow immune to gentrification.

Monocle doesn’t allow embedded videos, so you’ll have to click here to watch.

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June 20, 2017

Video: New York 1911

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The Museum of Modern Art (MoMA) recently restored and published a “documentary travelogue” of New York City from 1911. 

It was originally filmed by a Swedish company, called Svenska Biografteatern, that went around the world filming noteworthy places such as Niagara Falls, Paris, Monte Carlo, and Venice.

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Not surprisingly, New York City is a vibrant and bustling place at the beginning of the 20th century. But it somehow feels serene. Maybe it’s the soundtrack. It’s also interesting to think that this was filmed only 3 years before World War I broke out.

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I particularly enjoyed seeing all of the streetcars (trams) and elevated rail running through the streets.

Below is a screenshot of a young girl – clearly bored and/or disinterested – being chauffeured down Fifth Avenue in what was almost certainly a fancy convertible at the time.

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MoMA doesn’t allow you to embed the video, but you can watch it here through July 14. It’s 9 minutes and, if you’re a city nerd like me, I think you’ll really enjoy it. The street life footage kicks in around the 3 minute mark.

Screenshot Images: MoMA

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June 3, 2017

Late-stage gentrification on Bleecker Street

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The New York Times ran an interesting piece this past week about the rise and fall of Bleecker Street in the West Village. 

The synopsis of the story is as follows: 

Bleecker was once a quaint West Village street. Then the yuppy cupcake shop and big brands (Marc Jacobs) came in to cater to the “Black Card-wielding 1-percenters”. But eventually rents got so out of hand that even the big brands started closing up shop. Now the street is filled with empty storefronts.

Here’s an excerpt from the article:

Bleecker Street, Mr. Moss said, is a prime example of high-rent blight, a symptom of late-stage gentrification. “These stores open as billboards for the brand,” he said. “Then they leave because the rents become untenable. Landlords hold out. And you’re left with storefronts that will sit vacant for a year, two years, three years.”

Nobody likes vacant storefronts. But it is a perfect example of the kind of cycles that neighborhoods and cities can and will continue to go through. Understandably though, there is a real concern that New York could be losing its soul. And really that’s a question and challenge for all global cities.

What happened to the New York where the artist Donald Judd was able to buy a five-story cast-iron building in Soho for under $70,000 (1968)? It’s gone. 

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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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