The March issue of Monocle just dropped, debuting a new format called the Monocle 100. It's a list of the people, places, and things worth knowing about. And in the middle of it is something called the Monocle Property Survey, which was deliberately timed to coincide with MIPIM, the massive real estate conference that takes place every March in Cannes.
As a quick aside, our team contemplated going to MIPIM this year in search of both friends and money, but then we thought to ourselves: Why bother going to the South of France when we have Toronto in the middle of March to enjoy?
The first thing the Property Survey does is give a rare nod to developers: "While architects often nab all the credit for building our cities, streets and homes, it's actually developers who should get much of the kudos (and blame, in some instances). Because it's usually developers — small, large, private, state-funded — that must secure land, raise capital and take risks." It almost feels weird hearing somebody say something positive about our kind.
The March issue of Monocle just dropped, debuting a new format called the Monocle 100. It's a list of the people, places, and things worth knowing about. And in the middle of it is something called the Monocle Property Survey, which was deliberately timed to coincide with MIPIM, the massive real estate conference that takes place every March in Cannes.
As a quick aside, our team contemplated going to MIPIM this year in search of both friends and money, but then we thought to ourselves: Why bother going to the South of France when we have Toronto in the middle of March to enjoy?
The first thing the Property Survey does is give a rare nod to developers: "While architects often nab all the credit for building our cities, streets and homes, it's actually developers who should get much of the kudos (and blame, in some instances). Because it's usually developers — small, large, private, state-funded — that must secure land, raise capital and take risks." It almost feels weird hearing somebody say something positive about our kind.
But even better, the survey includes a full page on our unique creative residency program at Parkview Mountain House (Park City, Utah):
A big thanks to the Monocle team for the feature. If you're in Toronto and would like to pickup a copy of this month's issue, visit their shop in Little Italy at 776 College Street. And if you'd like to learn more about PMH, including our creative residency program, visit pmhpc.com.
I sometimes joke that one of my part-time jobs is charging devices, and so I love that the world has shifted to USB-C as the standard for wired charging. It's trendy to criticize the EU for over-regulating things, but this is one area where I'm glad they stepped in and forced everyone, including Apple, to get on board.
Phones, tablets, and laptops basically have 100% adoption at this point, and adoption is similarly high for other small appliances, electronics, and even airplane seats. All of this means having to carry around fewer cables, which is especially helpful when traveling.
At Parkview Mountain House, we equipped the main workspace area and kitchen with USB-C outlets, though we also included USB-A for legacy reasons. It's good for that electric toothbrush. But I know we're going to need many more USB-C outlets in the coming years.
On that note, I just discovered a cool Swedish company called Cords that makes beautiful, high-quality cables, chargers, and extenders. They also have a partnership program for architects, interior designers, and retailers if any of you are interested.
Sadly, though, they're a Swedish company and I think all of their devices use a Type C European wall plug. Otherwise, I'd be getting one of the cylindrical chargers shown above.
There are about 15 electrical plug types currently in use around the world. I can't see these being standardized anytime soon, but I do think that we'll see household outlets reach something close to a 50/50 split between standard and USB-C outlets. Already, I feel we should have installed more at PMH.
USB-C doesn't allow for enough power for bigger appliances, so it's not going to be for everything. But for any device that could run off a USB-C port, I don't know why it wouldn't eventually switch. If you aren't already thinking about this in your new-build projects, it wouldn't be a bad idea to start planning for it.
That is, until we've figured out a viable wireless charging solution. This is why USB-C is sometimes referred to as the "final connector." It's probably the last wired connector before we get rid of wired altogether.
How online grocery shopping is strengthening retail real estate
There are now over 2,300 cities and towns across the US where Amazon offers free same-day grocery delivery for Prime members. This means a 2-hour delivery from an Amazon Fresh or Whole Foods Market. And apparently, 90% of what people buy this way is perishable, namely, fruit. Perishable food purchases also increased 30x this year, according to the company.
When it comes to online grocery shopping, this falls under what is typically referred to as the "delivery" bucket. There are three main shopping categories. The delivery bucket, which is now the largest category, gets fulfilled through a local grocery store. It's an Instacart worker or someone else collecting your food and delivering it to your home.
The next largest bucket is pickup, or click-and-collect. This is where a consumer buys what they want online and then picks it up in person. Lastly, there's the ship-to-home category. This is typically for non-perishable products, and the difference here is that the goods are coming from a distribution center, as opposed to a local grocery store. Think of it like a typical purchase from Amazon.
The grocery model continues to evolve rapidly. But local stores — and the real estate that houses them — seem to be remaining central to it. In Toronto, I don't normally shop at Whole Foods Market, but there is one very close to Parkview Mountain House that I like shopping at when I'm in Park City. And every time I go, it feels more like an Amazon store.
There's special pricing and deals for Prime members. The Amazon One palm scanning technology is at every register. And there's an Amazon return facility in the store to deal with that thing you erroneously ordered from China. It's all becoming seamlessly integrated with the broader Amazon ecosystem.
So from a real estate standpoint, the brick-and-mortar store is not being supplanted in the way that people once speculated. The physical store is just continuing to evolve to meet a changing omnichannel landscape, acting as a grocery store, distribution center, physical customer service center, casual restaurant, and more.
If anything, this makes the real estate more, rather than less, valuable.
But even better, the survey includes a full page on our unique creative residency program at Parkview Mountain House (Park City, Utah):
A big thanks to the Monocle team for the feature. If you're in Toronto and would like to pickup a copy of this month's issue, visit their shop in Little Italy at 776 College Street. And if you'd like to learn more about PMH, including our creative residency program, visit pmhpc.com.
I sometimes joke that one of my part-time jobs is charging devices, and so I love that the world has shifted to USB-C as the standard for wired charging. It's trendy to criticize the EU for over-regulating things, but this is one area where I'm glad they stepped in and forced everyone, including Apple, to get on board.
Phones, tablets, and laptops basically have 100% adoption at this point, and adoption is similarly high for other small appliances, electronics, and even airplane seats. All of this means having to carry around fewer cables, which is especially helpful when traveling.
At Parkview Mountain House, we equipped the main workspace area and kitchen with USB-C outlets, though we also included USB-A for legacy reasons. It's good for that electric toothbrush. But I know we're going to need many more USB-C outlets in the coming years.
On that note, I just discovered a cool Swedish company called Cords that makes beautiful, high-quality cables, chargers, and extenders. They also have a partnership program for architects, interior designers, and retailers if any of you are interested.
Sadly, though, they're a Swedish company and I think all of their devices use a Type C European wall plug. Otherwise, I'd be getting one of the cylindrical chargers shown above.
There are about 15 electrical plug types currently in use around the world. I can't see these being standardized anytime soon, but I do think that we'll see household outlets reach something close to a 50/50 split between standard and USB-C outlets. Already, I feel we should have installed more at PMH.
USB-C doesn't allow for enough power for bigger appliances, so it's not going to be for everything. But for any device that could run off a USB-C port, I don't know why it wouldn't eventually switch. If you aren't already thinking about this in your new-build projects, it wouldn't be a bad idea to start planning for it.
That is, until we've figured out a viable wireless charging solution. This is why USB-C is sometimes referred to as the "final connector." It's probably the last wired connector before we get rid of wired altogether.
How online grocery shopping is strengthening retail real estate
There are now over 2,300 cities and towns across the US where Amazon offers free same-day grocery delivery for Prime members. This means a 2-hour delivery from an Amazon Fresh or Whole Foods Market. And apparently, 90% of what people buy this way is perishable, namely, fruit. Perishable food purchases also increased 30x this year, according to the company.
When it comes to online grocery shopping, this falls under what is typically referred to as the "delivery" bucket. There are three main shopping categories. The delivery bucket, which is now the largest category, gets fulfilled through a local grocery store. It's an Instacart worker or someone else collecting your food and delivering it to your home.
The next largest bucket is pickup, or click-and-collect. This is where a consumer buys what they want online and then picks it up in person. Lastly, there's the ship-to-home category. This is typically for non-perishable products, and the difference here is that the goods are coming from a distribution center, as opposed to a local grocery store. Think of it like a typical purchase from Amazon.
The grocery model continues to evolve rapidly. But local stores — and the real estate that houses them — seem to be remaining central to it. In Toronto, I don't normally shop at Whole Foods Market, but there is one very close to Parkview Mountain House that I like shopping at when I'm in Park City. And every time I go, it feels more like an Amazon store.
There's special pricing and deals for Prime members. The Amazon One palm scanning technology is at every register. And there's an Amazon return facility in the store to deal with that thing you erroneously ordered from China. It's all becoming seamlessly integrated with the broader Amazon ecosystem.
So from a real estate standpoint, the brick-and-mortar store is not being supplanted in the way that people once speculated. The physical store is just continuing to evolve to meet a changing omnichannel landscape, acting as a grocery store, distribution center, physical customer service center, casual restaurant, and more.
If anything, this makes the real estate more, rather than less, valuable.
