dupont survivor by Josemaria de Churtichaga on 500px

I was on CBC radio this morning talking about the revitalization of Dovercourt Village and Geary Avenue in Toronto. 

The funny thing about this topic is that it’s one I actually held off writing about. I’ve been thinking about this street and area for probably about 5 years now. However, I do have to keep some secrets to myself :)

But then I started feeling like the cat was already out of the bag. Everyone in my circle was talking about it. So I wrote a post calling Dovercourt Village the next Ossington. I had no idea it would get the traction that it has gotten, but in hindsight it makes total sense. It makes a great headline: “Toronto’s ugliest street to become the next Ossington.” Boom.

The tough question that Matt Galloway asked me this morning was: What happens to all the blue collar businesses when/if Geary Avenue and the area really takes off? My response – given that it was only a 5 minute radio piece – was that it comes down to preservation vs. progress. 

This is a topic that I’ve written about with respect to heritage buildings, but the same concept applies to communities as well. How do you allow neighborhoods to receive new investment while at the same time not erasing its past and the things that made it interesting in the first place?

It’s not easy, that’s for sure.

I absolutely believe that there are things that developers can do to respect the neighborhoods in which they build in. But at the same time there are economics at play. In business school, they teach you this:

It’s the lifecycle of businesses and industries. 

The key takeaway here is that the rise and decline of businesses is actually quite healthy for markets. History is littered with examples. The word processor replaced the typewriter. The mobile phone replaced the landline. Air travel replaced rail travel. And the list goes on.

Today, I think we’re at a moment in time where our relationship to cars is changing dramatically. How we get around and how we own and operate them is being called into question. 

So just because there’s auto shops on Geary Avenue today, doesn’t mean they’ll be there tomorrow regardless of whether the area takes off or not.

Tram by Federico Venuda on 500px

My friend Alex Bozikovic of the Globe and Mail recently wrote a great article called: Expert advice on building the city of the 21st century. It’s a nice tie-in to a post I wrote a few weeks ago talking about the need for an urban agenda.

For Alex’s article, the Globe asked “prominent urbanists, architects, and scholars” from around the world to comment on what Canadian mayors should be focused on right now as we build the cities of tomorrow.

Here’s a list of what they said:

1. Make people, not cars, happy
   

2. Decrease speed limits
   

3. Empower city governments
   

4. Leverage density
   

5. Embrace the science of big data
   

6. Mix residences and workspace
   

7. Turn streets into destinations
   

8. Redevelop the inner suburbs
   

It’s a great set of recommendations. So I would encourage you to check out the full Globe and Mail article.

I have good news and bad news.

The bad news is that I took a gnarly spill yesterday afternoon on the mountains. The nose of my snowboard got stuck in deep snow and I fell forward onto my shoulder and then compressed my back. I tore a shoulder ligament and possibly fractured two ribs. So snowboarding season is over for me this year.

The good news is that I now have more time to relax and enjoy the town of Banff, and then Revelstoke this weekend.

Banff is a beautiful town. It’s compact, walkable, and surrounded by snow capped mountains. How could you not love it?

One of the more subtle things that stands out for me though is the ubiquity of second level retail and restaurants. There’s a lot people in the (North American) real estate industry that will tell you that second floor retail just doesn’t work (you want ground floor). And indeed, it can be hard to pull off. As I’ve said before, getting retail right in general can be difficult.

But in Banff, many of the bars and restaurants are up top. Here are a few examples (there’s an Earls, Boston Pizza, and a Korean restaurant, respectively):

So why does it work here?

Given the town’s small footprint and location within Banff National Park, the market is supply constrained. That’s why Parks Canada imposes a number of restrictions on residency. They’re trying to ensure that the people who actually work in the community can find housing and it all doesn’t become second homes.

So my gut tells me that in order to get enough retail/commercial space to serve the area and its tourists, they had no choice but to go up. They simply ran out of ground floor space. Because if the town was able to instead sprawl outward, I suspect that’s exactly what it would have done. And then more ground floor space would have been created.

To be fair, most of the second floor examples I came across were bars and restaurants, which is arguably easier to pull off than straight retail. But it’s still something. 

If any of you are familiar with real estate and planning in Banff or just have a better hypothesis, I’d love to hear from you in the comment section below.