We arrived in Revelstoke, BC, yesterday afternoon. The last time I was here was in 2015, and already I can tell that a lot has changed since then. I'm sure I'll have more to say on this over the next few days, but one of the first things that stood out to me was the city's signage.
In 2020, Revelstoke City Council approved a $3.2 million, multi-phase wayfinding plan designed by Cygnus Design Group. So, what I have been seeing are the first completed phases.
Wayfinding signage serves (at least) two critical functions. The first, and most obvious one, is that it tells people where they are and how to get to where they likely want to go. The sign in the cover photo of this post is what you see right before you enter downtown.
The second function of wayfinding signage is to send other signals. It communicates to visitors that things are well-managed, that the place is hospitable, and, most importantly, that the place attracts visitors from around the world. It conveys importance.
Before I had even reached downtown, the signage made me think to myself, "Wow, Revelstoke has grown a lot since I last visited!" That's the power of good communication, and it's a vital part of placemaking.
Cover photo from Cygnus
Whistler is out, the Interior of BC is in. Huge real estate deals are out, powder chasing is in. If you're a long-time reader of this blog, you'll know that I do a ski and snowboard trip with a group of friends each year around this time.
Our last three trips were to Park City (where it snowed so much we lost power); Trois Vallées (which also served as my bachelor party and which involved equal parts snowboarding and dancing on tables); and Hokkaido (where it looked like Toronto looks right now).
This year — for annual number fifteen — we're headed to Revelstoke and Kicking Horse in the Selkirk and Purcell Mountains.
On some trips we like to combine an urban trip with the mountains, so that we can also gawk at architecture and urbanism. That's what we did in Japan last year. But this year's trip is not about that. It's about unadulterated time in the mountains.
It has been a weird season for snow. The west coast has been too warm with not enough of it, and the east coast has been too cold with unusual amounts of it. I have no idea what's in store for us this week, but here's to hoping it looks like the cover photo of this post.
In some related real estate news, Extell Development Company and Hilton just announced that they'll be opening a Waldorf Astoria Resort and Residences in the new Deer Valley East Village.
It's going to have 132 hotel keys and 105 one- to six-bedroom branded residences ranging from 1,099 to 5,155 square feet. Of the 105 branded residences, 56 will be "hotel residences" located above the hotel, and the remaining 49 residences will be in a more exclusive standalone residential building.
This month, Amazon announced that it will be opening a new 230,000 sf big box store in the suburbs of Chicago. Half of the store will be consumer-facing, where customers can browse aisles for groceries, household items, and general merchandise, and the other half will serve as a kind of micro-fulfillment center.
Supposedly, the municipality applied a restriction to the lands requiring it to be a consumer-facing store; it can't just be for fulfillment. But it seems that some kinds are allowed.
My understanding is that the "fulfillment" component of the project will allow customers to order (on kiosks throughout the store) certain items "from the back" and have them delivered to the front of the store for checkout. Importantly, it also decouples inventory management and optimizes the back-of-house for online grocery.
This is a big store; bigger than even a Walmart Supercenter. It also sits on a 35-acre site, which means the lot coverage is only around 15%. However, there's also a large stormwater management pond and room for additional pad buildings based on this site plan:
We arrived in Revelstoke, BC, yesterday afternoon. The last time I was here was in 2015, and already I can tell that a lot has changed since then. I'm sure I'll have more to say on this over the next few days, but one of the first things that stood out to me was the city's signage.
In 2020, Revelstoke City Council approved a $3.2 million, multi-phase wayfinding plan designed by Cygnus Design Group. So, what I have been seeing are the first completed phases.
Wayfinding signage serves (at least) two critical functions. The first, and most obvious one, is that it tells people where they are and how to get to where they likely want to go. The sign in the cover photo of this post is what you see right before you enter downtown.
The second function of wayfinding signage is to send other signals. It communicates to visitors that things are well-managed, that the place is hospitable, and, most importantly, that the place attracts visitors from around the world. It conveys importance.
Before I had even reached downtown, the signage made me think to myself, "Wow, Revelstoke has grown a lot since I last visited!" That's the power of good communication, and it's a vital part of placemaking.
Cover photo from Cygnus
Whistler is out, the Interior of BC is in. Huge real estate deals are out, powder chasing is in. If you're a long-time reader of this blog, you'll know that I do a ski and snowboard trip with a group of friends each year around this time.
Our last three trips were to Park City (where it snowed so much we lost power); Trois Vallées (which also served as my bachelor party and which involved equal parts snowboarding and dancing on tables); and Hokkaido (where it looked like Toronto looks right now).
This year — for annual number fifteen — we're headed to Revelstoke and Kicking Horse in the Selkirk and Purcell Mountains.
On some trips we like to combine an urban trip with the mountains, so that we can also gawk at architecture and urbanism. That's what we did in Japan last year. But this year's trip is not about that. It's about unadulterated time in the mountains.
It has been a weird season for snow. The west coast has been too warm with not enough of it, and the east coast has been too cold with unusual amounts of it. I have no idea what's in store for us this week, but here's to hoping it looks like the cover photo of this post.
In some related real estate news, Extell Development Company and Hilton just announced that they'll be opening a Waldorf Astoria Resort and Residences in the new Deer Valley East Village.
It's going to have 132 hotel keys and 105 one- to six-bedroom branded residences ranging from 1,099 to 5,155 square feet. Of the 105 branded residences, 56 will be "hotel residences" located above the hotel, and the remaining 49 residences will be in a more exclusive standalone residential building.
This month, Amazon announced that it will be opening a new 230,000 sf big box store in the suburbs of Chicago. Half of the store will be consumer-facing, where customers can browse aisles for groceries, household items, and general merchandise, and the other half will serve as a kind of micro-fulfillment center.
Supposedly, the municipality applied a restriction to the lands requiring it to be a consumer-facing store; it can't just be for fulfillment. But it seems that some kinds are allowed.
My understanding is that the "fulfillment" component of the project will allow customers to order (on kiosks throughout the store) certain items "from the back" and have them delivered to the front of the store for checkout. Importantly, it also decouples inventory management and optimizes the back-of-house for online grocery.
This is a big store; bigger than even a Walmart Supercenter. It also sits on a 35-acre site, which means the lot coverage is only around 15%. However, there's also a large stormwater management pond and room for additional pad buildings based on this site plan:
If you missed my recent post about the East Village and the new Four Seasons that is also currently under construction, click here.
A store this massive is a fascinating signal because it's a clear admission from Amazon that it needs to get its brick-and-mortar strategy right if it wants to compete in grocery. Even after its Whole Foods acquisition, it's only about 3% of the US grocery market, whereas Walmart is sitting at over 20%.
Ten years ago, it did not feel like this would be where we would end up. Retail as a real estate asset class was out of favor. Brick-and-mortar retail seemed destined to be disrupted by e-commerce and drone delivery. But retail evolved and grocery proved to be a unique facet of retail. At least so far.
Cover photo by Brittani Burns on Unsplash
If you missed my recent post about the East Village and the new Four Seasons that is also currently under construction, click here.
A store this massive is a fascinating signal because it's a clear admission from Amazon that it needs to get its brick-and-mortar strategy right if it wants to compete in grocery. Even after its Whole Foods acquisition, it's only about 3% of the US grocery market, whereas Walmart is sitting at over 20%.
Ten years ago, it did not feel like this would be where we would end up. Retail as a real estate asset class was out of favor. Brick-and-mortar retail seemed destined to be disrupted by e-commerce and drone delivery. But retail evolved and grocery proved to be a unique facet of retail. At least so far.
Cover photo by Brittani Burns on Unsplash
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