Daily insights for city builders, delivered every morning at 6 AM ET. I’m Brandon Donnelly — a Toronto-based real estate developer and founder of Globizen. I’ve been writing here since 2013.

  • How buildings convey meaning

    Witold Rybczynski and I clearly do not have the same taste in architecture. But he raises an interesting point about the relationship between architecture and art in this recent post. Here’s an excerpt:

    In the name of renouncing the past—and denouncing anything that smacks of decoration—modernism has largely done away with art, the lonely Henry Moore stranded on a plaza, notwithstanding. The problem is that when you strip away figural and allegorical ornament, what is left are mute building materials, mechanical-looking details, and abstract space.

    There is a long-standing tradition of integrating art, and other ornament, into architecture. But modernism viewed this sort of decoration as being superfluous. It wasn’t functionally necessary and so why include it?

    This has led us to today where there is a joke that investing in public art means investing in some sort of add-on that sits outside of your building and that can be classified as art. Perhaps something by Henry Moore.

    The result, Witold argues, is that we have lost something critically important in our buildings: meaning.

    But is allegorical ornament really all that different from a freestanding art piece? Don’t both tell a story? And don’t they both get applied, in a way, to a building that could surely continue on without it?

    At the same time, what is meaningful art? Does it need to include bas-relief and/or figural representations? Or could it be a signed urinal on a pedestal in the lobby with an accompanying digital NFT?

    There’s no question that buildings need meaning. We all crave stories. But sometimes they communicate in different ways.

    Photo by David Vives on Unsplash

  • Digital-only clothing is seemingly taking off — is real estate next?

    https://www.instagram.com/p/CPX05kKAXPb/?utm_source=ig_web_copy_link

    Last month a digital-only version of a Gucci bag sold on gaming platform Roblox for about US$4,115. Again, digital-only. No physical bag that can be brought to brunch. At the time, this was about US$800 more than the real life version of the same Gucci bag. So why not go and buy that one instead?

    I am sure that most of you are scratching your head at this and wondering: who the hell is valuing the digital more than the physical? Could it be that status and signaling — perhaps the real purposes of a designer bag — are even more important online in the world of Roblox than in real life? In this case, it wasn’t even an NFT and so presumably there aren’t any value claims around scarcity and authenticity. (Full disclosure: I don’t know how Roblox works.)

    It’s important to keep in mind that meaningful innovation often starts out looking pretty silly to some/most. And to me, this feels like one of those times. What we are clearly seeing is a blurring between our digital and physical worlds. In fact, just today I was reading about a slew of digital-only clothing companies that sell, you know, contactless cyber fashion. One of those companies is Tribute (embedded post above).

    The way it works is that you first buy a piece of digital clothing (which can sell out just like regular clothing). You then send them a picture of yourself and the company goes and renders that piece of digital clothing onto your photo. The result is what you see above, which to me looks fairly realistic (though at the same time fantastical, which I think is part of the point).

    As out-there as this may seem, this strikes me as something that could become a very big deal. What is real on Instagram anyways? I can also see this being applied to other industries, including real estate. Maybe that is already happening.

    What do you think?

  • Toronto releases draft garden suite regulations

    As most of you know, laneway suites (a form of accessory dwelling unit) are permitted “as-of right” across the City of Toronto. This has led to an explosion of new laneway housing. One framing contractor that I know recently told me that he is now doing a new laneway house every month. Incredible considering how out-there they were only 10 years ago.

    However, there are a few barriers to participation with the current policies, one of which is that you need to be adjacent to a laneway in order to have an eligible lot. So the City has been working on adapting these policies to suit residential properties without a public lane. These new accessory dwelling units are being referred to as “garden suites.”

    The draft garden suite regulations are now available online and will be heard at Planning and Housing Committee next week. The recommendations are that these regulations form the basis for further community engagement, and that a final report be brought back to the Committee in Q4 of this year.

    This final report is expected to recommend Official Plan policies and Zoning By-law regulations so that garden suites, along with laneway suites, can be as-of-right across the city. This is great news. So if you have a lot without a public lane and you’re considering an ADU, now might be a good time to start planning.

    The best place to start doing that would be with these draft regulations.

  • Canada’s national net worth spiked largely because of home prices

    Here are some interesting figures from a recent Statistics Canada article about Canada’s national net worth.

    In the first quarter of this year, Canada’s national net worth increased by over $1 trillion or 7.7% to reach nearly $15 trillion. This is, as I understand it, record-breaking. National net worth is defined as the sum of national wealth and Canada’s net foreign asset position, the latter of which is assets that Canada owns abroad, minus the value of any domestic assets owned by foreigners. Most of the increase this past quarter was in national wealth.

    Here is a chart that speaks to this (quarterly change in national net worth by component). Again, the light blue is national wealth. It is the biggest bar.

    On a per capita basis, which is much easier to contextualize, national net worth rose from $365,184 to $392,496.

    The other metric that is up is household savings. We’ve talked about this before on the blog, but check out this chart. In the first quarter of this year, it was 13.1%. And at the beginning of the pandemic, back in Q2-2020, it was 27.4%. I believe these figures represent the percentage of after-tax disposable income that is saved. Either way, a double digit savings rate is not typical for Canadians.

    So what is driving this increase in national wealth? A big part of it is the value of residential real estate, which increased 9.4% in the first quarter. StatsCan is calling this “unprecedented” but I don’t know how far back they are looking to make this claim.

    Because of this, increases in net worth have been, not surprisingly, unequally felt. For households that own their home, net worth increased by over $730 billion last quarter. For households that rent their home, net worth increased by approximately $43 billion. On a per household basis, this translates into net worth increases of approximately $73,000 and $8,000, respectively.

    This is a meaningful spread.

    For the full Statistics Canada article, click here.

  • Google opens first ever retail store in New York City

    Google just opened up its first ever retail store. It’s in Chelsea in New York City at the base of its offices in a building that the company owns. The space is about 5,000 square feet and it occupies a full city block.

    A collaboration with New York-architect, Suchi Reddy, the retail space is deliberately different from what you’ll find at an Apple store (though the broad intentions are arguably similar). Instead of sleek, metallic and futuristic, the focus here was on creating a warm and inviting space that feels more like a home. (Note the pale woods.)

    The approach is intended to make a statement about the role that technology, or at least Google’s technology, should play in our lives. It is about tech servicing humanity and not the other way around.

    FastCompany has a good article, here, that explains all of this.

    It is interesting to watch these spaces evolve into what we are now calling experiential retail or commerce. If you read the FastCompany article you’ll read about the work that Johns Hopkins University is doing on neuroaesthetics, which is the study of how spaces and aesthetics affect our bodies. That is how finely tuned these spaces have become.

    And it’s kind of what you need to do today. Consider the example of Microsoft’s retail stores, which launched in a clear attempt to mimic the successes that Apple has seen with its stores. They even looked somewhat similar. But then last year Microsoft announced that the company would be closing all of its stores.

    Why? Part of the problem is that they were too focused on just selling Microsoft products. And that, it would seem, can’t really be the main objective anymore. You also need to consider the experience. What story are we telling about our brand with our space, and is it compelling enough to standout?

    P.S. The first image at the top of this post is of their Google Translate booth. You walk in. Say something. And Google translates the hell out of it for you.

    Photos: Google

  • London to pedestrianize Oxford Circus

    I was just reading about London’s plans to pedestrianize Oxford Circus with two new semi-circular pedestrian piazzas (pictured above). And it reminded of two things.

    One, there are silver linings to this pandemic. And one of them is that it has forced us to rethink how we allocate public space and how we engage with it. It is incredible seeing Toronto right now with so many outdoor patios in full swing. Why eat inside when you can eat outside? We should have been doing this all along.

    Two, the transformation of Toronto’s Yonge Street cannot happen fast enough. We are sorely missing a pedestrianized spine through the middle of our downtown. This portion of Yonge Street currently looks like shit and I know that we can do much better.

    Think La Rambla in Barcelona. Grafton Street in Dublin. Lincoln Road in Miami Beach. These are the streets that seem to always draw you in. They are places where public life can play out. I’m pretty sure that I have never once visited any of these cities and not walked these streets.

    Thankfully Yonge Street’s transformation is underway. So let’s make it truly remarkable and one of the most beautiful streets in the world. That should be the bar we set for ourselves.

    Image: Westminster City Council

  • A fundamental and profound innovation

    I setup a new cryptocurrency wallet (offline hardware storage) this evening and then used it to buy brandondonnelly.eth using ENS (Ethereum Name Service). I don’t know what the hell I’m going to use it for, yet, but I own brandondonnelly.com. So I figured I should grab the decentralized blockchain version of my name as well. Perhaps at some point in the future I’ll be glad I did.

    I plan to buy a bunch of other .eth domains in the near future as well. The costs are similar to registering a traditional domain.

    Part of the reason why I’m doing all of this because I’ve decided that it’s time to do a deep dive and better understand the possibilities of the blockchain (a decentralized vs. centralized internet). I’ve been following for a number of years, but it has been pretty surface level. It’s time to get serious. And I must say that it felt pretty cool to use my new hardware wallet to buy something with ETH.

    Overall, things started to really click for me when I saw the digital economy that was emerging with Ethereum (applications, NFTs, DeFi, etc.). Instead of just digital money, I could now see clear use cases and demand drivers for the cryptocurrency. Again, I used ETH to buy brandondonnelly.eth, which means I first had to be an owner of ETH.

    If you’re looking to better understand the possibilities of a decentralized internet — specifically why non fungible tokens are bad ass — check out this blog post by Albert Wenger. He uses the example of the Mona Lisa sitting in the Louvre to explain why NFTs are not a fad and, instead, a “fundamental and profound innovation.”

  • Luminar announces vision for autonomous vehicle future

    Luminar Technologies, which is an autonomous vehicle technology company that I have written about before, just hosted its first ever “Studio Day” in New York City this week. And at the event they announced two new technologies.

    The first is called Iris, which is a small lidar device that is intended to be integrated into regular consumer production vehicles — on the roof just above the windshield. And supposedly the company is on track to have these into full production and available to their OEM partners by the end of next year (2022).

    The second technology is something that they are calling Blade, which is a lidar system that can offer a 360 degree field of vision and is intended for use in robo-taxis, trucks, and other consumer vehicles. It’s called Blade because it’s kind of like a blade that wraps around the tops of these vehicles.

    We’ve been talking about autonomous vehicles for what seems like a long time. And it is now clear that this is not an easy problem to solve. But from what I have read, lidar seems like the promising technology and something that will become necessary for full autonomy. So I am now long $LAZR. Whether this is the right move is still to be determined.

    The full Studio Day video is embedded at the top of this post. If you’re reading via email subscription and can’t see it, click here.

    I liked the bit (just after the 9 minute mark) about how headlights were first introduced and how it took some time before they were fully absorbed and integrated into the design of cars. Today they are now a signature design element for most car brands. It’s a clever parallel for what Luminar is trying to do with Iris and Blade.

  • Creating change

    I was reading about a proposed development earlier today (it doesn’t really matter which one for this story) and I immediately thought to myself, “wow, this is a beautiful development. I like what they’ve done here.” The project happens to be by one of my favorite architects in the city. Sadly though, we have yet to work with them on any of our projects.

    I then decided to read the comment section of the article. There were dozens and dozens of comments and virtually all of them were negative and against the development. What is, of course, clear is that we all have different beliefs. We all see things differently. And that’s part of the reason why creating any sort of change is usually so difficult.

    But if you think about it, so much of our world resolves around change. If we want to address climate change, we are going to need to make changes. If we want to improve housing affordability, we are going to need to make changes. If we want to build more inclusive and economically prosperous cities, we are going to need to make changes.

    The challenge with all of this change is that we have inertia working against us. Case in point: I’m sure that most of us have been in a meeting at one point or another when a decision was made purely based on what was done the last time around. We did X. So let’s do X again. Why change? Probably a safe bet.

    Seth Godin once said that, “if you do anything that matters, it means you’re trying to change something.” He was talking about the world of marketing. But I believe that there’s a universal truth to this. Change unlocks potential.

  • Parasol installation unveiled in downtown Vancouver

    Tangible, which is a Vancouver-based art and design studio, has just unveiled its latest “immersive experience.” It’s called Parasol and it can be found in downtown Vancouver in front of the Bentall Centre near the intersection of Dunsmuir and Burrard. An illuminated canopy-type structure, the 40 fins that make up each Parasol are equipped with LEDs and are designed to mimic the underbelly of a mushroom. If you can’t see the embedded video above, click here.

    I am a big fan of urban lighting and I have long felt that we don’t do nearly enough to light our cities in ways that are fun and playful and that promote a stronger sense of place. This is particularly true during the winter months where, in cities like Vancouver, the sun sets before many people even leave work. So I am sharing Parasol with all of you today as a kind of call to action: Let’s be more fun with our cities. This is a great example for how to do that.