Shot on iPhone and a Fujifilm X-T3
Tag: be a globizen
-
Tornado column
Lyon is located at the confluence of two rivers: the Saône and the Rhône. And where these two rivers physically merge in the south is a neighborhood called La Confluence:
A former industrial area and urban renewal project since 1999, La Confluence is now home to world-class architecture, a broad mix of uses, and a club called Le Sucre.
The most important piece of architecture is probably the Musée des Confluences, which was designed by the Austrian firm Coop Himmeb(l)au. It is situated at the very southern tip of La Confluence.
And at the very south end of the museum is this column:
It feels like the exact right place for a column like this.
-
Vacation rentals in Park City
We spent his morning meeting with prospective property managers for Parkview Mountain House. Here’s what we learned about the short-term rental market in Park City, Utah:
- Property management fees generally range from 20-35% of revenue (these are turnkey solutions)
- Airbnb is somewhere around 80% of the market here; though it does tend to skew toward slightly smaller rentals, whereas VRBO skews larger
- Sundance Film Festival and New Year’s Eve are the two busiest times in Park City (demand greatly exceeds the available vacation rentals — 120%?)
- Many Sundance guests tends to be people on expenses accounts: not price sensitive, but apparently very demanding
- Winter is obviously peak demand because of snowboarding and skiing, but demand is still strong in the summer because of cycling, hiking, golfing, fishing, etc.
- The two slowest times are spring (mud season) and fall
- Many PMs will track booking lead times, which is the period of time between booking and check-in
- This past winter season, demand was strong but average lead times were way down — meaning people were booking last minute and responding to snowstorms
- During heavy snowfall seasons, like the one Utah had this past winter, you’ll likely need to budget for roof snow clearing (a few thousand for the season)
- Heated driveways are a very good idea in the mountains
- The most popular / most searched amenity is by far a hot tub; servicing one will run you about $125 per month
I always find it fascinating to dig in and learn about a new industry and/or market. And that’s exactly what we did this morning.
-
A few observations about Venice
We are on the train headed to Milan this morning, so as is customary on this blog, here are a few observations from the last few days in Venice:
- Venice was a dominant republic for some 1,000 years. It was the fulcrum point of trade in Europe and, at one point, its wealthiest city. But that started to change in the 15th century, which is an important reminder that nothing is guaranteed. The world changes. Markets change. And maybe you won’t be as relevant tomorrow, unless you can find another economic reason for being.
- If you’re an old city with lots of history, perhaps the easiest fallback plan is tourism. And it goes without saying that Venice gets a lot of tourists. I was, of course, one of them. After Italian, the most commonly overheard language on the streets seemed to be French. Maybe it was the time of year?
- Besides my debilitating spring allergies, May feels like a reasonably optimal time to visit the city. I don’t think you want to visit Venice in peak summer. Too many meandering tourists taking photos (myself included). And too hot and humid. A high probability of “walking rage.”
- Hotels in Venice are not cheap. But the city itself didn’t seem overly expensive, at least compared to many other top tourist destinations. Think €2.50 jugs of wine, €20-30 for very nice local leather goods, and €110 for a 7-course Michelin-starred meal.
- Venice has some of the most compact streets I have ever walked in. I didn’t have my laser distance measurer on me, but in many cases, you can barely fit two people side-by-side. I certainly couldn’t extend my arms fully outward. (See above photo.)
- Wonderful doorbells. Virtually every apartment in Venice, has an array of doorbells at its front door. They are beautiful, typically in metal, and almost always round. But in addition to looking nice, there is also something very personal and about seeing people’s names right on the street. This probably tells you something about how differently privacy and security are viewed in the city.
- That said, Venice isn’t a place where I would want a pied-à-terre. (I like to think about this sort of thing when I travel because it speaks to impressions of a place.) I mean, I love it, but: Too many tourists and the whole “we are sinking and have regular floods” thing seems like a bit of a problem. For me, it’s a city that I’d like to regularly visit. We spent much of our 2 days at the Venice Biennale, and there’s obviously a lot more to see.
- Finally, and this also goes without saying, but Venice is a city that is necessarily preoccupied with controlling water. Our hotel room had big rain boots in it, just in case. The base of every building is generally solid up to knee height. Interiors have tall tile baseboards. Front doors have removable flood dams. And there are markings across the city indicating some of its historic flood levels. As I understand it, this was always a problem for Venice; however, it is getting worse. I think it tells you just how economically valuable it was for Venice to be located where it is, in a shallow lagoon at the top of the Adriatic Sea.
-
New KYIV city collection t-shirt
At the beginning of this year, Globizen announced a new collection of city t-shirts. They have been very popular and we only have a few left from our original batch (which included some of the greatest places in the world: Toronto, Paris, and Park City). But we recently added a new city: Kyiv. This is obviously a really important one, and 100% of the proceeds from the sale of this shirt are going be used to support Ukraine. The plan is to allocate 50% to the Toronto Ukrainian Foundation, which has been helping displaced Ukrainians settle in Canada, and the balance to Ukraine directly (via cryptocurrencies).
If this sounds good to you, click here.
-
🙌 La Bovida
Paris 1e
-
Legendary literary hangouts in New York City
The New York Times’ recent celebration of the city’s “legendary literary hangouts” is an important reminder of one of the great features of city life. Cities have a way of mixing different people together and inspiring the creation of great things. And sometimes that happens rather informally. (That’s one of the reasons why there’s tremendous value in the nighttime economy.) Tina Jordan writes: “You might think of them as solitary creatures, furiously scribbling or typing alone, but as long as there have been writers in New York City, they have socialized together in an assortment of bars, restaurants, apartments and clubs.”
For the full thing, click here.
-
High-rise apartment pavilion turned Japanese izakaya in Zurich
This past spring a new restaurant called Ooki Pavillon opened in the Sihlfeld neighborhood of Zurich. It’s an izakaya-style Japanese restaurant that is housed in a seven-sided pavilion that was initially constructed in the 1950s. The place looks great (see above), but what you may also find interesting is that the pavilion was initially built as an amenity space (leisure room) for one of Zurich’s first high-rise apartment blocks. Check it on street view, here. Supposedly there are only a handful of these sorts of pavilions remaining in the city. And so it is nice to see this one get repurposed (I don’t know what it was prior to Ooki). It is also a good reminder that, while many of our post-war apartment blocks aren’t the most urban in their approach, rethinking the ground plane can go a long way.
Images: Ooki Pavillon
