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.
A good friend of mine in Philadelphia just recommended a new book to me by Diana Lind called, Brave New Home: Our Future in Smarter, Simpler, Happier Housing. I haven’t read it yet, so I can’t in good conscience recommend it to you all or comment with any sort of precision.
But the New York Times seems to think that Diana has convincingly argued that the single-family home is at least partially to blame for a whole host of our societal challenges — everything from economic inequality to loneliness.
This is, of course, not an entirely new narrative. But it is perhaps a timely read given that we are living through a period of time where loneliness seems to be on the rise and people are allegedly fleeing our urban centers in search of space and distance.
I read the first few sentences of this article and immediately thought to myself, “Yup, this is the world we now live in. Attention spans are dwindling.” And since Monday was back to work for many of us, I figured it was timely.
The piece is about Mark Manson’s new book called, Everything is Fucked: A Book About Hope. In it, he talks about anxiety, depression, intolerance, and the attentional challenges that are, arguably, a result of today’s modern economy.
His proposed solution is something he calls the Attention Diet. Similar to how it’s important not to eat bad things, it’s important, in today’s information economy, not to consume bad things. And like junk food, there’s a lot of junk information fighting for our attention. I like the parallel.
Here are the 3 steps to the Attention Diet:
Correctly identify nutritious information and relationships.
Cut out the junk information and relationships.
Cultivate habits of deeper focus and a longer attention span.
Put even more succinctly, it’s about filtering for quality in a world of endless information. Here’s an interesting line from Mark: “Because in a world with infinite information and opportunity, you don’t grow by knowing or doing more, you grow by the ability to correctly focus on less.“
My friend Ben Stevens has just published a book called, The Birth of a Building. It is a primer on all the ingredients that go into a new building: finance, law, urban planning, architecture, engineering, construction, and development. It is a book that I wish I wrote. But at the end of the day, it’s a lot easier to endorse a book than it is to write a book. So I am doing the former here today. If you decide to purchase the book, you’ll also find my endorsement within it. But to be clear, the only reason I’m writing about this is because Ben is a great guy and this is a great book.
Congratulations on this huge accomplishment, Ben. For more information, click here.
So I am looking forward to his latest book about how to create and sustain the kind of business culture that you want. It’s called, What You Do Is Who You Are, and that should give you a sense of where this is going.
Here’s an excerpt from Ben:
Because your culture is how your company makes decisions when you’re not there. It’s the set of assumptions your employees use to resolve the problems they face every day.
It’s how they behave when no one is looking. If you don’t methodically set your culture, then two-thirds of it will end up being accidental and the rest will be a mistake.
Your culture is who you are. Who you are is not the values you list on the wall. It’s not what you say at an all-hands. It’s not your marketing campaign. It’s not even what you believe.
It’s what you do. What you do is who you are. My new book aims to help you do the things you need to do so you can be who you want to be.
If you’d like to pre-order a copy, you can do that here. 100% of the proceeds will go to anti-recidivism and to Haiti.
Over the long weekend, and across a couple of flights, I read Perfect City by Joe Berridge. I thoroughly enjoyed it. Each chapter focuses on a different world city, starting with the one and only Toronto. From New York to Singapore and London to Belfast, Joe hones in on what is working and what is not working.
No city is perfect.
I found myself folding the top corner of the page on numerous occasions. I did this every time I came across an interesting takeaway or stat, such as this one here: “Angela Merkel, the German chancellor, recently observed that Europe has 7 per cent of the world’s population, 25 per cent of its GDP, and 50 per cent of its social expenditures.”
However, the thread that really stood out to me is one about individuals. We all know that great things happen as a result of great teams. But as Joe profiles the various city building initiatives that he has come across throughout his work and travels, a common theme seems to emerge.
From Jane Jacobs to Lee Kuan Yew, there’s often a determined individual who is set on making something happen, or set on stopping something from happening, as is the case with Jane Jacobs and Toronto’s (proposed) Spadina Expressway.
This is not meant to discredit the value of teamwork. We all know that is essential. Instead, I think it speaks to the power of individual passion, conviction, and tenacity — all of which are ingredients required to build a perfect, or almost perfect, city. Wonderful things don’t just happen on their own.
I have a large, and growing, stack of books sitting beside my bed. It is a symptom of my interest in reading exceeding my actual capacity to read, given all the other things I’m doing. However, summer is a good time to get caught up and over the long weekend I did finish reading, The Global Edge: Miami in the Twenty-First Century. It was great, and so now I can confidently recommend it to all of you.
The most interesting storyline for me was the leading role that “pre-Mariel” Cubans (more on this below) played in transforming Miami from a winter destination to an emerging global city. According to 2015 figures, the City of Miami’s population is 70% Hispanic, of which 34% are Cuban. About 70% of the city’s population speaks Spanish at home. And only about 11.9% of the population is white (non-Hispanic).
But the bit that really intrigued me was the distinction that Alejandro Portes and Aerial C. Armony make between the “pre-Mariel” Cubans who arrived in the 1960s and 1970s — many of whom became successful entrepreneurs — and the “Marielitos” who arrived in the 1980s onward. This latter group has, on average, not seen the same kind of financial successes as its predecessors.
The other thing that I think many of you will appreciate is that the authors recognize that all urban phenomena are inherently spatial. And so almost everything they discuss is described in terms of its physical manifestation within the city. Perhaps the most stark is the region’s growing inequality. Wealth along the water; poverty inland.
Here’s some more information on the book if you’re interested.
When many (or perhaps most) people think of Miami/Miami Beach, they think of its beaches and resorts. And that is certainly a mainstay of the region’s offering. But over the past few decades, Miami has also emerged as an important global city (albeit at a more regional scale) and as a center for art and culture. Miami has the second largest concentration of international banks in the United States after New York, which begins to speak to the region’s importance for Latin America.
New York City is what it is today because it was the port of entry for new immigrants coming to the United States. This same phenomenon is what reshaped the Miami economy, starting first with Cuban exiles. Today, the city remains a refuge for Latin Americans searching for greater political and economic stability. As my friend from Miami likes to tell me, “the best thing about Miami is that it’s so close to the United States.”
I’m enjoying this book and I bet some of you will as well.
“This book is a love story of cities. It is so well observed — the places, the people, the history and what the future holds. Joe tells a very personal and beautifully written story direct from the front line. An absolute must read for everyone who cares about, and wants to understand, what makes cities and their citizens tick.”
– Dame Alison Nimmo, Chief Executive of the Crown Estate
Joe Berridge, of Urban Strategies, has a new book coming out called, Perfect City: An Urban Fixer’s Global Search for Magic in the Modern Metropolis. Perfect may be the enemy of good (as they say), but Joe argues that all great cities have moments of perfection that we can learn from.
I just preordered a copy. If you’re interested, you can do the same here.
Shaping Cities in an Urban Age is the third book to come out of the London School of Economic’s Urban Age project. It was published last fall. The first two titles were, Living in the Endless City (2011) and The Endless City (2007).
If you’re familiar with the first two publications, you’ll know that these books are heavily illustrated. Lots of maps, charts, and diagrams. So they make great coffee table books. But they’re also filled with insightful essays — this one has 37 of them.
In this particular book the focus is on the following:
“It identifies current trends that are making cities more fragmented, less equitable and environmentally more damaging, and argues powerfully for a more integrated social, environmental and spatial approach that can inform and inspire city-makers that are shaping an increasingly urban world.”
I am sharing this with all of you today because I have always really enjoyed these books. They have a way of quickly putting things into perspective globally.
Around 2.5 billion more people are expected to live in an urban agglomeration by 2050. And 90% of this growth is expected to happen in just two places: Asia and Africa. This is an unprecedented shift that will obviously create many challenges and many opportunities.
“Francis is one of the most decisive people I know. He made a commitment to invest in our first venture capital fund in a five-minute cab we shared to work one morning.”
—Fred Wilson, Co-Founder, Venture Capitalist, and Blogger, Union Square Ventures
Francis Greenburger, who is founder and CEO of the real estate investment and development firm Time Equities, recently appeared on Barry Ritholtz’s Masters in Business Podcast.
They touch on a number of topics, including why development sometimes produces more bankruptcies than billionaires; why development margins are compressed in Toronto; and how Francis popularized the co-op in New York.
