Tag: denver

• Salt Lake City wants to turn Main Street into a pedestrian promenade

  Last year, I wrote about how Salt Lake City wants to build a new linear park around its downtown. That post can be found, here.

  Fast forward to today, and the city’s Department of Economic Development has just published a new comprehensive 215-page study that supports turning Main Street into a pedestrian promenade.

  Specifically, the area running from South Temple to 400 South, and including 100 South from Main to West Temple:

  

  As part of the study, they highlight a number of successful case studies from around the world, including 16th Street Mall in Denver, Bourke Street Mall in Melbourne, and Queens Quay here in Toronto.

  In the case of Denver, they cite the one-mile stretch as single-handedly generating over 40% of the city’s total downtown tax revenue! And in the case of Toronto, they refer to Queens Quay as a global destination. (Toronto readers, do you agree?)

  Like most city building initiatives, this vision is will take years to realize. But it’s interesting to note that, of the eight design alternatives included in the study, there is already one clear preference within the local community — option B.

  

  Option B is a pedestrian/transit mall, but with multi-use trails. In other words, it is a no-cars-allowed alternative that would still allow bicycles and scooters. Here’s the street section:

  

  If you’d like to download a copy of the full Main Street Pedestrian Promenade Study, click here.

  2024.05.18

• Lyft might sell its bikeshare business

  So apparently Lyft is the largest bikeshare operator in North America. They operate around 68,000 bikes and scooters, which equaled some 52 million rides last year. Ridership also continues to grow. Since 2020, ridership has grown in cities like New York (+56%), Chicago (+79%), Boston (82%), and Denver (+170%).

  However, this part of Lyft’s business was in the news this week because the company announced that they are entertaining proposals to sell it, as well as “strategic partnerships.” The company has said that it remains committed to offering bikes through the Lyft app, but clearly it is trying to shore up its balance sheet.

  This raises some interesting questions. Can bikeshare be a profitable and sustainable for-profit business? Or do we now need to be thinking of it as an important public service that is deserving of subsidies — similar to how public transit and cars/roads work in most cities? My own view is that these networks are here to stay regardless of how profitable or unprofitable they might be.

  For additional stats on Lyft’s bikeshare business, click here. One of the figures that I found interesting, but not surprising, was that 71% of riders use bikeshare for “fun.” This is by far the most popular use case. The next most popular use is “errands” at 39%.

  2023.07.25

• Busiest airports in the world

  There were nearly 7 billion global flight passengers last year, and these were the busiest airports:

  

  Overall, volumes are up 54% compared to 2021 (not surprising). But we are still down about 26% compared to pre-pandemic levels (2019). The one exception — at least when it comes to this top 10 list — is Denver. It’s right back to where it was in 2019. I wonder why.

  I find this list interesting because, one the one hand, airports are what connect global cities to the rest of the world. If you’re a big and important city, you need a big and important airport. But on the other hand, having a busy airport could also mean that you’re a hub in the hub-and-spoke airline model.

  And that’s what Atlanta is. It is the world’s largest airline hub and the primary hub for Delta Air Lines. Apparently, it was also the first airport to adopt the hub-and-spoke model following deregulation of the industry in the 1970s. Which could be why it’s still number one on this list.

  2023.04.05

• Sticking close to home — two-thirds of young Americans live near where they grew up

  Here in Canada, there is often a belief that Americans tend to be more mobile than Canadians. Don’t like the cold weather? Just move south. Taxes too high? Just move south. Housing too expensive? Just move south.

  But just how mobile is mobile? A new study by the US Census Bureau and Harvard University found that by age 26, more than 2/3 of young adults in the US actually just live where they grew up, with 80% living within 100 miles, and 90% living within 500 miles.

  Migration distances were also found to be impacted by both race and parental income (though these two things likely exhibit a relationship on their own). If you are a young white or Asian adult, the “radius of economic opportunity” tends to grow and you’re more likely to live further away from where you grew up.

  The most popular destinations overall are New York, Los Angeles, Washington, and Denver (in this order). And while New York and Los Angeles remain at the top regardless of who you are, San Antonio and Phoenix are top destinations for Hispanics, and San Francisco is a top destination for Asians.

  Regardless, home appears to be a pretty sticky place.

  But what about Canadians? Are we less mobile? Looking at net domestic migration rates, Canada saw 254,143 interprovincial migrants between 2018-2019, whereas the US saw just over a million between 2020-2021. So on a per capita basis, Canada’s rate is actually higher.

  Statistics Canada also estimated earlier this year that as of July 1, 2016, somewhere around 4 million Canadians were living abroad — or about 11% of citizens. This is a much higher percentage compared to Americans.

  Of those living abroad, roughly half are believed to have received their citizenship through descent, meaning they were born abroad to Canadian parents. About 1/3 are Canadian citizens by birth. And about 15% are naturalized citizens.

  So it turns out that Canadians are in fact pretty mobile. We also seem to like going further afield.

  2022.07.26

• The most popular building amenities (according to a small subset of people)

  Here are the results from my primitive multi-unit building amenities survey:

  

  Gym is number 1. No surprise there. 46% of respondents said it was in their top 3. 

  Rooftop outdoor space at number 2 was perhaps a bit surprising. But then again, who doesn’t love a good rooftop patio?

  As for concierge service, I tend to think this was driven by package delivery. That’s certainly the biggest value add for me.

  One standout near the top, for me at least, is co-working space. Andrew LeFleur made mention of this on Twitter and I think he’s right: The changing nature of work is making these spaces more valuable in multi-family dwellings.

  And now some color on the above results.

  436 amenity selections were made as part of this survey. 

  About half of the respondents were from the Greater Toronto Area, followed by Calgary, San Francisco, Ottawa, Boston, New York City, Denver, Los Angeles, Paris, Miami, and many other cities. Shoutout to whoever responded from Kuala Lumpur and Porto Alegre.

  In terms of “Other” amenities, there were suggestions for a band rehearsal space, a vending machine, a grassy area for sports, and programming the helps you meet your neighbors.

  In terms of this one last, it can be tricky for condo buildings. Developers only provide the space. It’s then up to management. But I’ve seen it done very well in rental buildings.

  Are you surprised by any of the results from this survey?

  2018.03.24

• Follow the sun and sprawl

  

  The U.S. Census Bureau recently released it’s 2016 city and town population estimates. The press release can be found here.

  The headline isn’t a new one. Southern cities continue to grow quickly. This is not a new trend. Humans seem to like warm weather and the housing supply in southern cities tends to be more elastic. This keeps home prices relatively in check and allows the cities to more easily accommodate growth.

  From July 2015 to July 2016, 10 of the 15 fastest growing large U.S. cities were in the south (based on % growth). 4 of the top 5 were in Texas. 

  From 2010 to 2016, the population in large southern cities grew an average of 9.4%. Cities in the west clocked in at 7.3%. And cities in the northeast and midwest were at 1.8% and 3.0%, respectively.

  Two outliers near the top are Seattle and Denver. Since 2010, the population of these two cities grew 15.39% and 14.87%, respectively. I’m going to say it’s because of the skiing and snowboarding. Half-joking. For the top 25 large cities ranked by 2010-2016 growth rate, click here.

  In terms of absolute humans, Phoenix had the largest numeric increase between 2015 and 2016: 32,113 or about 88 people per day. After Phoenix it’s Los Angeles (27,173), San Antonio (24,473), New York (21,171), and Seattle (20,847). These are all city proper figures.

  It’s also worth noting which large cities aren’t growing. From 2015 to 2016, Chicago fell -0.32% and Detroit fell -0.52%. Philadelphia was only slightly positive at 0.19%. Going back to 2010, Chicago is still flat at 0.27% and Detroit is even more negative at -5.39%. Philadelphia is 2.5%.

  Follow the sun and the sprawl.

  The below charts are from the United States Census Bureau.

  

  2017.05.29

• The rise of tech outposts

  What happens when wages and real estate prices become too high in a city? Companies start growing in lower cost locations. We’ve all seen this before. 

  Fred Wilson recently blogged about this “spillover effect”, citing a New York Times article talking about the growth of tech offices in Phoenix. As someone who sits on the board of many technology companies, he was noticing a thematic trend:

  “A big theme of board meetings I’ve been in over the past year is the crazy high cost of talent in the big tech centers (SF, NYC, LA, Boston, Seattle) and the need to grow headcount in lower cost locations.”

  We talk a lot about housing prices on this blog, and so I think it’s useful to see how this, along with high wages, also impacts companies. The two are interrelated.

  Below is a chart from the NY Times article showing the US cities with the highest number of technology jobs and the most growth from 2010 to 2015. 

  

  San Francisco is in a league of its own. But overall, the growth is in tech and many cities are adding lots of technology jobs. Look at Detroit and Boston right beside each other (Detroit obviously has a smaller starting base). And look at how Miami is nowhere to be found.

  Of course, one interesting question is whether these new outposts – such as Phoenix – can truly come into their own and carve out a niche:

  “We don’t want to be San Francisco’s back office — we need more creators here,” said Scott Salkin, a founder and the chief executive of Allbound, which is based in Phoenix, makes sales software and has offices down the hall from Gainsight’s.

  Even with the high cost of living, it’s hard to supplant the coastal hegemony. That’s where people go to chase riches. As comedian Daniel Tosh likes to say, “the middle of the country is for people who gave up on their dreams.”

  Though for some, living in a place like Denver or Salt Lake City and snowboarding every weekend is a better outcome than living in a studio apartment and commuting an hour to work.

  2016.08.23

• 10 city building predictions for 2016

  

  https://500px.com/embed.js

  Few things are better than waking up in the mountains and seeing a notification on your phone that 9″ of fresh snow have fallen overnight, bringing the 48 hour snowfall total to 16″.

  This is what people in mountain towns live for. They ski in the morning and then head to work in the afternoon. I heard a number of people on the mountain today saying that they, “want to be in the office after lunch.” It’s a lifestyle thing.

  On that note, today I’d like to focus on 10 city building predictions for 2016. I’ve been assembling this list over the past few weeks and now that I have had my fill of Utah powder for the day, I’m dedicating the rest of the afternoon to writing.

  These are never easy to put together. But here are my thoughts:

  1. We will see increased migration to secondary cities – outside of the alpha global cities – which offer a higher quality of life, more affordable housing, and the ability to live a particular lifestyle. This includes cities like Austin (creative startup hub) and Denver (outdoor recreation).
  2. As more and more cities wake up to the importance of lifestyle in attracting top talent, I think we will see a lot of cities follow the lead of Amsterdam and create “night mayors” or some other equivalent. These cities will begin to see nightlife as a competitive urban advantage.
  3. Global cities will start experimenting with different land use and property tax reform strategies to try and deal with rising income inequality and eroding housing affordability.
  4. We will see a barbell of residential unit sizes. We’ll see more well-designed small units as a way to try and promote housing affordability and we’ll see larger urban infill units for families and baby boomers who want to live/remain in walkable urban communities.
  5. In line with above, I think we will see a further rethinking of urban spaces. Flexible spaces, unique program mixes, and a continued blurring of public/private spaces. One example of this is the trend towards small private spaces surrounded by generous public/communal spaces.
  6. The Toronto and Vancouver real estate markets will continue to chug along because of low interest rates, a weak Canadian dollar, and increased foreign investment. That said, I think we will see more restraint when it comes to over-the-top luxury product.
  7. We will finally see a disruptive technology product that starts to get people in the real estate industry thinking that change is on the way. This will not be a product that ports an offline experience online; it will a new way of thinking about the industry.
  8. This will be the year that cities stop fighting Uber (and other similar marketplaces). Cities (and lobbyists) will finally accept that this is a new reality and then work to figure out the best way to create policy around it. Edmonton, Alberta has already become the first Canadian city to regulate Uber.
  9. Road pricing will get the attention it deserves in North America. Things will start out slow, but we will finally get ourselves on a path which recognizes that we can’t build our way out of traffic congestion in most major cities.
  10. I will publish a book on becoming a real estate developer.

  Many city building trends and shifts seem to happen in a global way. But I think it’s worth noting that a lot of these predictions were likely written with my North American lens on, and in some cases my Toronto lens on.

  It’s not easy sitting down and thinking about what will happen in the future. But it’s a worthwhile exercise. It forces you to take a stance and then, when the future does come, you can see how well you did. I saw Fred Wilson do this on his blog and I thought it was a great idea.

  Now I would love to hear what you think about my predictions and what yours are for this year. Please let us know in the comment section below.

  2016.02.01

• Most people still want to raise kids in a house (not an apartment)

  

  Untitled by Lynne Meng on 500px

  https://500px.com/embed.js

  Yesterday I ran a quick 3-4 question survey on ATC called homes for families. The objective was to get a sense of people’s preferences for apartment vs. ground-related housing (house or townhouse) when it comes time to raise a family.

  The results are public so anybody can take a look at the data. At the time of writing this post there were already 70 responses. That’s not a huge data set, but the data is more or less what I expected to see. 

  Here’s what I found (if the data set was larger, I would have made charts):

  The vast majority of respondents were from Toronto. No surprise there. That reflects the readership of this blog, which itself can be quite Toronto-centric at times. (I’ve been trying to branch out more, I swear.) That said, I was thrilled to also see respondents from cities like Seattle, Denver, Chicago, Porto, and Sydney.

  Of the people who specified that they have kids, 11% live in an apartment. 17% live in a townhouse. And 72% live in a house. If you add houses and townhouses together, you get 89% of people with kids living in some kind of ground-related dwelling.

  Of the people who specified that they don’t have kids, 61% live in an apartment. 6% live in a townhouse. And 33% live in a house. This is the kind of split that I generally expected to see for Toronto.

  For the people who specified that they don’t have kids, they were then asked where they plan to move if/when they do have kids. 13% plan to move to another apartment. 8% plan to move to a townhouse. 33% plan to move to a house. 23% don’t plan to move (i.e. they are planning to stay put). And 23% don’t plan to have a family.

  Interestingly enough, 100% of the people who said that they were not planning to move, were already living in a ground-related housing unit (a house in almost all of the cases). So in reality – and if you exclude the people who don’t plan to have kids – about 83% of respondents expect to raise their kids in a house or townhouse.

  Again, this isn’t a big sample size, but the trend appears more or less flat. 89% of respondents who already have kids are already living in a ground-related unit. And when people were asked to project where they would like to be living once they have kids, 83% said they want a house or townhouse.

  Do you think these numbers accurately reflect consumer preferences in your city?

  2015.06.01

• The new Toronto 2030 District

  

  Image: Financial District, Downtown Toronto, Canada by Yeonju SEONG on 500px

  Today I learned about something new called 2030 Districts. They are: “designated urban areas committed to meeting the energy, water, and transportation emissions reduction targets of the 2030 Challenge for Planning.”

  Toronto’s new 2030 District is downtown, which is bound by the lake in the south, Bathurst Street in the west, Dupont Street and Rosedale Valley in the north, and the Don Valley in the east. 

  It’s the first district outside of the US. The other established districts are in Seattle, Pittsburgh, Los Angeles, Denver, Stamford, San Francisco, and Dallas.

  The goals for Toronto’s district are as follows (quoted from 2030 Districts):

  • To cut district-wide emissions in half, including zero-emissions from new buildings by 2030.
  • Support a better understanding of where and why energy use, water use, and GHG emissions occur across the District.
  • Work in partnership with building owners, service providers and conservation groups to accelerate the adoption of best practices for building design and management.
  • Facilitate broad stakeholder dialogues to uncover and overcome systemic barriers to long term reductions in energy use, water use and GHG emissions.

  I’m looking forward to following and learning more about this initiative. I think many of us can agree that producing less, not more, GHG emissions in the future would be preferable. And we know that the bulk of it comes from both buildings and transportation.

  2015.04.08