Brandon Donnelly

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.

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Tag: new york times

  • US downtowns by use and square footage

    This is an interesting chart from the New York Times showing the breakdown of (real estate) uses across the largest downtowns/CBDs in the US. It was put together using satellite data and data from CoStar, including their boundary definitions for each downtown/CBD. The point of the chart is to show that some US downtowns are heavily dominated by office square footage. But if you look a bit closer, there are other interesting takeaways. Look at retail in Honolulu, hotels in Austin, and how much residential many US cities have in their CBDs.

  • Shinjuku east exit cat — a new trompe-l’œil in Tokyo

    Last month, a giant 4K digital cat was installed on a billboard near Shinjuku station in Tokyo. See above tweet. It was created using a 26 x 62 foot LED display, and the resulting effect is very much a trompe-l’œil. The cat looks like it’s sitting on a ledge that is carved into the side of a building.

    The cat doesn’t have a name. But the New York Times has reported that locals have started to call it “Shinjuku east exit cat” because of where it is situated relative to the station. I am going to assume that this name sounds a little more endearing in Japanese.

    Having spent a fair bit of time in Asia in my twenties — mainly Taipei, Tokyo, and Hong Kong — I’ve always been impressed by how playful Asian cities are with their buildings, billboards, signage, and lighting. It can make us feel overly conservative. A trip to Tokyo can be like a trip to the future.

    I appreciate that most people don’t want their cities to be overrun with advertising, and that’s what billboards are usually for. It can get tacky. I get it. But sometimes it just makes sense to stick a massive 3D cat on the side of your building. It’s fun and it captures people’s attention.

  • The Surfside tragedy

    What happened in Surfside, Florida this week with the partial collapse of a 12 storey building is a horrible tragedy. My heart goes out to everybody who has been affected. I can’t imagine how this must feel. The New York Times is reporting that some 159 people are still unaccounted for, as of last Friday night. At least 4 people have been killed in the incident.

    The focus right now is on saving as many human lives as possible. Without a doubt, that is priority number one. But this situation also raises a critically important question: How the hell could this happen in North America? When I saw the terrible news this week, I immediately flipped the article to one of our structural engineers with a note asking basically this.

    As many of you know, buildings are typically designed and built with lots of structural redundancies. This is so that these sorts of tragedies can be avoided. It is too early to know exactly what happened here, but there are going to be questions around the building’s original design and construction, its maintenance program (saltwater is awful for buildings), and much more.

    I am sure that all of this will come out in the fullness of time. And it is important that it does.

  • Experiential art center opens in Miami’s Allapattah neighborhood

    A new 50,000 square foot experiential art center (EAC to those in the know), called Superblue, has just opened up in Miami’s Allapattah neighborhood. It includes installations by Tokyo-based teamLab, Amsterdam’s DRIFT, James Turrell (amazing), as well as many others.

    This is noteworthy because experiential art is both fun (and Instagrammable) and because it is another example of the continuing rise of Allapattah. Art, design, and culture are usually pretty good for city building.

    At the same time, the New York Times raises an interesting question: “Is this a forward step in the march of modernism or a debasement of art into theme-park entertainment?” Arthur Lubow goes on to say:

    The popularity of this genre is driven by contradictory desires, as demonstrated memorably by the line of visitors in 2019 who waited up to six hours for a one-minute stay amid the twinkling lights in Yayoi Kusama’s infinity mirror room at the David Zwirner gallery in Chelsea. Malnourished by their phones and computer screens, people yearn for real-life visceral experiences. And yet they remain stuck in the gravitational pull of virtual reality: The experiences they seek are ones they can record on their phone cameras and post on social media.

    I get this logic.

    But my own view is that just because something has commercial appeal, it shouldn’t mean that the art is any less serious. And just because people want to photograph and share it, doesn’t necessarily mean that they aren’t appreciating it in the same way as someone just standing around and pondering it.

    Perhaps this is a good time to mention that Snap has also just announced the next version of its Spectacles. These ones come with the promise of augmented reality. What is real anymore?

  • Uninterrupted flow

    Adam Grant’s recent NY Times article about languishing — the psychological middle state that exists somewhere in between depressed and flourishing — has been making the rounds online. Perhaps it is because COVID sucks and many of us can relate.

    Either way, three points in the article really stood out to me (at least one of which, in my mind, directly ties back to real estate).

    Firstly, I found it helpful to hear him describe what flourishing is. In his words, “flourishing is the peak of well-being: You have a strong sense of meaning, mastery and mattering to others.” This resonates with me. I know that I am at my best when I’m accomplishing things and making progress.

    Secondly, he puts forward a possible solution to languishing — it’s the concept of “flow.” Flow is when we are absorbed in meaningful and challenging work and where, again in his words, “your sense of time, place and self melts away.” This also resonates with me. I am a big fan of a flow (even if I didn’t know what it was called).

    Thirdly — and this one is important as we all think about the future of work/office space — focus is paramount to doing exceptional things! Here’s an excerpt that I immediately paused on as I was reading the article:

    Fragmented attention is an enemy of engagement and excellence. In a group of 100 people, only two or three will even be capable of driving and memorizing information at the same time without their performance suffering on one or both tasks. Computers may be made for parallel processing, but humans are better off serial processing.

    For the rest of Grant’s article, click here.

  • Finding an audience (on Facebook)

    Social media can be both fun and useful. Over the weekend, we were exploring a few different design options for an address sign at Mackay Laneway House and so I posted this image on Twitter and storied it on Instagram. I got a bunch of responses, as well as some great suggestions. And we ultimately ended up making a small change to the design. That process was both fun and useful. The final design is now out for pricing and production.

    But as we all know, there is also a dark side to social media. The algorithms that power social media have been optimized to amplify whatever drives the most engagement. Oftentimes that means whatever gets people the most enraged. In this recent NY Times article, Stuart A. Thompson and Charlie Warzel make a compelling argument that Facebook has actually been coaxing many Americans into taking more extreme views on the platform — it made them more popular.

    And we’re not talking about extreme views on home address signs.

  • How much home can you afford?

    Each quarter, HSH.com publishes a report that looks at the annual income required to quality for a residential mortgage in the 50 largest metropolitan areas in the United States. To do this, they look at the median home price for each city and then apply a 28% debt-to-income ratio (principal and interest payments divided by before tax salary). They also assume a 20% down payment and a 30-year fixed-rate mortgage. In their latest report, that comes with an interest rate of 3.15%.

    Below is a chart showing what they consider to be the 10 most affordable and the 10 least affordable metros (chart via the New York Times). I don’t think the cities on this list will necessarily surprise many of you (though I didn’t think Pittsburgh was this affordable), but it is interesting to see it all quantified. It’s also worth thinking about what might happen to these figures as that 3.15% number comes down. Shockingly, the price of highly-levered assets tends to be correlated with financing costs.

  • My Basic Income — 1,000 euros a month for a year

    Michael Bohmeyer is the founder of a Berlin-based startup called “Mein Grundeinkommen” or “My Basic Income.” In the six years since he first asked for donations, his company has given more than 650 people a no strings attached stipend of 1,000 euros a month for one year.

    The idea has been to test whether or not a basic income payment could, among other things, improve people’s happiness and improve the way that governments manage their social welfare systems. According to this recent NY Times article, Germany spends almost a third of their GDP on social welfare.

    Since founding “My Basic Income,” Michael has gone on to publish a book and also partner with the German Institute for Economic Research in Berlin. And so far, his findings seem fairly positive. Instead of valuing the money itself, people seem to really value the sense of security that it brings.

    Few people quit working, because a basic income is exactly that — basic. Instead, people seem to be using it to do things like quit that job they hate in order to find a better one. The payment provides some downside protection and that can be empowering.

    This is obviously not a new concept. It’s been tested and even implemented in many places around the world, and it has become increasingly popular as an idea in recent years. So here are some additional data points. If you’re interested in this topic, you may want to check out what Michael has been up to since 2014.

  • Smarter, simpler, happier

    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.

  • Pandemic-era hand sanitizer

    I have been trying (albeit not very hard) to come up with the best way to describe the stinky hand sanitizer that is going around these days. Then today somebody in the office described it as bad tequila and I immediately thought, “yup, that’s exactly it. It’s bad tequila.” See above tweet.

    Turns out, there’s some science behind this stink. Here is an article by Gregory Han from the New York Times that was shared in response to my tweet. And here is the excerpt that explains where this stink comes from:

    “That off-putting smell—sometimes described as rotten garbage or tequila-like—is the natural byproduct of ethanol being made from corn, sugar cane, beets, and other organic sources,” explained Zlotnik. “[Ethyl alcohol] production is highly regulated. It stinks because these new brands—many made by distillers who’ve pivoted from producing drinking alcohol to meet public demand for hand sanitizer—are making and using denatured ethanol. This ethanol costs significantly less than ethanol filtered using activated carbon filtration, which would typically remove almost all contaminants and the malodor with it.”

    Those organic contaminants aren’t the only reason unfiltered and denatured ethanol smells downright foul. According to Zlotnik, denatured ethanol is also intentionally tainted with an unpalatable cocktail of chemicals (denaturants) such as methanol, acetone, methyl ethyl ketone, and denatonium to make it undrinkable. In other words: The base material is intentionally stinky.

    So now you can judge accordingly after you’ve cleansed your hands with rotten garbage tequila.

    On a somewhat related note, Jill Lepore has an interesting piece in this week’s New Yorker about the great indoors, and how quarantine has forced us to spend even more of our time indoors. (Though, that hasn’t been the case for me this summer.) Here’s a snippet:

    The Great Confinement varies by place and by wealth, and, historically, it’s new. “Over several millennia, humans have evolved from an outdoor species into an indoor one,” Allen and Macomber write. Citing E. O. Wilson, they explain, “We evolved in the African savannah’s wide-open expanses, intimate with nature and seeking protection under tree canopies,” and so “our genetic hardwiring, built over millennia, still craves that connection to nature.” To satisfy this craving, photographs of redwoods adorn hospital waiting rooms; you can pop into the Grand Canyon via Zoom. I used to think these dodges were better than nothing, but I’ve changed my mind. Zoom is usually not better than nothing.