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.
This is an excellent talk by NYU professor Scott Galloway about Amazon, online grocery, and many other aspects of the retail landscape. The bits about Amazon’s scale and reach are fascinating. There is about 30 minutes of him speaking quickly and then another 15 minutes of Q&A. If you can’t see it below, click here.
[youtube https://www.youtube.com/watch?v=_HyiY_m_YxI&w=560&h=315]
This is an interesting working paper by a team of researchers at NYU’s Marron Institute of Urban Management. The paper examines the relationship between urban density and organized violence, first in Colombia and then within a sample of 200 global cities.
The finding is that organized violence actually increases the population density of the surrounding areas within a city because it creates a kind of “invisible wall” – effectively a no-go zone.
This makes perfect intuitive sense, but it’s not something I ever considered. Geography and other natural constraints typically drive density. Think about the island of Manhattan. But so too can invisible walls.
For the full working paper, click here.
Photo by Joel Duncan on Unsplash
Last week Richard Florida headlined an “Urban Lab” panel at the NYU Schack Institute of Real Estate. It was moderated by Sam Chandan, who is dean of the Shack Institute.
Here are 6 takeaways from the discussion, with a few of my own thoughts attached:
1. Suburban brain drain. This is happening. Florida states that (real estate) development is the key to rebuilding the suburbs. It will challenging to reorient the suburbs away from the car (though suburbs vary greatly), but I do agree that many suburban areas need a refresh to keep them relevant against this brain drain.
2. Decline in home ownership. Florida believes we will see owning vs. renting drop to about 50-50. This would be a pretty big change given that US homeownership is currently hovering in the low 60s and this is already at historic lows. However, the trend is towards urban and that often means more renting.
3. New city characteristics. Access to urban amenities, cultural capital, and transportation is critical and should drive new development. Transit and rail infrastructure can “open up” new areas and combat issue #4, below.
4. Housing affordability. Florida reiterates “the great inversion.” Poverty moving to the suburbs; cities now housing the rich. He also isn’t sure that capitalism alone will solve this problem. Gives example of Manhattan where market is focused on high-end luxury residential.
5. Florida argues that planning and real estate knowledge need to come together to overcome some of the information-asymmetries inherent in the development industry. I’ve written about similar ideas before. I try and apply this sort of multi-disciplinary thinking to urban issues.
6. Micro-living is not a silver bullet for “chronic poverty.” I think it serves a segment of the housing market.
Scott Galloway, professor of Marketing and Brand Strategy at NYU Stern, recently delivered a presentation on the Gang of Four: Apple, Amazon, Facebook, and Google. These dominant companies are also often referred to as the “Four Horsemen.”
The video is about 16 minutes long and I would highly recommend that you give it a watch.
It’ll be like drinking from a firehose, but there are so many fascinating takeaways. You’ll also quickly discover how far reaching the societal impacts of these companies have been and will likely be in the future.
If you can’t see the video below, click here.
[youtube https://www.youtube.com/watch?v=jfjg0kGQFBY?rel=0&w=560&h=315]
I’m back and it feels great. I missed blogging the past 2 days. Though, there was something nice about not touching a computer all weekend.
This morning I got up extra early and listened to a brief conversation between Aaron M. Renn of The Urbanophile and urbanist Richard Florida. The topic is New York’s “Great Reset”, and the impetus was a recent report (of the same name) that was put out by New York University.
The conversation starts by talking about the resilience of New York City and its ability to accept and then reinvent itself in the wake of “creative destruction.” Destruction such as the financial crisis of 2008/2009.
But they then go on to talk about the challenges that New York, as well as many other cities, are now facing. Challenges brought about, not by failure, but by their tremendous success. Challenges such as income inequality and the dwindling middle class.
The overarching premise is that we are still in the early stages of a new urban and creative economy. And that there’s lots of work to be done in order to figure out how to make it an inclusive one.
There’s even mention of former Toronto mayor, Rob Ford.
You can listen to the talk below. If you can’t see the embedded play button, click here.
[soundcloud url=”https://api.soundcloud.com/tracks/221338706″ params=”color=ff5500″ width=”100%” height=”166″ iframe=”true” /]
In case you needed one more piece of evidence that household and family dynamics are changing, here’s a relationship arrangement that you may not have heard of but that’s seemingly growing in popularity: living apart together.
Essentially, it’s when a couple is together, but has decided to live in two separate places, which could mean down the street, in another neighbourhood, or in a completely different borough.
This may sound odd, but:
“The arrangement has surprising appeal, perhaps because it protects against the constant churning in people’s domestic lives,” said Mr. Klinenberg, a sociology professor at New York University. “Many people who live alone are in relationships that are quite meaningful. And the arrangement is especially attractive in New York, which has such a thriving public culture and little stigma about how people live their lives.”
This certainly reinforces the trend towards more and more people living alone – creating an obvious impact on housing typologies. But it’s not something I see as being desirable. Perhaps because I haven’t been divorced 3 times and become sufficiently jaded towards the institution of marriage.
What do you think of this? Would you do it?
