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.

Tag: one delisle

  • Not for sale!

    One of the things that I have wanted to do since I was in architecture school was visit the Venice Biennale. Partially because I would hear people say, ” so and so exhibited at the Biennale this year”, and that made it sound cool. But mostly because it’s the oldest cultural exhibition of its kind in the world — it was inaugurated in 1895 — and because there’s an entire section of it dedicated to architecture. So I’m excited to say that it looks like this month is going to be the month.

    The way I am told the Venice Biennale of Architecture works is that there are two main components. There are the national pavilions in the Biennale Gardens, and there is the Arsenale, which is where lots of different nations exhibit under one roof. Canada is one of the 29 countries that has its own pavilion and, if you aren’t familiar with its history, it’s worth watching this short video:

    At the time of writing this post, it only had 277 views, so I’m guessing that most of you have not seen it. I felt patriotic when I watched it, because the purpose of these pavilions is that they host each country’s official representation during the Biennale. It’s Canada to the world and that makes me proud. This year, Canada is being represented by Architects Against Housing Alienation (AAHA) with an exhibit called “Not for Sale!”

    Here’s an excerpt from the project description:

    Real estate speculation is a form of extortion. It converts homes into spatio-financial assets, changing the form, function, and aesthetics of housing to better serve the logics of wealth storage and speculation. The process is violent, resulting in an urban environment that is racist, sexist, and classist at a systemic level. This global phenomenon is nowhere more visible than in Canada, a country whose economy is now dominated by real estate.

    In other words, it looks like the pavilion is going to be turned into a scathing criticism of what I do for a living: real estate development. How neat! The other neat thing about the Venice Biennale is that One Delisle is going to be featured in an exhibition called, “Reconceptualizing Urban Housing.” Our team has been working on this project with Studio Gang since 2016, and so it’s a great honor to have it recognized on such a global stage.

    It also means that the Venice Biennale is going to simultaneously tell me that my work is doing some amount of good for Toronto, and that I’m also contributing to racism, sexism, and classism at a systemic level. I can’t wait.

  • Corktown Condos to launch sales this spring

    Earlier this week, I shared this image of Corktown Condos on my Instagram. It represents the first phase of Slate’s two-phase project in Hamilton, and I’m excited to announce that we’ll be launching sales this spring (both in Hamilton and in Toronto).

    We love Hamilton. It has walkability, transit, a wonderful stock of old buildings, and a dynamic and growing cultural scene. In other words, it has all of the characteristics that we look for when it comes to new projects. And here, our approach to city building is exactly analogous to what we did in Toronto at Yonge & St. Clair.

    Those of you who are familiar with our work will know that Slate owns 8 office buildings in midtown, including all four corners of the Yonge & St. Clair intersection. And that we have spent the last decade investing in these buildings, investing in the public realm, investing in public art, and working to support businesses in the area. Then in 2021, we launched sales on a landmark condominium tower called One Delisle that is now under construction.

    Here in Hamilton, we are similarly investing in economic development and in housing. Last year, it was announced that we acquired approximately 800 acres of industrial land and buildings on Hamilton’s waterfront. This site alone has the potential to create up to 23,000 new jobs across the region and inject up to $3.8 billion into Ontario’s economy. It will likely also take some time and be measured in decades.

    We prefer to think of ourselves as city builders. And that means taking a long-term view and thinking about the broader city — not just about our individual projects. So for us, Corktown is part of a much larger and longer-term commitment to the City of Hamilton. And we couldn’t be more excited to share it with all of you in the coming weeks.

    Stay tuned. And if you’d like to register for Corktown, you can do that over here.

  • One Delisle has started the big hole part

    The most boring part of constructing a high-rise, like One Delisle, has got to be installing the shoring piles. Sure there are big rigs moving about on site but, for the most part, there’s almost no visible progress. That is, until you start excavating. Then you get to see said piles and you also end up with a big hole, which is something.

    Thankfully shoring works are now complete at One Delisle and we have started on the big hole part (see above photo from our rooftop cam). The next major milestone will be our “bottoming out,” and that’s when the tower crane will go up and our massive raft slab foundation will get poured. Visible progress is certainly more fun.

  • The Architect’s Newspaper — 2022 Best of Design Awards

    This week AN announced its 2022 Best of Design Awards, which is intended to celebrate outstanding built and unbuilt architectural projects from around the world. And this year I am excited to share that Studio Gang was awarded two editors’ picks: one for 11 Hoyt in Brooklyn (Built-Residential, Multi-Unit) and one for One Delisle here in Toronto (Unbuilt-Residential, Multi-Unit). Selfishly, it of course makes me very happy to see our project being celebrated for its architecture. Go team! But from a less selfish perspective, it also makes me very happy to see Toronto being recognized in these awards. Because this is about city building, right?

  • Construction site day

    Thursday mornings have become my construction site time. I start off at Junction House. I walk the site with the team. We meet and use a lot of profanities. And then I head over to One Delisle for a similar set of activities. It is one of my favorite times of the week because, as a developer, you get to see all of your work coming together in a real and physical thing.

    The views can also be pretty nice. Here is photo of the downtown skyline from Junction House this morning (there was a bit of fog):

    I know this goes without saying, but I think it is crucial to walk one’s sites. There’s no way to do this in sweatpants over Zoom. You need to see the details. You need to build relationships. And you need to problem solve with the team. It’s also a great opportunity to learn — generally and from mistakes — and get better as a professional.

    Here’s the thing about development: sometimes you’re flying at 10,000 feet and sometimes you’re talking about how many layers of drywall are appropriate for demising walls. It’s a lot of fun.

  • Infill balcony housing — an adaptive reuse proposal

    Balconies are a never ending debate here in Toronto (and in many other places). In some cities, like New York, they don’t seem to matter for new housing. Residents seem to be generally content without them. But here in Toronto, we have typically included them in new high-rise housing and there has been a lot of debate and criticism around both their utility (high up in buildings) and their impact to overall energy performance.

    I have noticed that we are starting to see fewer balconies on new buildings, and I suspect this might increase with the way that costs are right now. And for some people and some (sub)markets, this will be just fine. But I happen to be a huge fan of outside. As my tanned dad likes to say when asked about the value of outdoor spaces in multi-family housing, “you don’t get this dark by staying inside.” He is pretty tanned.

    I also believe that great outdoor spaces are an important ingredient in shaking off the deep-rooted cultural biases that this city has toward low-rise housing. Since pretty much the beginning, low-rises houses with backyards have been seen as noble, whereas apartment buildings have been viewed as disease-breeding tenements liable to morally corrupt even the best of intentions.

    This is one of the reasons why we created the two-storey House Collection of suites at Junction House and why One Delisle is almost entirely formed by its outdoor spaces (both balconies and terraces). We wanted to celebrate multi-family living.

    At the same time, I really like this adaptive reuse proposal by Peter Song over at BDP Quadrangle. The idea is to allow people to infill their balconies with more interior space so that our existing stock of housing can become more flexible for growing families and for when people’s lives just generally change.

    The balcony offers extra space for children to play, and parents to work. ©Peter Song

    It would be a great way to capture additional space within our existing stock of buildings, and I think it would be pretty interesting to see what people ultimately choose when given a binary option: more interior space or more outdoor space. Maybe it would help provide some clarity to the great balcony debate.

    Technically, it is my understanding that this is entirely doable.

    In the middle of writing this post I shot an email over to one of the best structural engineers in the city (James Cranford, Principal at Stephenson Engineering), and he confirmed that strength is no problem. Typically balconies are designed to accommodate more load than the suites. The thing we’d have to look at is slab deflection, since this is not usually limited on balconies.

    The greater challenge is likely to be the overall coordination.

    In some cities this sort of thing happens all the time on an ad hoc basis. People just do it and the end result is likely more functional, but the building elevations end up looking pretty schizophrenic. Here you’d need each condominium corporation to bless the change (since the envelope is a common element). And people would also need to agree on what design(s) should be used across the building.

    It would require some work, but I think Peter’s idea is a really good one. What do you think?

  • Ground, broken

    Buildings take a long time. Slate started investing in the Yonge & St. Clair area in 2013 and we acquired the first parcel for One Delisle in 2015. And here we are now in 2022. When it’s all said and done, it’ll be over a decade.

    So it’s important to celebrate the milestones when you can, and we did that today with the official ground breaking event for One Delisle. It takes an army of smart and dedicated minds to realize a project like this, so a huge thanks to everyone involved. You know who you are.

    Today was a real milestone. But I’m looking forward to concocting some others so that we have more reasons to celebrate as we complete this very rewarding marathon.

  • Studio Gang in Amsterdam

    Slate Asset Management, RAD Marketing, and the top producing brokers for One Delisle were fortunate enough to be able to tour a Studio Gang-designed project in Amsterdam today called the Q Residences. A huge thanks to the developers — Kroonenberg Groep and Neoo — for their time and hospitality this afternoon.

    Here are two photos of the exterior:

    The building, which is a mixed-income rental apartment, is still under construction, and occupancy is expected sometime this fall. The structure is poured-in-place concrete, but the balconies were all pre-fabricated and installed on site. You can tell this by looking near the top of the above photo.

    Here are a few other interesting takeaways from the tour:

    – 40% of the complex is social housing (which is housed in an entirely separate but similarly impressive building); this is a mandatory requirement

    – The land is owned by the city and is being leased to the developers; the lease rate was discounted to account for the social housing requirement

    – The entire building uses in-floor heating and cooling, so there are no ducts or bulkheads in any of the suites (slabs are all about 300mm to accommodate this)

    – The balconies all have a rainwater collection system, which is mounted and concealed on the exterior of the building (it rarely goes below freezing here I am told)

    – The parking ratio for cars is very roughly about 0.5 per unit and the bicycle parking ratio is very roughly 3 per unit (remember this is the bicycle capital of the world)

    – Structural system is mostly shear walls; they also have some post-tensioning in the slabs

    – Less reliance on metal wall studs; instead they use a more expensive block-like system that offers more rigidity and better sound attenuation (I will look for the exact specification)

    – There is also this odd/interesting requirement that all of the suites have an operable window that can provide both natural ventilation and sound attenuation; in other words, it needs to let air in and block sound at the same time

    Here’s what that looks like at Q Residences:

    We don’t have a requirement like this in Toronto and so that’s why I used the word odd. We have ventilation and sound requirements, but they don’t need to be solved simultaneously in this same way.

    Why I also think this is interesting is because I think it speaks to a greater reliance on natural ventilation over active mechanical systems. In Toronto, the underlying thinking is that if it’s too hot and noisy, it’s just a matter of shutting your windows and turning on the AC.

    Of course, we obviously we have to manage around a very different climate, so I don’t mean this as a criticism of Toronto codes. It’s just an observation.

    If you aren’t familiar with the Q Residences, or the work of Neoo and Kroonenberg, I would encourage you to search around online. The project is gorgeous and so is the rest of their work.

  • Columns vs. shear walls in residential and office construction

    If I were to make a broad generalization for the way that we typically design the structural systems for residential buildings and office buildings here in Toronto it would be as follows: office buildings tend to have a big structural core with perimeter columns and residential buildings tend to have a smaller core accompanied by both columns and shear walls (long structural walls essentially). There are a myriad of other differences, but for the purposes of this post, I’m going to run with this broad classification.

    When something is typically done a certain way it often means that it is generally what the market wants and it is a cost effective solution. In the case of office buildings, this sort of structural system is essential for maintaining open plans and future flexibility. You can’t have shear walls interrupting your floor plates. And because big office buildings also tend to have a lot of elevators, the structural core is usually what provides lateral stability to the building (or at least this is what the structural engineers tell me).

    But this same imperative for open plans isn’t usually there for residential buildings. In this case, the unit demising is often fairly fixed and the individual resident/tenant spaces tend to be smaller than in office buildings, which makes frequent structural elements a lot more palatable. And since the elevator cores also tend to be smaller (fewer elevators), there is usually a need to introduce other structural elements that can provide the building with lateral stability. (Again, this is what the engineers tell me.) So enter all the shear walls.

    But every now and then, somebody in Toronto will ask: Is this the right way to be building? Other cities don’t build their residential buildings with all of these shear walls and so should we really be limiting the future flexibility of our multi-family housing supply by constructing in this way? These are good questions. The short answer is that it tends to be easier/cheaper to build this way. Our market is used to it. And generally end-users are just fine with it.

    However, this method of building isn’t necessarily a universal truth. The structural system for One Delisle, for example, is far closer to that of an office building than it is to that of a typical residential tower. Much of this was driven by the building’s architecture and its continually changing floor plates. I have also heard of instances where purpose-built rental developers are choosing to go column over shear wall so that there’s greater flexibility in the future. There’s certainly a case to be made for this.

    As developers, it is impossible to know all there is to know about any one discipline. You need the right team in place for that. But we do have to look at the bigger picture, weigh all of the constraints, and then hopefully make a reasonably good decision. This is one example of that.

    Image: Bay-Adelaide Centre North, Toronto

  • What happened in 2021 — a review of my predictions for the year

    On January 1st of this year, I wrote a post called, “My 2021 predictions.” It was part of a new practice that I have adopted where I try to forecast the year (I will be wrong) and then evaluate how I did at the end of it (the focus of today’s post). This year was, of course, a tricky year with lots of uncertainty. But here’s where my head was at in January and here’s what ultimately happened.

    Life will feel a lot more normal by spring/summer.

    This more or less happened. Cases, at least here in Ontario, were way down by the summer. Those who wanted to be fully vaccinated had the option to be. Cities reopened and summer felt pretty good after a long winter of lockdowns. As soon as it was possible to do so, we reopened our office and many/most people came back. I ended up being in the office this year more than I wasn’t. Of course, I had no idea that Omicron was going to be a thing back in January.

    Working from home/the office.

    I think the jury remains out on this one. It’s still too early to draw conclusions. I have been in the office full-time for most of this year, but I recognize that that hasn’t been the case for everyone. I know from the super scientific “Jimmy the Greek Reopening Index” that I developed that office utilization rates are not yet back. When I wrote about this topic back in October, the US average was thought to be just below 40%. Still, I remain bullish on office.

    An explosion of global travel.

    Well, Airbnb’s stock isn’t maybe as sky high as I suggested in my predictions post. But it is still up over 19% YTD:

    Marriott is also up nearly 27% YTD:

    The reality is that travel was/is rebounding. I managed to take two weeks off at the end of the summer, which is something I hadn’t done in at least several years. But Omicron has certainly impacted the recovery:

    Urban/downtown real estate will strongly rebound.

    I would argue that we saw this play out in the residential sector. Here in Toronto, Q3-2021 saw condo rents in the core increase 11.4% quarter-over-quarter. This was a fairly significant snapback. It was the largest increase in the region, outpacing both the inner suburbs and the outer suburbs. On the for-sale side, we saw evidence of the condo market returning as early as Q1. We were also able to successfully launch One Delisle and are now preparing to start construction.

    Trends accelerating.

    In some cases, what we saw was a reaction to short-term dislocation. Peloton’s stock is down about 73% YTD at the time of writing this. In other cases, what we saw was just a “pulling forward.” (Link to post by Fred Wilson.) The pandemic led to greater consumption of certain products and services, but now those companies could be headed for a period of slower growth. At the same time, there’s evidence that certain things, like buying more groceries online, may actually be sticking.

    Return of restaurants.

    What seems pretty clear is that people are quicker to return to bars & restaurants than they are to return to the office. As we know, getting together in person is fundamental to urban life. Here’s a chart from OpenTable:

    However, this is not to say that many restaurants didn’t have a tough go during this uncertain time.

    Public transit ridership will return to pre-pandemic levels by the fall.

    I was dead wrong and way too optimistic about this one. Office utilization rates remain lower than expected and so people aren’t commuting in nearly the same way. Those who are, seem to be driving more. As of August, Canada’s urban transit networks were operating, on average, at just over 40% of where they were pre-pandemic (August 2019). This is obviously a serious problem for operating shortfalls.

    Migration from high tax states to (warmer) low tax states.

    This is an established trend in the US and so it was certainly not a bold prediction. There are many other factors at play here beyond simply the pandemic. However, as I mentioned in my original post, what is perhaps more interesting right now is the heightened tension between centralization (urbanity) and decentralization. I’ll see what data I can uncover in the coming weeks, but we likely need to get to the other side of this pandemic before drawing any firm conclusions.

    In reviewing this year’s predictions it is clear that I was perhaps overly optimistic (which is far better than being overly pessimistic) and that missed a lot of important stuff. Some of it was unknowable, such as a new variant, and some of it I just missed, which is bound to happen. I could also be more precise and bolder in my predictions, and so I will endeavor to do that in my upcoming predictions for 2022. Stay tuned.

    If you’re not already an email subscriber to this blog, consider making that happen over here. And for those of you who have been reading all year, thank you. I truly appreciate it.

    Photo by Jamie Curd on Unsplash