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: slate asset management

  • Slate proposes new mixed-use development in midtown Toronto

    This week the team submitted a rezoning application for the southwest corner of Yonge & St. Clair (1 St. Clair Avenue West).

    More of the details can be found over here on Urban Toronto, but so far the response has been overwhelmingly positive. People seem to appreciate the architecture, the public realm improvements, as well as how we’re proposing to deal with the embodied carbon in the existing building.

    The application proposes to retain the existing 12-storey office building and both expand its floorplates to the west and build new residential on top. In the middle is a shared multi-storey amenity space that also performs some pretty cool structural gymnastics courtesy of Stephenson Engineering (see above rendering).

    This approach created some interesting design challenges for the team. Typically when you’re adding onto an existing building, you want to do something new and not try and copy/bastardize what’s already there. Oftentimes this means something more contemporary.

    The architecture team at Gensler Toronto tried this approach but the podium proportions didn’t feel quite right when we did it. So a decision was made to instead pay homage to the existing building’s architecture, and then kind of reinterpret it by playing with scale and other details.

    This way the original building remains architecturally legible, but the entire podium still reads as one and its proportions feel much better. We hope you like it as much as we do.

  • Construction starting at One Delisle

    Two quick project announcements today.

    One, the sales gallery for One Delisle has now officially closed in preparation for demolition and construction (above is a photo from moving day). None of us expected it to close so quickly after only having launched sales in May, but of course this is a good problem to have. We are now just waiting on our demolition permits to arrive, which we expect will happen sometime between the next few days and several weeks. The official groundbreaking ceremony will happen early in the new year once we have a clean/flat site to work with. Shoring and excavation works after that.

    Two, we just announced a partnership with Technogym for Junction House. Our team was all in the office one day and I asked a question about who makes the best performing and most design-forward gym equipment. Technogym was immediately mentioned and so we reached out. They’ll now be equipping the entire fitness center at Junction House and the plan is to make it a longer-term relationship. If you aren’t familiar with Technogym, you can check them out here. They were the official supplier for the recent Olympic Games in Tokyo, as well as 7 other Olympics, which I suppose is something.

  • Grocery-anchored real estate as food logistics

    Blair Welch, co-founder of Slate Asset Management, was recently on Institutional Real Estate’s podcast talking about grocery-anchored real estate. In it, he talks about the role that this asset class plays in last-mile food logistics, why ecommerce might actually be strengthening its importance, and why it needs to be considered as being distinct from other kinds of retailing. This is a topic that we have covered a few times before on the blog and I think many of you might find it interesting. To have a listen, click here.

  • Weather test in Ireland

    A few of us are in Ireland right now visiting with the suppliers who will be providing the windows, sliding doors, louvers, and glass for One Delisle. Thank you for the hospitality Flynn, Duggan Systems, and Carey Glass.

    Below is a video showing a weather test that was done this morning. If any of you have been to the One Delisle Sales Gallery, you will probably recognize these sliding doors. They are fantastic.

    https://videopress.com/v/MSqkI5vJ?resizeToParent=true&cover=true&preloadContent=metadata

    Many of us probably don’t think about the supply chain that exists behind the products and services that we consume. But it is there and there are lots of smart people working “behind the scenes” to make everything happen.

    FYI, the doors passed.

  • There is no effort without error and shortcoming

    I had a blog post planned out in my mind for today. I was going to write about how the Penthouse Collection launch went this evening at One Delisle (our new website just went live), and the digital NFT art (by Petra Cortright) that we commissioned to accompany each of the 8 penthouse residences.

    But then my partner Lucas Manuel sent out the below quote by Theodore Roosevelt in one of our group chats and it derailed everything. I think it’s imperative that it gets reshared here immediately:

    It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

    There is no effort without error and shortcoming. But in the worst of cases, that means failing while daring greatly. Because failing while daring greatly is better than not daring at all. These are words to live by. And I would like to think that our team’s efforts to bring digital NFT art to Toronto’s condominium market is daring on some level.

    What is clear to me after speaking with a lot of people this evening is that most people don’t know what an NFT is and they don’t know how this all works. But at the same time, they recognize that real and meaningful change is underway. (I was on Global TV this evening trying to explain this stuff.)

    We may be the first (at least here in Toronto), but I would put money on the fact that we won’t be the last developer to incorporate NFTs into their projects. And that’s a good thing. We should all be building on top of each other’s work. Let’s dare greatly.

  • The Petra Cortright NFT Collection at One Delisle

    My two week photo blogging experiment has come to an end. We are now back in Toronto. France was incredible, and I thoroughly enjoyed practicing my French and messing up which nouns are masculine and feminine. Expect some follow-up posts in the coming week(s). I was jotting down notes throughout the trip.

    I must say that the experience of getting back to Canada was far easier than I was expecting. Besides having to run around to a few different places for our PCR tests (sante.fr gave us some addresses that wouldn’t take us), it was relatively painless.

    I am now swimming through my inbox (butterfly stroke kind of thing). There’s a lot to catch up on and a lot that I want to write about. But here’s something pretty special. Today I am excited to share that Slate Asset Management just announced an NFT digital art collection by Los Angeles-based artist Petra Cortright.

    The collection consists of 8 works of digital art that are exclusive to each of the 8 penthouse residences at One Delisle (1/1). We believe that this is one of if not the first example of this — NFTs being commissioned by a developer for future condominium residents.

    Since the beginning, we have wanted to make One Delisle a “project of firsts.” We wanted to create something remarkable and usually that means you have to do something for the first time. We are fortunate to have been able to partner with Studio Gang for both the architecture of the building and its interiors.

    The Petra Cortright NFT Collection is the next step in this commitment to new ideas. And on October 6th the team will be revealing both the One Delisle Penthouse Collection and hosting a one-time gallery viewing of the eight digital art pieces. If you would like to attend here in Toronto, please send an email to info@onedelisle.com.

    For more information about what all of this means (including a bit about NFTs), here’s the full press release from earlier today.

  • The history (and future) of the grocery store

    Slate just published a new thought piece on the evolution of the grocery store. It starts with the first “self-service” Piggly Wiggly in Memphis (an innovative approach at that time) and ends with the important functions that grocery stores serve today and will likely serve in the future.

    The shopping experience has become increasingly omnichannel (i.e. online & in-store), which means that grocery stores are in the midst of transforming from simple retail stores to hybrid retail and last-mile distribution hubs. (Related post here.)

    All of this is central to how we think about this real estate asset class and we are to happy share it publicly in this new thought piece. Slate plans to publish more of these and so, if you’re interested, I would encourage you to subscribe at the bottom of the page.

    Full disclosure: I am personally long Slate Grocery REIT.

  • The creative agency behind One Delisle

    We have been working with Vanderbrand for many years. They are the creative agency behind both Junction House and One Delisle. We love the work that they do. It’s beautiful, and they have always managed to get our vision behind each project.

    In the case of Junction House, we wanted something clean and simple that at the same time responded to the creative edginess of the Junction neighborhood.

    And in the case of One Delisle, we wanted something elevated but that wasn’t traditional or typical. One Delisle is all about pioneering architecture and the brand needed to reflect that (we ended up creating our own typeface that will be carried through into the completed building).

    If you’re interested in learning more, Vanderbrand has just updated their website to include a full “case study” on One Delisle. You can check that out over here. Below are a few of my favorite images.

  • Voting now open for BILD’s People’s Choice Award

    Today’s post is going to be a self-serving one.

    Some of you might remember that back in June I wrote about One Delisle being a finalist for four 2021 BILD Awards. One of them was the People’s Choice Award, where I also mentioned that voting would open in August. Well, it is now August (yes, already) and voting is open. If you’d like to cast a vote, you can do that over here. (No login necessary.) There are some wonderful projects on this top 10 list. But in my entirely biased opinion, One Delisle is the project for you.

  • One Delisle is a BILD Awards finalist for Project of the Year

    BILD just announced its finalists for the 2021 BILD Awards.

    This is probably the most noteworthy awards program in the development industry here in the Greater Toronto Area. And so I am pretty excited to announce that One Delisle is a finalist for the following awards:

    • Project of the Year, Mid/High-Rise (Pinnacle Award)
    • People’s Choice Award (Voting Opens August 2021)
    • Best Suite Design, Large — West Penthouse Residence
    • Best Innovative Suite Design – Sky Collection Suite

    The full list can be found over here (PDF). All of the finalists’ work is also going to be posted on the BILD Awards website before the end of this week.

    The actual winners will be announced this fall at the Awards Gala on October 7, 2021. I’m not sure if it has been decided yet whether it will be in person or online, but we all know that in person would be much better. Let’s hope that will be the case.

    Given the good news, our office decided that it was probably a good idea to make a few margaritas this evening:

    Whatever the end result, we are thrilled to be a finalist.

    We are also a past recipient of the “Best Innovative Suite Design” award, which was given to our House Collection of suites at Junction House. So I guess we like working our floor plans.

    Congratulations to the full One Delisle team. This is well deserved.