Tag: toronto

• A real estate dynasty without heirs

  

  Throughout history, real estate has been a tremendous source of wealth for a lot of people. Many family dynasties were created by accumulating property, holding it, and then riding the valuation wave.

  Here in Toronto, there was the Reichmann family. At one point they had created the largest real estate company in the world (Olympia & York). But I’m not sure exactly how much of that wealth remains today following the company’s bankruptcy in the early 90s. That was a tough time in Toronto real estate.

  In line with this, the NY Times recently published a fascinating account of the Wendel family in New York. In terms of how they conducted themselves, they were the polar opposite of some of today’s real estate families (i.e. Trump), but they certainly built an empire.

  Here are two snippets from the NY Times:

  In the early 20th century, the Wendels were perhaps the most powerful landlords in New York City, a dynasty with more than 150 properties in Manhattan worth over $1 billion in today’s dollars. The Wendels were the delight of the local papers, for, rich as they were, the family — six sisters and a brother, all unmarried — lived together in a shuttered mansion without electricity on the northwest corner of Fifth Avenue and 39th Street, and dressed in grim Victorian garb that had gone out of style half a century earlier. Tour buses regularly pulled up in front of “the House of Mystery.”

  Alongside their austere lives, they also practiced a strict and disciplined approach to investing: 

  Never mortgage a property; never sell anything; never pay for repairs; and never forget that Broadway moves uptown at a rate of 10 blocks a decade.

  In fact, they were so draconian in their approach, that the sisters were supposedly prohibited from marrying. Unions were not allowed because that, according to the NY Times, “would disperse the accumulated property and put it under other names than Wendel.”

  But in the end, this meant that the last Wendel – Ella, who died in 1931 – died alone and with no one to pass along the empire to. So instead it was distributed to various charities and the inevitable “cousins” that come out of the woodwork when a rich person passes.

  I guess the moral of the story here is the old saying that you have to “give to receive.” From the sounds of it, the Wendel family didn’t like to do that.

  Image from March 15, 1931 obituary

  2016.04.23

• Gray on gray on gray

  This past weekend was gorgeous in Toronto. I always love seeing the city come to life after the winter and last weekend was the first sign of that this year.

  Being the fair-weather cyclist that I am, I had the flat fixed on my single speed bike and I was ready to go by the weekend. I managed to test out the GoPro handlebar mount that I mentioned last week but, quite honestly, the footage was so jittery and bouncy that it made me nauseous to watch it. So I need to rethink my city geek filming strategy. 

  (Sidebar: GoPro needs to make it easier to turn their raw footage into content that is actually worth sharing.)

  Still, I had a good ride over to the new Canary District on the east side of downtown. The gates just recently game down, so I was itching to take a look at it. Here are a couple of photos to give you some context for the rest of this post:

  

  None of the retailers have moved in, so the area currently feels like Toronto post zombie apocalypse (to use a friend’s description of the neighborhood). But all of the bones are in place for an incredible downtown neighborhood.

  Here are some of my thoughts as I was riding around:

  The opening of this neighborhood repositions the Distillery District. Initially, the Distillery District struggled as a kind of island on the edge of downtown. But thankfully they stuck to their initial vision for the community and now they get the benefit of this new mixed-use anchor to the east of it.

  Trinity Street to the north of the Distillery District proper is a fantastic opportunity to not only extend the magic of the Distillery northward, but also “plug” the area into Front Street East, which is the primary east-west spine that connects the Canary District back to the downtown core. I hope we (the city, developers, and so on) take advantage of this.

  The Front Street Promenade running through the Canary District and connecting into Corktown Common (park) is going to be an absolutely magical urban space once the restaurants, cafes, and retailers open up. I can’t wait for this to happen. Live Work Learn Play has been orchestrating the retail component.

  Finally, why are all of the buildings gray? 

  Gray brick. Gray window wall. Gray spandrel panel. It’s gray on gray on gray. We’re playing into that boring Canadian stereotype here. I hope the subsequent developments introduce some wild colors. Although some red brick to tie into the Distillery District would work well too. The best nearby architecture (just to the north) is the River City complex by Saucier + Perrotte.

  Notwithstanding the gray, I’m super excited about the Canary District and I am generally bullish on the east side of downtown. If you’ve had a chance to visit, I’d love to also hear your thoughts in the comment section below.

  2016.04.18

• Population growth across North American cities

  The Centre for Urban Research and Land Development at Ryerson University recently published the following chart on their blog:

  

  It’s a look at population growth across a few North American cities, broken down according to natural increases, net internal migration from other parts of the respective country, and net immigration from outside of the respective country.

  When you sum up the pluses and minuses shown above, you get to population growth numbers that look like this:

  

  Houston, Dallas, and Atlanta are monsters in terms of population growth. They’re obviously smaller than New York and Los Angeles, and so on a percentage basis they are really adding a lot of people. Much of this has to do with the ease in which housing can be added in those cities and their relative affordability.

  Toronto is competitive with New York and Los Angeles in terms of an absolute number, but again our base is smaller so on a percentage basis we are growing faster. The big story with Toronto is our dependence on immigration to grow.

  The one city on this list that might surprise some of you is Chicago. Toronto and Chicago share many similarities and are often compared. But when you look at how the Chicago metropolitan area is shedding people, you see that, at least in this regard, it’s in structural decline.

  2016.04.17

• Building Toronto Tomorrow

  I’m going to be speaking on a panel on May 3rd, here in Toronto, called Building T.O. Tomorrow. The topic is the future of this city.

  It is being put on by the good folks at BuzzBuzzHome and it will be held in the lobby of Allied’s new Queen-Richmond Centre (134 Peter Street). If you haven’t yet been to this building, that alone makes attending worthwhile.

  Here’s the event poster:

  

  If you’d like to attend, make sure you RSVP to aleks@buzzbuzzhome.com.

  On a largely unrelated note, I recently picked up the handlebar bicycle mount for my GoPro and I’m looking for some fellow city geeks who would like to ride around the city and film some – potentially cool – videos.

  I find that being on a bike is one of the best ways to experience a city (at least the cities that are actually bikeable). So I’m hoping some of that magic will translate into video. If that sounds at all interesting, drop me a line.

  2016.04.15

• Not zoned for dancing

  Yesterday, when I was reading up on Toronto’s “TOcore” initiative, I came across a report from 2014 called Not Zoned For Dancing: A Comprehensive Review of Entertainment in Downtown Toronto. 

  It was prepared by five graduate planning students at the University of Toronto: Anna Wynveen, Brenton Nader, Carolyn Rowan, Chris Hilbrecht, and Kyle Miller. 

  The entire report is fascinating, but here’s one diagram that stood out to me:

  

  It shows the migration of bars, clubs, and lounges westward, away from the downtown core, from 1991-2013.

  This migration doesn’t surprise me at all. I saw it happening and I understand the market forces at play here. There’s also the simple fact that nightlife is often viewed as a nuisance.

  But it’s worth calling this out. 

  Because I don’t think enough city builders appreciate the value of nightlife. It can and has served as a valuable catalyst for urban regeneration and I believe that it should form part of any city’s economic development strategy.

  A lot of cities are focused on things like bike lanes, public spaces, and on becoming the next Silicon Valley. And don’t get me wrong, those are all important things (though we could debate the Silicon Valley part). 

  But let’s not forget about nightlife.

  2016.04.07

• Have your say in the future of downtown Toronto

  I was recently on a call with someone living in California, but who is originally from Toronto. He told me that every time he comes back to Toronto to visit, it feels like the city has changed, grown, and become even more cosmopolitan.

  That is a great compliment, because every city today is in a competition to remain relevant. Which means that if a city is not changing, evolving, and adapting, then it is falling behind. Competition is fierce and it’s global.

  Toronto is fortunate enough to be experiencing rapid population growth and that is driving a lot of this change. But at the same time, it naturally raises questions about how to best manage and leverage that growth, particularly in areas like the downtown core where a lot of that intensification is happening.

  To that end, the City of Toronto has been working on a three year study called TOcore, that will, among other things, result in a new comprehensive plan for the downtown core. (I’ve blogged about this before and it has come up in the comments a few times.)

  Today, however, marks the start of their public engagement process. And so if you’d like to have your say (there will be implications for developers, architects, and other city builders), you can do that here. There’s an online survey, an email address, events you can attend in person and, of course, a hashtag: #DTadvice.

  But the tool I think is really neat, is their “Favourite Places” map. What it allows you to do is drop pins onto a map of downtown and describe your “Favourite Places” and places that have “Great Potential.” Notice that the focus is on positivity. There’s no pin for “Shitty Places.”

  I have a lot to say, so I’ve been flooding the map with pins. I would be curious, though, to hear what you would like to see happen in downtown Toronto – and so would the TOcore team.

  2016.04.05

• Moving to the big city

  When I was 18 years old, I
  moved from the suburbs of Toronto to Waterloo, Ontario, which is about an hour
  west of the city.

  I largely did this for two reasons.

  Firstly, I had started
  visiting friends at both Wilfrid Laurier University and the University of
  Waterloo while I was in high school, and I thought that I wanted
  that kind of University town experience.

  Secondly,
  I started University as a Computer Science student and I figured that Waterloo
  was a pretty good place to study that. Research In Motion (later renamed to
  Blackberry) was an important company at the time and interesting things were happening.

  Though
  to be clear, I was a student at Laurier and not at the University of Waterloo – the better of the two schools for Computer Science – because I didn’t have
  the grades for the latter.

  But a
  funny thing ended up happening. I hated living in Waterloo. I felt so out of
  place. So much so that I spent every weekend back in Toronto visiting my
  friends who had instead decided to go to the University of Toronto.

  And I
  remember vividly how I felt during those weekends. I would stand in my friend’s
  apartments – most of which had dens and solariums that were hacked into
  bedrooms so that they could afford to live there – and I would look across the skyline and
  think to myself: why the hell do I not live here?

  So I
  transferred to the University of Toronto. And that solved that.

  The
  reason I bring up this story today is that I was reminded of it while reading a recent CityLab article by Richard Florida called, The
  Self-Confident City.

  The three
  main arguments in the article are:

  (1) Where
  we choose to live has a massive impact on our life outcomes.

  (2) Self-confident
  people – according to a recent study – seem to be drawn to big cities.

  (3)
  Self-confidence can also be a self-fulfilling prophecy
  for people in big cities.

  Now,
  I don’t know if it was really self-confidence and youthful hubris that told me I needed to live in a bigger city than Waterloo. (It was probably part of it.) All I know is that I
  wanted to live in a super dynamic place that felt bigger than me. I wanted to
  feel like I was a small fish in a big pond trying to make some sort of
  meaningful dent.

  That
  was true for me when I was 18. And it remains true for me today at 32.

  2016.03.31

• Prerequisites for a successful pedestrian-only street

  

  A few of us had a really great discussion on Twitter recently about pedestrian-only streets. It was kicked-off by a tweet about Spark Street Mall in Ottawa, which many argue needs a rethink.

  One of the comments was that a lot of people tend to overvalue their worth. And I will admit that I am probably one of those people. If you’ve ever visited places like Grafton Street in Dublin, Lincoln Road in Miami Beach, or Kensington Market in Toronto on a pedestrian Sunday, you can’t help but think to yourself: why don’t we do more of this? They’re such great places to be.

  But the research suggests that these success stories are few and far between. 

  Below are the key findings from a report that was shared on Twitter during our discussion. It’s by Cole E. Judge and it’s called, The Experiment of American Pedestrian Malls: Trends Analysis, Necessary Indicators for Success and Recommendations for Fresno’s Fulton Mall.

  – Pedestrian malls in the United States have an 89% rate of failure. Most have been removed or repurposed. Only 11% have been successful.
  

  – Of the 11% successful pedestrian malls, 80% are in areas with populations under 100,000.

  – Certain indicators need to be present for a pedestrian mall to be successful in the United States: near or attached to a major anchor such as a university, situated in close proximity to a beach, designed to be a short length in terms of blocks, in a town/city with a population under 100,000, and/or located in a major tourist location such as Las Vegas or New Orleans.

  – Cities that have embraced the Main Street and Complete Streets models have experienced turn-arounds in their downtowns with more investment, higher occupancy rates and more pedestrian traffic.

  Though the report lists proximity to a beach as helping pedestrian malls, this is more about having a strong anchor than it is about climate – which is a commonly held excuse for why they don’t work. The report cites lots of failed pedestrian malls in California.

  Furthermore, if you look at the list of successful pedestrian malls, about half of them are in colder climates. And if you search the report for the word “weather” it only comes up once. The word “climate” doesn’t come up at all. 

  So I don’t believe that they’re not possible in colder climates. Ski resorts, for example, usually have great pedestrian-only spaces because they have a strong anchor – the mountain.

  But I do agree that pedestrian-only streets aren’t possible everywhere. And the more I think about this topic, the more I agree that we are overvaluing pedestrian-only. I guess that’s why our focus today is more on complete streets.

  2016.03.27

• Why Toronto needs a night mayor

  

  Recently I wrote about the first Night Mayor Summit being held in Amsterdam. As part of this, I spoke about Amsterdam’s first night mayor – Mirik Milan.

  Since then (but obviously not because of my post), the idea has seemingly taken off. Below are a couple of excerpts from a recent Guardian article.

  This pragmatic and classically Dutch notion is now being copied across Europe: Toulouse, Zurich, Paris as well as several other Dutch cities have night mayors too.

  This week the mayor of London, Boris Johnson, announced plans for a “Night-Time Commission”, a six-month assessment of how to protect and manage the city’s £66bn night-time economy which is likely to recommend the creation of a “night-time champion” role. 

  Berlin is considering it too, and in April, Amsterdam will host the first global Night Mayors’ Summit.

  Why is this happening? Simple:

  “Late-night people are typically young, educated, creative, entrepreneurial – people you want in your city, and who work in the creative industries and startups you also want. If places like Berlin have flourished, it’s not just because of low rents. It’s because they’re nightlife capitals.”

  So if you’re reading this, Mayor John Tory, now is probably your last chance to make Toronto a North American leader in this regard. 

  It’s great that we are trying to push the Toronto – Waterloo region as a global startup hub, but so is every other major city and region in the world. A focus on startups is so commonplace in today’s economic development strategies, that at this point it almost feels meaningless. What are we going to do to stand out in this competition for the world’s best talent?

  If everyone believes something to be true – such as, there’s value in having a robust startup ecosystem – then it’s no longer innovative. It’s just the way things are. To take it to the next level, we’re going to have to do things that will probably feel uncomfortable at first – particularly for old establishment Toronto.

  I’m not saying that having a night mayor is going to be the silver bullet for our startup ecosystem. There’s no such thing. But I am saying that it should be one component of our larger strategy. 

  Because already there’s a growing number of European cities who have come to this one simple realization: people are drawn to kickass places.

  If you agree with this post, I would encourage you to leave a comment below and also tweet the Mayor of Toronto.

  Image: Berlin nightlife by Tom Stromer

  2016.03.26

• Everything you ever wanted to know about automated vehicles

  Last fall, David Ticoll (who is a research fellow at the Munk School of Global Affairs at the University of Toronto) published a thorough discussion paper called Driving Changes: Automated Vehicles in Toronto. 

  If you’re interested in driverless cars, and I know that a lot of you are, then it’s definitely worth a weekend read. It’s fairly long. He gets into the various automation levels, the transition period, the implications for policy makers, the benefits, and so on.

  Here’s a quick snippet on the topic of benefits:

  “This report provides bottom-up analysis based on Toronto-specific data. The result is a conservative estimate that were AVs to be at a 90% adoption rate in Toronto today, the result would be annual savings of $6 billion, or 4% of the City’s $150 billion gross
  domestic product. This includes $1.2 billion from reduced collisions, $2.7 billion out of congestion costs, $1.6 billion from insurance, and $0.5 billion from parking fees and fines. AVs will provide other quantifiable social and economic benefits that range from fewer deaths and hospitalizations thanks to lower particle emissions, to productivity gains in many business sectors.”

  But of course there’s the question of: when will this happen? Below is a chart from the paper that was assembled using various consultant/analyst predictions. Based on this, we’re still over a decade away from the consumer adoption of automated vehicles.

  

  However, these are just estimates and history has shown us that the adoption rate for new technologies has been increasing over time. Below is a chart by Michael Felton, which is also from the paper, that shows this phenomenon. Take a look at the telephone in comparison to the internet.

  

  Maybe I’m being overly optimistic (it wouldn’t be the first time), but consumer-facing driverless cars, at least to me, feel pretty close to the horizon.

  2016.03.22