Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 614

One of the debates I came across on Twitter this week was about multi-tenant houses (also known as rooming houses) in Toronto. Currently, they are allowed in the former city of Toronto, parts of Etobicoke, and in York. But they are illegal everywhere else in the city.

The reason why the rules differ is simply because they weren't harmonized following amalgamation in 1998. And so right now we are debating whether or not things should be changed so that multi-tenant houses are permissible across the city.

As you can probably guess, it's a divisive issue.

The more urban councillors believe that rooming houses are vital because of their relative affordability. The more suburban councillors are, on the other hand, speaking for their constituents and saying that homeowners really don't want them in their communities. It's about "protecting the integrity of single-family communities."

No surprise here.

For this reason, a recent vote on the issue was deferred . It's expected to come back to council in September. Maybe there will be more support at that time. Or maybe there won't be. Either way, rooming houses will continue to exist all across the city. Some of them may just be illegal.

If I had any say in the matter, I would vote "yes."

So Soho House went public this week. It is now trading on the NYSE under the ticker $MCG. It renamed itself the Membership Collective Group Inc. for the IPO given the myriad of brands that the company now operates. The company went public at $14 a share and with a $2.8 billion valuation. It raised $420 million through the offering.

My first reaction when I heard the news was that going public is maybe at odds with being a cool, urban, and exclusive membership club. We're all about creatives; also, buy our stock. But maybe I'm wrong. This is just the company maturing. At 26 years old, the company now has some 119,000 members and has 30 Soho Houses around the world in 12 different countries.

Full disclosure: I am a member and a big fan of Soho House.

But now that the company is public, we also know that it has never turned a profit . And it hopes to do that by next year, as well as open some five to seven new Soho Houses each year while trying to remain "asset light". As the company does this and pushes toward profitability, there is, of course, a very natural question about what that does to the experience and the overall brand.

Does it get diluted at all?

I don't think that necessarily needs to be the case. But of course the company will end up evolving. On a related note, if anyone from Soho House / MCG is reading this post (unlikely), I would love to connect about an opportunity here in the Toronto area. I think it has the potential to become something truly remarkable -- not to mention, much needed. I can be reached, here .

@OceanJangda shared a great article with me today about " the psychological benefits of commuting to work ." It is excellent, it cites a lot of psychological research, and I would encourage all of you to give it a read. While it is never fun getting on a packed subway in the morning, the argument is that there are psychological and other positive benefits to commuting. It turns out, we need breaks in our day.

Here's an excerpt from the article:

But here’s the strange part. Many people liberated from the commute have experienced a void they can’t quite name. In it, all theaters of life collapse into one. There are no beginnings or endings. The hero’s journey never happens. The threshold goes uncrossed. The sack of Troy blurs with Telemachus’s math homework. And employers—even the ones that have provided the tools for remote work—see cause for alarm. “No commute may be hurting, not helping, remote worker productivity,” a Microsoft report warned last fall. After-hours chats were up 69 percent among users of the company’s messaging platform, and workers were less engaged and more exhausted.

It also turns out that there's kind of a magic commute number. In the mid 1990s, Italian physicist Cesare Marchetti remarked that, all throughout history, humans have tended to cap their commute times at about 60 minutes per day. So a half hour each way. This was the case in ancient cities and it appears to be the case today (ignoring COVID).

What this mean is that as new technologies became available -- such as the automobile -- we were able to further decentralize and still only consume about 60 minutes of our day. Apparently the average one-way commute time in America is indeed about 27 minutes. Some people, of course, have much longer commutes, but this is the average. Currently mine is about 12-15 minutes with a coffee stop. Yes, it's luxurious.

This 60-minute rule of thumb has become known as Marchetti’s Constant . And there are a number of possible explanations for why this has remained the case. Again, the obvious one is that it helps us detach from work, which is why so many of us have felt burnt out while working from home. We haven't been shutting off and we need to.

For more on this, click here .