Random Quote

“An expert is a man who has made all the mistakes which can be made in a very narrow field.”

— Niels Bohr

James McCarthy has 30+ years in finance and private equity, corporate structuring and work-outs, and raising debt and equity as an investor, lender, investment manager, portfolio manager, financial advisor, corporate consultant, work-out consultant, and city planner. Clients have included domestic and offshore institutional investors, investment funds, hedge funds, high net worth investors, and private companies. I hold an MBA from Columbia University and a Master of City & Regional Planning from Rutgers University.

Special interests include green and sustainable design, resilience, passive energy design, waterfront, walkability, transit-oriented design, affordable housing, high-quality and innovative architecture and construction technology, mixed-use development, and the inclusion of public spaces and landscape architecture.

JMc & Jameson Capital

Please Sign-Up for Updates

Please Follow Me On:

Retrofitting suburbia: Old shopping malls can be saved by their parking lots – Business – CBC News

 

In what some call “retrofitting suburbia,” fading food and department stores are reinventing their huge urban properties by filling them up with residential, office and retail space.And with Sears Canada closing dozens of department stores, new opportunities in these “mixed-use” developments now abound.”Just about every shopping centre — if they’re smart — is looking at this,” said Brent Toderian, an international consultant on urbanism and city planning based in Vancouver.Brent Toderian”Just about every shopping centre — if they’re smart — is looking at this,” said Brent Toderian, an international consultant on urbanism and city planning based in Vancouver. (CBC)”The recognition is that you can bring more customers, you can get more value out of the land and, particularly when you’re around transit, you can provide a lot more transit ridership rather than car dependency.”Such revelations aren’t new in the United States but the idea has caught fire more recently in Canada.

Source: Retrofitting suburbia: Old shopping malls can be saved by their parking lots – Business – CBC News

Opinion | A New Map for America – The New York Times

From 2016 but even more salient today. Compare to Trump’s Infrastructure Plan once released and see where the plan misses the key points.

Congress was once a world leader in regional planning. The Louisiana Purchase, the Pacific Railroad Act (which financed railway expansion from Iowa to San Francisco with government bonds) and the Interstate System of highways are all examples of the federal government’s thinking about economic development at continental scale. The Tennessee Valley Authority was an agent of post-Depression infrastructure renewal, job creation and industrial modernization cutting across six states….

What would this approach look like in America? It would start by focusing not on state lines but on existing lines of infrastructure, supply chains and telecommunications, routes that stay remarkably true to the borders of the emergent super-regions, and are most robust within the new urban archipelagos…

Where possible, such planning should even jump over international borders. While Detroit’s population has fallen below a million, the Detroit-Windsor region is the largest United States-Canada cross-border area, with nearly six million people (and one of the largest border populations in the world). Both sides are deeply interdependent because of their automobile and steel industries and would benefit from scaling together rather than bickering over who pays for a new bridge between them. Detroit’s destiny seems almost obvious if we are brave enough to build it: a midpoint of the Chicago-Toronto corridor in an emerging North American Union.

To make these things happen requires thinking beyond states. Washington currently provides minimal support for regional economic efforts and strategies; it needs to go much further, even at the risk of upsetting established federal-state political balances. A national infrastructure bank, if it ever gets off the ground, should have as part of its charter an obligation to ignore state lines when weighing

Source: Opinion | A New Map for America – The New York Times

7 ZIPs That Exemplify Suburban Comeback | Realtor Magazine

For the first time in a decade, the number of Americans living in suburbs grew faster than that of urban dwellers in 2017, buoyed by young homeowners who are planting roots outside cities, according to the Brookings Institute, a think tank based in Washington, D.C.“

You’re seeing more millennials moving to the suburbs, especially as they have kids,” says Danielle Hale, chief economist at realtor.com®. “People are definitely looking for affordability, better schools, less crime. … More outer suburbs have really put in an effort to develop walkable town centers and other places for people to gather to enjoy similar benefits they’d find in urban centers.”

Realtor.com®’s research team analyzed the ZIP codes outside the nation’s largest cities to find the best suburb for each major metro for families. They factored in housing affordability (defined as less than $400,000 to buy a home for most metros); percentage of children residing in each ZIP code; availability of child care; school rankings; number per capita of restaurants, bars, and museums; crime rates; and reasonable commuting time (considered 70 minutes or less).

Source: 7 ZIPs That Exemplify Suburban Comeback | Realtor Magazine

The Shortcomings of the Plan to Expand Penn Station – CityLab

New York’s Pennsylvania Station is among the most unpopular places anyone in the Northeast United States has to visit. Today’s station structure, shared with Madison Square Garden, is an urban renewal project from 1963 that replaced a majestic Beaux-Arts building, whose demolition provoked outrage and sparked the historic preservation movement. The late architectural historian Vincent Scully said of the original station, “Through it one entered the city like a god. … One scuttles in now like a rat.” In the

Source: The Shortcomings of the Plan to Expand Penn Station – CityLab

Basel’s Tri-national Streetcar Connects France, Switzerland, Germany – CityLab

Basel's new streetcar is pictured.

 

The new streetcar link that launched in Basel, Switzerland, on Tuesday may not look all that special. A low-slung tram painted a shade of racing green, the rolling stock is ferrying passengers just a few stops further down a line that’s been in service since 1897. But these new stops have something special, even ground-breaking about them: While Basel lies in Switzerland, they’re across the border in France. And by opening them, Basel inaugurated the world’s only tri-national streetcar system.

 

Source: Basel’s Tri-national Streetcar Connects France, Switzerland, Germany – CityLab