I agree that it is an excellent location.
It's a tight site, so parking will be very limited and at a premium (probably will not be offered for studio and 1-BR units, like many other developments are doing). Parking in this neighborhood typically goes for $40-45,000 in a new building.
I think balconies are a great selling feature, as they do not count as floor area and also not counted towards the maintanence fee calculations, so you are basically getting additional living area (albeit when the weather is nice) at a discount.
I personally would only buy units with outdoor space as I like to use the balcony for entertaining, you get more air as the sliding patio doors let so much air than the typical small operable windows, and you don't feel so confined especially if the unit is very small.
Gas lines to balconies are a very rare feature these days, let alone gas cooktops in kitchens, so if gas is offered it would be a great selling feature.
There are too many investor buyers and speculators these days (I believe almost all of the 1-BR units have already been sold here, well before the upcoming grand opening), so I don't think real estate investments are not as lucrative and secure as it was before.
If you can get a hold of a 1-BR unit with a decent floor plan and a good price, than I think it would be a decent investment and you should jump on it. Brad Lamb has a good track record of building nicely designed quality developments.