The sad part is that least these balconies have patterns. Phase 2 doesn't even have that (unless things change before construction).
The reality is, that no one should have ever expected any level of iconic design for the waterfront when it is mostly owned by private developers who have no interest beyond making money. They don't care what the postcard view of the city is, hell, they don't care what the building looks like in 5 years as long as they have sold all the units and made their money. As long as we have a system that allows developers to build the cheapest ugliest crap wherever they want, with no consequences, then that is what we will get.
That said, this project is... fine. But we could have done so much better with this parcel of land.