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I don't think that OB development looks too bad.
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Me, either. One of the unfortunate casualties, though, of the economic slump is the failure of Gulf Shores to move forward on its "Envision" plan, which aimed to redevelop the "T" area into a pedestrian/bike-friendly "downtown."
Existing restaurants, hotels, and amusements were demolished to make way for the new development, and then the crash hit, and much of the area remains empty today (with the Hangout being the one noteworthy addition).
No offense to Orange Beach, but this project sounds like the very sort of development Gulf Shores had hoped to attract as part of that old plan.