I agree, they could have done more Juliet style balconies that were less contemporary on that back side and kept the modern balconies for the interior. In the long run for Victoria at least converting this to housing has been a good decision, revitalizing that end of downtown as it's on the northern fringe. Hundreds of rental and condo units have been added, and the total investment will be 900 million according to Rick Ilich from Townline.
I think they did get away with cheaping out on the back side, but 900 million over four buildings ain't pennies either.
Victoria has the third highest condo prices in the country so there is no excuse to build cheap, and overall I'd say that Victoria has some really solid designs, although no city touches Vancouver or Toronto in terms of high end luxury.
Current MLS stats:
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The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in July 2017 was $834,200, while the benchmark value for the same home in July 2018 increased by 5.5 per cent to $880,000, slightly lower than June's value of $889,600. The MLS® HPI benchmark value for a condominium in the Victoria Core area in July 2017 was $442,100, while the benchmark value for the same condominium in July 2018 increased by 12.1 per cent to $495,700, slightly higher than June's value of $496,500.
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As for office, I can't see any company maintaining the integrity of a large historic building for office space. Even with the old post office in Vancouver - that'll just be a shell. One developer in Victoria just finished in 2018 420,000 sq ft of LEED platinum government office space downtown - much easier to build new high tech office buildings with all the bell and whistles, and especially in BC - earthquake proof.