I'll give it the benefit of the doubt
for now but only for now. I went by the site yesterday afternoon and took some pictures. I'll only post a few of them that are important to my next points and show different angles as no difference is visible from Stec's pictures:
First and foremost it is obvious that this is not your usual poured concrete construction. We knew early on it would be using precast in some manner, but this is using a 'total precast' solution which involves both the common exterior precast and the less common structural precast. If you look at the last picture of the photos I've posted you see a structural precast joint. In the first photo I posted, you see the big difference in colouration of the precast concrete (most of 2nd floor and up) versus regular poured concrete (some of 2nd floor and below).
The advantages of this as I understand it are cost and speed. It's allows you to build a lot faster and a decent amount cheaper.
The precast supplier for this project is
Stubbe's precast. They are the same precast supplier as the
2014 stalinist block on Main West and the
2016 Vrancor project on Cannon East, festooned with red racing stripes. Note those are both also total precast projects.
I'm going to give it the benefit of the doubt because as Ritsman pointed out Vranich may have a change of heart and change out the exterior finish for something better, and secondly because the exterior precast we see so far may be painted or given a coat of EIFS or something that makes it look better. It will be a "time will tell" matter.