I'm a little surprised people are as gung-ho for this as they seem to be as it's clearly an unfortunate compromise of what could have been an excellent design. In particular, the base, with its cheap, blue spandrel panels bears no relation to what's above and the spartan hints of colour on the balconies seem like sad, out of place afterthoughts - too few to add poignant contrasting accents and therefore too muted by the sea of surrounding grey. Teeple would have been wise to emulate Holl at MIT and Beijing and include accents in each window bay or just abandon the crayons and leave the grey and white to play their own games with each other.
I'm most maddened because this could have been so good, and kudos to TCHC for trying something different. I just don't understand why they didn't commit and go for the gold, though it seems working within our 'design culture' means one has to accept some compromises. Shocker's post (perhaps intentionally) selects examples where colour has been fully embraced and brought in as an expressive element - Southbrook's massive purple wall, Algonquin's polychromatic exterior, X's distinctive slashes and OCAD's sexy legs all embrace colour and celebrate what it can do for passersby. Four balconies in two colours however, seems like a fifth-round-of-shop-drawings afterthought. Alas.