@mainejeff —that's literally an out-of-town driver's perspective you're espousing, there. As a Portlander, it's funny to think that the users of the city's biggest eyesore — the Back Cove blockade, the city's most significant source of air and noise pollution — can be so concerned about the aesthetic qualities of nearby buildings.
As a token of my sympathy please follow this pixel-sized link to listen to a near-inaudible audio file of the world's smallest violin:
From the point of view of Portlanders, this development, like the Intermed building, will help screen downtown from the noise and ugliness of the freeway. Lining 295 in a trench of unadorned cinder blocks would be an improvement.
Besides, most people visiting our city for the first time either arrive by plane, train, or bus — i.e. via outer Congress Street. Who drives around to the backside of the peninsula to get a "first impression" of the city?