To be clear, that is irredeemably hideous.
It wasn't just these balcony screen things. The soffits on the main floor were unfinished, and had insulation exposed and hanging down in places. God only knows what the interior of the upper floors were like. But here's a reasonable sequence of events, based on what's public knowledge:
- Original developer runs out of money after starting Building 2, but before finishing Building 1;
- Building 1 staggers along in zombie form for several years;
- Original developer's creditors take over the project;
- New owners announce intent to finish both buildings;
- They do the barest minimum to bring Building 1 up to code;
- Future: Focus efforts on Building 2;
- Future: Apply lipstick to Building 1
I understand why the creditors-come-owners don't want to throw good money after bad, it still strikes me as short sighted to not kick in the extra fifty bucks to do it properly.