We moved from OTE to Italian Village about 7 months ago and it has been great. The difference in being able to walk to so many things and the convenience of not having to drive across town to meet up with friends has been wonderful. I would do it again in a heartbeat.
That said, I would prepare your friends for some sticker shock. Our large 2 bedroom on Franklin Ave cost us only $550 a month and had a garage. Out new place in IV costs $1050 and with street parking and no central A/C. Since these are brand new apartments in a signature building I imagine they will rent at a fairly high rate.
Anyone have a timetable for opening and maybe what the rents will be? I have some friends in OTE who have their sights on this place. It would be great to have them closer to me.