I have mixed feelings about this. I live very close to the horrible building site that is Phoenix works at the minute, and whilst it is far preferable to me to have a completed building than what looks to be a war zone - I dont want a continuous traffic jam with confused delivery people, visitors and the regular stream of curious punters that exists now, but Im sure will increase with new buildings to look at. Believe me, its already quite bad without a whole new block of flats as there are three blocks in this little area already.
At the minute the Phoenix Works site houses a fox den, is a (dangerous) playground for local kids, an extra toilet for the punters of the Bird in Hand Pub (and also a place where drug deals regularly take place) and up until recently has been a place to store rubbish from the developer's other projects.
The one thing that this may lead to however is better policing of the patrons of the Bird in Hand pub who regularly break glasses, leave rubbish all over the street and shout and carry on until closing time during the week and all day in the weekend. Despite letters to the council about this, they (the council) arent prepared to act. Perhaps with another 100 or so people in the area they might.