There are differences, but it doesn't look significantly cheaper. There are contrasting white spandrels that seem tastefully applied. The storefront glass looks sleeker versus the rendering--the mullions are thinner. However, the black block cladding in the renderings looks better than the product that is being applied right now.
Took the liberty to do a side by side (render versus progress photo posted today).
Differences (ignoring the slight variance in the perspective of the shot):
We went with curtain wall at grade. Render had window wall. The opposite of a cheapening.
Render had spandrels ghosted out to permit views into the interior. As-built has white spandrels, which I think look great & add some visual punch.
Render assumed slightly larger commercial space, so an extended window wall area. Since the City wanted us to increase the number of parking spaces (provided via the stackers at grade within the garage), the commercial space is smaller than the original proposal. We introduced architectural concrete at the extended garage area. Again, higher cost than the original proposal.
Render is a dramatic dusk shot, with interior lights adding drama and reflecting off the cladding. Progress shot is in broad daylight.
Render cladding had a flat lock profile. This profile has been used in a number of projects. We decided to try something different by running a corrugated profile horizontally, inspired to some extent by this building
http://www.archiexpo.com/prod/vmzinc/metal-facade-claddings-corrugated-zinc-sheets-2935-185864.html.
I've yet to see an example of this profile and orientation on a condo within the GTA and am very pleased with the result. No savings to us.
Render is a complete building. The current building does not have the balcony glass or landscaping in place and is surrounded by protective fencing and equipment.
It genuinely, physically pains me when there's an accusation of cheapening based on a quick glance at a progress photo. The cladding on this project costs more than the all the windows and doors, is greater than the entire electrical contract, more than the drywall and framing contract (to provide context) for the entire building.
For a 6 storey project on a 50' x 100' lot, with a GFA of roughly 18K sq.ft, this is an utterly significant cost - one than we've held constant to meet the original design and architectural intent.