I'm curious how these precast brick panels hold up over the long term. From my memory they are a more recent phenomenon, so I can't think of any buildings that are 10, 15 or so years old to see how they weather. By the looks of the panel edges they are stained or painted, so I imagine the colour will fade over time.
This development's efforts on the the brick are far superior to those at 299 Campbell.
That said, as is often the case with the brick veneer panels, the way in which they have visible seams is a concern.
If left that way, it's an aesthetic detractor; if filled in with a bit of mortar/grout, the irregular size of the gap will still be noticeable.
I'd be concerned about water-channeling effects as well.
I can think of a few ways the idea can be played with and work a bit better.
This heritage building on Yonge shows some techniques with its real (non-veneer) brick that could be applied in modern panels and better conceal seams.