Buyer01, it is sad that only BROKERS answered your questions. If I were you I would rather asked people living around of their opinion.
My husband and I 6 months ago bought a 3bdr 2.5bths almost 1700 sq. feet condo at the very top of the hill for $435K. Condo fees are $152 per month. Yes, it was not a brand new, but the condition was perfect, the location is to dream of (like you are on board of 767), and what was the most important is that the area is so quiet there.
Now, Terraza is a brand new property, great. But location just sucks. Noisy (because of Hillsdale Ave, it is very noisy even during the day time), no real space or privacy whatsoever, no view, nothing. May be this is what you want, but I would suggest to shop at the top of the hill first. You will be very surprised what you could get there for the same amount of money.
Forgot to mention, the location is good as long as you are young, do not have kids or elderly people in house, like we. Otherwise it is a headache, 3+ store buildings with stairs, no backyards, etc. Keep it in mind.