The place was nice and clean and located on a quiet (for Thessaloniki standards) street. We were able to find street parking without much of a problem.
The building itself is still being worked on and looks like there are more rental units going in. It doesn't seem like anyone really 'lives' in the building so it's probably ideal for anyone looking for a quiet, less-social stay.
It was a simple walk down to the city centre and boardwalk.