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As a clarification, this isn't at Sunset and Vine; it's a good block south, extending another block toward Fountain (but still maybe 1/4 mile from transit). Maybe "Vine Campus" unless there is a formal name.

Otherwise, this is a real boost to the 'hood. As you head toward SM Blvd., the area gets pretty rundown and the presence of new jobs and housing could act as a catalyst for conversion of decayed sfh's and older light industrial into more modern housing or campuses.
 

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Seems like the right level of density and amenities to attract the techies and PR and such jobs. In fact, 23 stories is quite a bit for south of Sunset.

For night life you head a couple of blocks to the denser streets (Sunset, Selma, Hollywood, Cahuenga, etc.).
 
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