Good points:
-feels safe--always well lit, the front desk is staffed until 2am, security card required to enter the front door and garage.
-wonderful living--the apartment was immaculate when I moved in and still feels brand new, the public areas are kept up well, within walking distance to all of King street.
-relatively quiet--I don't hear my neighbors (but see the note about construction and the garbage below)
-affordable--given rent in other ares of Old Town and the DC area, you get a lot for what you pay here.

Bad:
-noisy at times--there's construction on both sides of the building, but they only work 9-5; however, when I've stayed home sick, it's not a restful environment. Also, they pick up the garbage between 7 and 8 am--it wakes me up every time and I'm sure it bothers people in apts around me as well.
-storage--there's very little storage in my 1 br, but it's not non-existent either. I'd like more if I had the option.

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