We have a very similar project-incoming service is 120/208 3ph 4w.Panel schedule for the dwelling unit(s) says 120/240v 1ph 4w,it also calls out for the panel feeder to #2 ser al,breaker @ the meterbank is called out to be a 2p 100amp.This is an engineered project, plans and specs-but there is also the "classic note" on the plans that says all work done per NEC.The engineer has done his homework and list(s) all the load calc;s lowest being 78amps -highest being 87.These are 1,2,and 3 bedroom apartment in a multi family building.