The color on this frame and fork is called 'Vintage purple' but it is really a kind of lavender. The bike will have fender capability and be a good choice for commuting on less than average quality pavement. The silver King headset and DKG seat collar are a nice touch with the paint color.
This is a pretty traditional build having a 1 1/8" steerer fork and rim brakes. Even though this is not the most cutting edge type of build I find that these are some of the nicest riding bikes that I build. Rim brake bikes are indeed lighter and the steel forks have a unique shock absorbing quality.
Here's one builder's testimony to not write off bikes like this in favor of more current configurations.