There are a lot more factors that would influence my decision.
What is directly in front of the building.
How far back can you get from the building and still have a clean uninterrupted view
How many distractions will you deal with in front of the building (cars, traffic, deliveries, etc...)
What perspective do you want
If this was just a nice long image of a square on face...my first inclination is to get back much further and do fill the frame its a telephoto lens as much as I can vertically and do a large stitch of multiple pieces from the center. This works better the further back you can get. I've done this before. Then again, it was early morning and the parking lot was empty and I could get waaaaay back in order to keep perspective square on most of the building.
Stitching in pieces and moving is tough. I would measure out my positions and mark them. I would also do a trial run with jpgs. Shoot a quick set and run the jpgs into a laptop and stitch them and see. I often do this with complex panos. Shooting a quick jpg run allows for a fast stitch and process.
If public can get in your way you need to ensure you are closing off the areas you need to be in if you resort to that. An assistant and safety vests are always handy.
Also I would do a test of an extreme shift set (3 images, far left, center, right) stitching up with another set. Sometimes the far edges of the tilt shift lenses is not the best. I would want to make sure software can ensure they stitch well, especially in terms of vignette. You don't want an odd off-quality in the intersections of the image.