Construction of Daytona Beach hotel and condo complex stops after developer fires contractor

The city issued a stop-work order after Photogroup dismissed W.G. Yates & Sons as general contractor of Daytona Beach Convention Hotel & Condominiums

Miami /
Oct.October 07, 2018 10:00 AM

The Daytona Beach Convention Hotel & Condominiums construction site (Credit: Ox Blue | YouTube)

Construction of a high-rise hotel and condominium complex in Daytona Beach stopped because the developer fired the general contractor 20 months after breaking ground.

The city government issued a stop-work order Oct. 3 that halted construction of Daytona Beach Convention Hotel & Condominiums after the developer fired W.G. Yates & Sons Construction Group as general contractor.

The Palm Coast-based developer, Photogroup Inc., notified the city in a letter that it fired W.G. Yates and requested withdrawal of a building permit for the development, effective Oct. 2.

The city’s stop-work order prohibits construction of the hotel complex from resuming until Photogroup hires a new general contractor.

Photogroup plans to apply for building permits with a new general contractor, according to Alexy Lysich, vice president of the development company, which his Russian family runs.

The $192 million Daytona Beach Convention Hotel & Condominiums development is designed as a hotel and a condominium hotel with a 28-story south tower and a 31-story north tower with a total of 501 rooms. The beachfront development site is at the intersection of Oakridge Boulevard and State Road A1A in Daytona Beach.

Prior to the dismissal of W.G. Yates as general contractor, the south tower was on schedule to open in 2019 and the north tower was on schedule to open in 2020, Lysich told the News-Journal.

Why Photogroup fired the W.G. Yates is unclear.

Manoj Bhoola, chief executive officer of Ormond Beach-based Elite Hospitality Inc., told the News-Journal that it is “very uncommon for a developer and a general contractor to part ways so deep into a project.” [News-Journal]Mike Seemuth


Related Articles

arrow_forward_ios
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...