Published: Saturday, November 1, 2014 at 9:52 p.m. Last Modified: Saturday, November 1, 2014 at 9:52 p.m.

City officials said building permits for the two 300-foot oceanfront towers at the eastern tip of Oakridge Boulevard, the most expensive beachside development in the citys history, are expected to be OKd within the next few weeks. Site work could start as early as February or March, officials involved with the project said Friday.

Construction will take at least two years, setting up an opening date around spring or fall of 2017 about two years behind earlier hopes for the projects unveiling.

The property owner and developer and other key players say the slower pace doesnt reflect any problems with the project, which includes 501 hotel rooms and 100 condos.

Its a big, complicated process, said City Planner Rich Walton.

Its two major structures and theres a lot of things going on, said Paul Momberger, whos serving as the project manager and planner on the hotel-condo development.

Theres nothing out of the ordinary at this point, said Momberger, director of planning and landscape architecture at Zev Cohen & Associates in Ormond Beach.

Local attorney Rob Merrell, whos been guiding the 1.1 million-square-foot project the past few years, agreed and said he cant wait to see cranes in the air.

Its looking good, Merrell said. Sometimes the process takes longer than you anticipate. Theres no real problems or issues.

Alexey Lysich, whose family-run business owns the 4.5-acre project site south of Seabreeze Boulevard, said he has a letter of intent to partner with Preferred Hotel Group to make his property a franchise hotel.

Read more:
$130M hotel-condo to start in 2015 Project by Russian investors would bring 501 hotel rooms, 100 condos to Daytona Beach

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