Daytona Beach city commissioners have unanimously approved the rezoning of the oceanfront property that is to become a massive $150 million condo hotel project which breaks ground in August. The city plans to help with the costs of the 1.22 million sq. ft. facility that should be completed by the Fall of 2015. The Russian company behind the project, Protogroup, is led by a Russian family who own a chain of six supermarkets in Russia as well as a hotel in Montenegro and four hotels in St. Petersburg, Russia. This large project will call for an upgrade of the water and sewer lines along A1A, which Protogroup has agreed to complete, even beyond the what is needed, to increase capacity for future development. This project appears to have unanimous support and should be a great addition to Daytona beachside. Check back with us for further updates as they become available.