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BEACHCRETE, INC. v. WATER STREET CENTER ASSOC.

No. COA04-557.

615 S.E.2d 719 (2005)

BEACHCRETE, INC., Plaintiff-Appellant, v. WATER STREET CENTER ASSOCIATES, L.L.C. and American Home Assurance Company, Defendants-Appellees.

Court of Appeals of North Carolina.

August 2, 2005.

Attorney(s) appearing for the Case

Scott T. Slusser, Wilmington, for plaintiff-appellant.

Parker Poe Adams & Bernstein, LLP, by Brian D. Darer and Farah Rodenberger, Raleigh, for defendant-appellee, American Home Assurance Company.

STEELMAN, Judge.

Water Street Center Associates, L.L.C. (Water Street) is the owner of the Water Street Center, Wilmington (the Project), which is a private construction project consisting of offices and condominiums. Miller Building Company (Miller) was general contractor on the project. On 15 December 1999, Miller gave to Water Street a payment bond on the project in the amount of $8,269,954.00. American Home Assurance...

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