THURSDAY October 28, 2021
Mathis Report: Sugar Factory taking steps at Town Center PAGE 10
jaxdailyrecord.com • 35 cents
Public
Daily Record JACKSONVILLE
legal notices begin on page 1B
RESIDENTIAL REAL ESTATE
ELENADaily FLATS RESTORATION Record A ‘LOVE PROJECT’ JACKSONVILLE
Economist: Home price increases unsustainable
Robert Dietz of the National Association of Home Builders says they will ease by 2023.
Daily Record Daily Record JACKSONVILLE
BY KATIE GARWOOD STAFF WRITER
The historic Elena Flats building at 122 E. Duval St. once was a boarding house with as many as 25 rooms.
JACKSONVILLE
Spouses Jack Meeks and JoAnn Tredennick are leasing four apartments after a five-year renovation of the crumbling 1909 building. BY KATIE GARWOOD STAFF WRITER
R
estoring the historic Elena Flats building to its former glory wasn’t a profitable proposition for spouses Jack Meeks and JoAnn Tredennick. The building at 122 E. Duval St. was one of a few remaining Downtown that were built between the 1901 fire and 1910. When Tredennick heard the structure was set to be demolished, she wanted to help save it. While they had renovated several other quadplex apartment buildings in Springfield, restoring the “significantly deteriorated” structure Downtown would be a bigger challenge. “It stretched it, but it was within our capability,” Tredennick said. The building, constructed in 1909, was used as a boardinghouse with as many as 25 rooms. “It just didn’t seem like this was another building that should be torn down,” Meeks said. SEE ELENA FLATS, PAGE 4
While home prices have risen substantially over the past year, National Association of Home Builders economist Robert Dietz said relief is on the way for buyers. Since January 2020, home resale prices have risen 30% on average across the country, growth that Dietz called unsustainable. In a Oct. 8 presentation to Dietz the Northeast Florida Builders Association Sales and Marketing Council, Dietz said he sees price increases slowing to about 6% by 2023, and eventually SEE ECONOMIST, PAGE 9
MORE INSIDE Pools and paths: Mike Taylor is president of a new GreenPointe Holdings division that designs and plans amenities. Page 5 Top sales: The Top 10 residential sales of the third quarter. Page 6
Photos by Katie Garwood
Spouses JoAnn Tredennick and Jack Meeks on the steps of Elena Flats at 122 E. Duval St. They spent six years and $3 million renovating the historic building into apartments.
PulteGroup moving in: Homebuilder to establish Jacksonville office to house more than 100 employees. Page 9
THE BASCH REPORT
‘A steady stream of complaints’ about CSX Government sends letter to railroad. PAGE 12 VOLUME 108, NO. 243 • TWO SECTIONS