By Linda Collins
GATEWAY — In sharp contrast to the slowdown reported by many in the industry, MeadowWood at Gateway has reached several milestone achievements in 2009, including being named the year’s top selling condominium project in Brooklyn to date by The Real Deal in its August 2009 edition.
According to Jean-Paul Ho, vice president and director of sales at Fillmore Real Estate, who is overseeing sales, more than 60 units have gone into contract since January and there is a waiting list of qualified buyers for several units.
In fact, more than 350 successful sales have taken place at what he calls “Brooklyn’s largest affordable condominium complex.”
“This is an extraordinary accomplishment given the current economic climate, when units in many other complexes are standing empty,” Ho said. “There simply isn’t enough middle-income housing in New York. This project meets that need by providing over 1,100 units of housing for working families.”
As reported in the Eagle last year, the complex has undergone a $40 million renovation, which included new landscaping, improved parking, a shuttle van, a playground, enhanced lighting and security cameras.
This is in addition to the “complete makeover” of the buildings — including replacement of all windows and balcony doors, remodeled lobbies, new elevators and renovated laundry rooms.
In celebration of these achievements, the management is hosting a MeadowWood Family Day on Saturday, Aug. 29, from 12:30 p.m. to 4:00 p.m. The event is open solely to residents, who are invited to stop by to enjoy food and refreshments, rides, entertainment and a chance to win prizes.
“This project is made special by the people who live here,” said Ho, who noted that most are working and middle-class families, such as teachers, nurses, police officers, correction officers, homeland security and union workers, many with an average income of $63,000, comprise the majority of sales.
“Family Day is a way for us to give back to the community and to thank them for making MeadowWood the success that it is.”
To assist first-time homebuyers, Fillmore Avenue L sponsors free homebuyer seminars that expose attendees to a number of grants and low-interest loans with only 3 percent down from which they can benefit. Ho says the classes have been averaging from 80 to 100 attendees per session.
“Those who complete the seminar are fully prepared to purchase a home,” said Ho, adding that the seminars are held every other Saturday at MeadowWood.
MeadowWood’s sales office, at 12205 Flatlands Ave., is open Monday through Friday from 9 a.m. to 9 p.m. and from 10 a.m. to 7 p.m. on Saturdays and Sundays.