Cotton Tree’s latest development on track as low stock pushes demand

first_imgThe George on George Street, Cotton Tree is on track both with construction and sales, as low stock in the area pushes demand.A MAJOR development in the heart of Cotton Tree on the Sunshine Coast is powering ahead with the third of six slabs poured as construction remains on track amid high sales demand.The $6.5 million The George will have 18 two-bedroom apartments, 1,000sq m of commercial space and 250sq m of retail space.Being developed by Eurolaw and constructed by RCQ Construction, the concrete pour on the third level is where a large commercial space and amenity facility will sit on completion.RCQ Construction general manger Gavin Wuiske said he was delighted with the progress of the build to date, which started in December last year.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoThe George on George Street, Cotton Tree.“The top three levels of the building, which was designed by local architect Paul Braithwaite from Sprout Architects, will house residential apartments ― some with water views to the Maroochy River mouth and the remainder with views over to the new CBD,” Mr Wuiske said.Selling agent Damien Said from Century 21 said that sales in The George had been strong with five of the apartments selling prior to construction starting.“There are six apartments per floor over levels four, five and six; all with good size balconies and high level finishes including stone benchtops, quality appliances in the kitchen as well as air conditioning throughout,” he said.“It’s no surprise that the response has been so positive as there isn’t much new stock available walking distance from both the beach and the Maroochydore CBD, which will soon be the heart of the Sunshine Coast business community.“The George doesn’t only make sense from a lifestyle perspective; it also ticks all the boxes as an investment given the significant growth we expect in the Maroochydore area as the CBD comes into its own.”Prices at The George start from $425,000 for two-bedroom, two-bathroom apartments.last_img

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