88 Nairobi Condominium Tower
44-storey luxury residential skyscraper under construction in the Upper Hill of Nairobi
01°17′41″S 36°48′31″E / 1.29472°S 36.80861°E / -1.29472; 36.80861
88 Nairobi Condominium is a 44-storey residential skyscraper [1][2][3] under construction in the Upper Hill neighbourhood of Nairobi, the capital and largest city of Kenya. When completed it is expected to become the tallest residential structure [4][5] in Sub Saharan Africa.
Location
The building would be located on a 1 acre (4,000 m2) plot of land, along Fourth Ngong Avenue, in the Upper Hill neighbourhood of Nairobi, approximately 3.5 kilometres (2 mi), south-west of the city's central business district.
Overview
The 88 Nairobi Condominium is owned by Lordship Africa, a real estate investment and development firm, based in Nairobi. The firm, is a subsidiary of the Lordship Group, a real estate conglomerate, headquartered in Central Europe.
The development is expected to provide over 15,000 square feet (1,394 m2) of rentable residential space and approximately 18,000 square feet (1,672 m2) of garden space.
Amenities
Other amenities include a convenience store, a 150-seat branded restaurant, Spa and Gym, Meeting and Business centre, Three resident Bars, Lavish Communal Lounge, a heated indoor swimming pool on the 31st floor, and parking space for 518 vehicles. There will be a total of 288 luxury condominiums in the development.[6]
There are four apartment plans in the building: (a) the one-bedroom executive plan (b) the two-bedroom executive-plus plan (c) Duplex, and (d) the penthouse plans, of three and four bedrooms, available on the 40th floor and above. All units will be fully furnished.
Target clientele
The target clientele is the estimated 40,000 executives and corporate employees working in the Upper Hill neighbourhood, which lacked executive residential apartments, as of February 2018.
The development would cut down on commute times and reduce the use of motorized transportation, as some executives might choose to walk to and from work.
Construction & Funding
The construction budget is set at KSh5 billion (approx. US$50 million), raised through, debt, equity, and unit sales.
Construction kicked off in 2018,[7][8][9] with completion approximated for 2023. The completion was then postponed to the first quarter of 2025. This was attributed to manifold construction and material stocking issues.
See also
References
- ^ Construction Kenya Showcase, 13 Sept 2021: 88 Nairobi will be Kenya’s Tallest Residential Building
- ^ Sky Scraper Center, 19 Mar 2019 88 Nairobi
- ^ Estate Intel, Aug 2020 88 Nairobi
- ^ Pulse Live, 6 Feb 2018: Here is what Africa's tallest residential luxury tower to be built in Nairobi looks like (Photos)
- ^ Business Daily, 7 Feb 2018: Rental unit in Nairobi’s tallest tower will set you back Sh480,000
- ^ Business Daily, 5 Feb 2018 Nairobi set for 44-floor luxury residential tower
- ^ Construction Kenya, 7 Mar 2020: Work to begin on Sh5.2bn Nairobi condominium tower
- ^ Business Daily, 6 Feb 2018 Nairobi developer breaks ground on tallest residential apartments in Africa
- ^ The Standard. 4 Mar 2021 Luxury residential tower goes ahead despite glut
External links
- ^ "Floor Plans – 88 Nairobi".
