Real estate company HassConsult has launched Ksh 5 billion mixed-use up-market development on Riverside Drive targeting bohemian ‘urbanites’.
Dubbed the Riverside Square, the project is expected to be completed in 2 years time.
“The project will be implemented in phases with the Upper East and Lower East quadrants of the residential development set to commence in Q2, 2019. The first phase is anticipated to take 20-24 months to complete.”
HassConsult Research and Development Consulting head Sakinah Hassanali said, “As development managers, we have led the way in financial models and market positioning in Kenya for over two decades. During that time, the real estate market has become more sophisticated, where only carefully thought through investments with clear and underserved target markets know to sell rapidly.”
She said the apartments are suitable for bohemian ‘urbanites’ with a sizable disposal income who appreciate the finer things in life and thrive in an artistic environment.
“This is a demand-driven development that looks into filling a services gap for Riverside community, mostly comprising diplomats, politicians, expatriates as affluent Kenyans. They need a mall, a restaurant, more offices, banks and residences all packaged as one product,” said Ms Hassanali.
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Riverside Square is a large scale mixed-used property which deviates from Has Consult’s other projects that it has worked on which are largely residential.
Set on 3 acres in an incredible locale, the development offers 18,000 sq. ft. of neighborhood shops, prime office space and residential apartments, all interspersed with upscale leisure facilities.
Riverside Square project brings together has 4 different landowners in a partnership to offer a neighborhood with shops, prime office space, and residential apartments, with upscale leisure facilities.
Upper West Side
The Upper West Side at Riverside Square will host two floors of retail shops, a supermarket, cafes, restaurants and convenience stores to serve everyday needs of residents. 11 floors of office space above will provide Grade A office suites for businesses of varying sizes.
Lower West Side
The Lower West Side is home to 1 and 2-bed apartments targeting individuals and small families who will benefit from lifestyle facilities.
Upper East Side
A signature bridge connects the Lower West Side to the Upper East Side, fusing together the elements of this townscape. The Upper East Side is home to 1 and 2-bed apartments, as well as 3 and 4-bed penthouse duplexes.
Lower East Side
The Lower Eastside is a homely collection of 3-bed apartments that are ideal for growing families.