Cytonn Investments has commenced construction of a Sh15 billion housing estate in Ruiru sub-county, Kiambu county.
Dubbed RiverRun Estate, the development sits on 100 acres and is bordered by a road and a dam. It is expected to take at least four years to complete.
RiverRun was launched in June last year and has received good reception, with Cyntonn managers saying that 35 per cent of the homes have already been sold out. Once complete, RiveRun will have 1, 150 units.
The initial construction of 120 units will comprise a school, a retail centre and a four-star hotel. The hotel will face the dam, which will have an in built water park.
Residential buildings will include at least 500 villas and 600 two- and three-bedroom apartments. The units will be going for between Sh12 and Sh50 million.
Cytonn’s managers said the project will offer at least 2, 500 jobs, 20 per cent of which may be reserved for the local workers. Kiambu Governor Ferdinand Waititu applauded the move, saying that it will offer many opportunities to the county.
“I will lobby employment opportunities for Kiambu youth and I appeal to young people from Ruiru to grab the opportunity,” said Waititu. The governor said his government will construct a road from the project site to the main road.
Among other benefits, the locals will get access to a new road and business opportunities such as grocery shops which will be reserved for locally grown vegetables.
The construction of the RiverRun estate will be an addition to other developments of Cytonn in Kiambu county – The Alma, The Ridge and Taraji Heights.