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Cytonn Tower vs Britam Tower
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Stiffler
#11 Posted : Sunday, April 15, 2018 3:02:41 PM
Rank: Member

Joined: 11/7/2017
Posts: 186
Location: Nairobi
wukan wrote:
Realtreaty wrote:
Pesa Nane wrote:
Such people should be heavily penalized by the court an amount equivalent to delayed expenses. Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance It is time Kenyan courts did their work and issue heavy penalties to pretenders.
I took a walk/drive around Nairobi and have to admit things are changing so fast in the real estate the old low rise nairobi will eventually fade away. The old model of single dwelling houses does not seem to appeal to younger nairobians. They want flats and apartments and car-centric city. I don't think the water, roads, sewer infrastructure in kili and lavi can accommodate all that additional highrises.
Yes. The Hazina Towers faced a similar challenge. Packing space and effect of such an investment on the general traffic flow around the area. So the question is should we hold back on investments simply because we fear the existing infrastructure might be inadequate. Or should we be thinking of how to improve the existing infrastructure to support future developments
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shocks
#12 Posted : Sunday, April 15, 2018 5:11:24 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
Realtreaty wrote:
Pesa Nane wrote:
Such people should be heavily penalized by the court an amount equivalent to delayed expenses. Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance It is time Kenyan courts did their work and issue heavy penalties to pretenders.
He is the owner of cavina school, he is afraid the tower and the traffic it will attract will kill his school
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Gathige
#13 Posted : Sunday, April 15, 2018 6:53:18 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
Stiffler wrote:
wukan wrote:
Realtreaty wrote:
Pesa Nane wrote:
Such people should be heavily penalized by the court an amount equivalent to delayed expenses. Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance It is time Kenyan courts did their work and issue heavy penalties to pretenders.
I took a walk/drive around Nairobi and have to admit things are changing so fast in the real estate the old low rise nairobi will eventually fade away. The old model of single dwelling houses does not seem to appeal to younger nairobians. They want flats and apartments and car-centric city. I don't think the water, roads, sewer infrastructure in kili and lavi can accommodate all that additional highrises.
Yes. The Hazina Towers faced a similar challenge. Packing space and effect of such an investment on the general traffic flow around the area. So the question is should we hold back on investments simply because we fear the existing infrastructure might be inadequate. Or should we be thinking of how to improve the existing infrastructure to support future developments
In order of precedence, problems comes first and solutions to resolve them are found. If there were solutions for everything first, nothing would ever be done.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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Realtreaty
#14 Posted : Sunday, April 15, 2018 6:55:10 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,389
shocks wrote:
Realtreaty wrote:
Pesa Nane wrote:
Such people should be heavily penalized by the court an amount equivalent to delayed expenses. Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance It is time Kenyan courts did their work and issue heavy penalties to pretenders.
He is the owner of cavina school, he is afraid the tower and the traffic it will attract will kill his school
d'oh! d'oh! So the world should stop for him and his school. Wish the court fine him dearly.
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Ericsson
#15 Posted : Sunday, April 15, 2018 7:46:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
The problem is the zoning laws by Nairobi County government. Kilimani as it is there is no plan,houses,offices, houses. The place where there seems to be a plan is upper hill
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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KulaRaha
#16 Posted : Monday, April 16, 2018 9:22:45 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Madness to build that in Kilimani...anyways its Cytonn...nothing will materialise.
Business opportunities are like buses,there's always another one coming
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Speculz
#17 Posted : Monday, April 16, 2018 11:41:29 AM
Rank: Member

Joined: 5/6/2011
Posts: 391
Location: Nairobi
Realtreaty wrote:
Pesa Nane wrote:
Such people should be heavily penalized by the court an amount equivalent to delayed expenses. Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance It is time Kenyan courts did their work and issue heavy penalties to pretenders.
Visit Kilimani when it rains , infrastructure should be upgraded first , everyone is busy putting up buildings with no infrastructure upgrades to support the same.
"You can't have everything. Where would you put it?" - Stephen Wright
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wukan
#18 Posted : Monday, April 16, 2018 11:54:40 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Ericsson wrote:
The problem is the zoning laws by Nairobi County government. Kilimani as it is there is no plan,houses,offices, houses. The place where there seems to be a plan is upper hill
Kilimani was re-zoned to allow for flats and commercial use to decongest CBD but the infrastructure was not upgraded to match the higher density. Upper hill was planned as a small financial district which is why it appears better organized. Kilimani residents rejected the project and the Cytonn guys walked out on the residents. The drama continues...
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Pesa Nane
#19 Posted : Monday, April 16, 2018 12:28:08 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
wukan wrote:
Ericsson wrote:
The problem is the zoning laws by Nairobi County government. Kilimani as it is there is no plan,houses,offices, houses. The place where there seems to be a plan is upper hill
Kilimani was re-zoned to allow for flats and commercial use to decongest CBD but the infrastructure was not upgraded to match the higher density. Upper hill was planned as a small financial district which is why it appears better organized. Kilimani residents rejected the project and the Cytonn guys walked out on the residents. The drama continues...
In such a scenario, what happens to the numerous investors who have been binge buying since the launch last year?
Pesa Nane plans to be shilingi when he grows up.
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wukan
#20 Posted : Monday, April 16, 2018 1:22:01 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Pesa Nane wrote:
wukan wrote:
Ericsson wrote:
The problem is the zoning laws by Nairobi County government. Kilimani as it is there is no plan,houses,offices, houses. The place where there seems to be a plan is upper hill
Kilimani was re-zoned to allow for flats and commercial use to decongest CBD but the infrastructure was not upgraded to match the higher density. Upper hill was planned as a small financial district which is why it appears better organized. Kilimani residents rejected the project and the Cytonn guys walked out on the residents. The drama continues...
In such a scenario, what happens to the numerous buyers who have been buying since the launch last year?
The buyers have to wait until the zoning fight is over which means the Nairobi county, NEMA, KURA etc approve the project. Zoning quarrels are not easy to resolve that's why a developer hires project consultants to deal with all the challenges. The buyers can opt to wait it out because they are getting prime real estate or they give up and demand a refund of their cash in which case the project collapses. The residents can also decide to quit the area by starting to sell off their properties which either devalues the area(e.g. in Karen when it was re-zoned to allow 0.5 acres) or completely changes the character of the neighborhood(e.g. Eastleigh where original landowners sold out). Cytonn is not being diplomatic and those residents are also deep pocketed so it's a wait and see.
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