Superior Homes plans to build 3,000 houses targeting the middle class citizens.
Investors avoid long-term investments, awaiting poll outcomes.
The Beacon will be the biggest shopping mall on the sideline of Nairobi CBD.
Upper Hill is becoming unpopular due to heavy congestion in the area.
The first bunch of hostels will be built nearby Strathmore, USIU-Africa and Daystar.
In February, Yapi Merkezi and Mota-Engil Africa were hired for the project.
The signing of the deal will enable the contractor to kick off works by January next year.
The re-introduction of toll stations is, however, likely to face huge legal encounters.
Kenya has recently embarked on projects aimed at opening up the northern corridor.
Previously, it was extremely hard to find land being advertised in Muthaiga.
Talks are underway for China to fund a new highway and rail extension.
The Chinese-funded Orpower 22 power plant will take 17 months to complete.
Bedsitters will rent for Sh3,200 per month on a 30-year rent-to-own plan.