Tower One is owned by the Gilanis group of companies.
Several skyscrapers are currently under construction or in planning stages across the city.
Developers are now shifting their focus to the low cost housing market segment.
Turkish manufacturers are eager to partner with Kenyans to promote their products.
The facility will be located about 100 metres from Garden City Mall.
The New Kisii City seeks to address the region's housing shortage.
Investors are rolling out dozens of projects targeting middle income and lower income earners.
China Wu Yi is setting up a Sh3.8 billion construction materials factory in Nairobi.
The building will be taller than the recently completed 163-metres-high UAP Tower.
Investors are trying to recoup some returns to meet their financial obligations.