The office block adopts green architecture.
Donald Trump, who has golf resorts around the world, is among 43 other interested parties.
The investors are required to complete the project over a maximum of six years.
The concept is gaining popularity in Mombasa and Malindi.
The masterplan proposes the creation of more than a dozen commercial centres.
The new houses will be built using the Expanded Polystyrene (EPS) technology.
The homes, costing Sh1m for a two-bedroom unit, will be built on 1,000 acres in Athi River.
The one bedroom apartments will be sold for as low as Sh2 million.
The Sh4.5 billion project will be completed in the next two years.
Nairobi has enjoyed a construction boom over the past five years.