Greenspan Mall to Add Homes in Major Mixed-Use Transformation Shift
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A major Nairobi shopping mall is turning into a full live-work-residential hub. The Greenspan Mall redevelopment signals a broader shift as landlords unlock value from underused urban land.
Greenspan Mall in Nairobi’s Donholm area is set to undergo a major transformation as its owner moves to introduce residential units within the existing retail complex. The redevelopment is part of a broader strategy by ILAM Fahari REIT to reposition the property into a fully mixed-use development combining retail, office, and housing.
The shift reflects a growing trend among commercial property owners to maximize underutilized land within established malls. By adding housing, the project aims to boost long-term rental income and improve overall asset performance.
The mall, already one of the key retail hubs in the area, is expected to see enhanced value through the integration of residential spaces that support foot traffic and demand for services. This approach mirrors similar mixed-use redevelopments across major African cities.
If approved and implemented, the project will mark a significant milestone in the evolution of Donholm’s urban landscape, turning a traditional shopping center into a live-work community hub.