Dana Owens, aka Queen Latifah, is investing in a Newark neighborhood spanning the West and South Wards where the star recently received approval to develop a mixed-use building.

The yet-to-be-named project, in the area of Springfield Avenue and South 17th Street, is a partnership between BlueSugar Corp. and GonSosa Development. The developers have already received Planning Board approval to convert 18 lots into five to build 76 residential units.

Plans call for the construction of 20 three-family town homes to be rented at market rate and a three-story building featuring 16 affordable housing units that will also accommodate a fitness center for residents. The latter property will be a mixed-use building that will include 1,900 square feet of commercial rental space on the ground level to be leased to nonprofits serving the community.

According to a press release, market rate rentals will start at around $1,800. Pricing for affordable housing will be variable and income-based.

Construction will be completed in three phases with the 60-unit development scheduled for completion by December 2020, and the 16-unit, mixed use buildings in December 2021.

BlueSugar Corp. was founded with the hope to redevelop and revitalize neighborhoods across the country that have experienced economic downturns. Tammy Hammond, vice president, spearheaded the project with GS Development, the company’s first, in which Owens serves as a silent investor.

GS Development’s Alberto Goncalves and Ricardo Sosa have helped to develop or rehabilitate more than 1,000 rental and condominium units and one million square feet of commercial properties throughout the Northeastern United States. They are experienced in land acquisition and experts in zoning, financing and regulations.