Photo credit: Getty / Dave Kotinsky
Hip-hop icon, Queen Latifah is doing QUEEN things!
She recently became an investor in several affordable multifamily town homes.
According to NJ.com, Queen Latifah is for her people in Newark, New Jersey! Latifah is currently a co-president of BlueSugar Corporation, who has partnered GonSosa Development for the project. The project is scheduled to break ground this summer!
The $14 million-dollar project will be 60 units, and an additional 16 units. The blueprint for the building includes a fitness center, and a commercial space that would be available to be rented for nonprofits.
The units will be at market rate, making them affordable.
Rent will start at $1,8000 a month, and will be priced according to a person’s income.
The units are expected to open in December 2020, and be completed in December 2021.
Queen Latifah, a Newark native, was raised in East Orange, and has much pride in her hometown. Last May, Latifah told graduating students at Rutgers-Newark, “I couldn’t be more proud to be one of Newark’s own today, this is home.”