Daewoo E&C makes US comeback with New Jersey housing project

Daewoo Engineering & Construction is committing nearly $300 million to a residential housing project in New Jersey, marking its return to the US property market after nearly two decades as it works to build a long-term development platform in North America.

The builder said Friday it will invest $291 million to build an 18-story, 540-unit apartment complex in Palisades Park, a Bergen County borough that is home to a large Korean American community.

The complex will also have retail space and par ...