A mega waterfront commercial site in Hong Kong’s Quarry Bay that has been left idle for nearly two decades by a now-bankrupt local businessman may finally be poised for a revival. The current owner, Marine Riches, majority owned by Seoul-based private equity group MBK Partners, had applied to amend plans for the site to the Town Planning Board – a move that came amid signs of recovery in Hong Kong’s retail sector and property market. Marine Riches proposed to build a mixed-use development...