The new 9,500 sq ft development will be set within the grade A listed Edinburgh Grand (the former RBS headquarters) on St Andrew Square, and will encompass a contemporary restaurant for 200 covers and two bars.
"Our luxury restaurant and bar offering will have a Scottish influence at its heart and will make a significant contribution to Edinburgh’s vibrant food and drink scene.”
The new restaurant and bar will form part of The Registers, a premium development by the Chris Stewart Group which hopes to create a new city centre destination for residents, visitors, tourists and office occupiers.
The Di Maggio's Restaurant Group, which also owns the Andaluz, Barolo and The Anchorline brands, says the new offering will be housed within the double height former banking hall and will "showcase the history of the building" and its "neoclassical and art deco original features".
The group previously undertook a significant refurbishment in an historic building with its £1.5m development of The Anchorline, transforming the former ticket office of the Anchor Shipping Line in Glasgow’s Vincent Place into a premium restaurant and bar.
Tony Conetta, managing director of DRG, Scotland’s largest independent restaurant group, commented: “This is an incredibly exciting project for us, in both an iconic building and location.
"The Edinburgh Grand’s banking hall is rich in history, both for the capital and Scotland as a whole, and by carefully retaining and restoring the many original features we will bring this heritage to life. Our luxury restaurant and bar offering will have a Scottish influence at its heart and will make a significant contribution to Edinburgh’s vibrant food and drink scene.”
Chris Stewart, CEO of real estate company Chris Stewart Group commented: “The ambition The DRG has for the space both in terms of design and quality offering is a perfect fit for The Registers, and we are delighted to welcome them as tenants.
"The building at 42 St Andrew Square is magnificent and as home to The Edinburgh Grand serviced apartments and now The DRG flagship restaurant, it will create a huge draw to this part of Edinburgh’s City Centre. With a new pedestrianised area and public spaces, we are rejuvenating a once neglected area to make something special.”