The move follows plans for the redevelopment of the site at 3 Toft Green falling through due to the scheme’s project managers being unable to raise the necessary capital for it last autumn.
The site is close to York Station and opposite the Hudson Quarter development and the council offices.
Toft Green Developments, who bought the venue from bar group Tokyo Industries, who own The Impossible Tearooms, restaurant bar and motel in the city centre, in June 2018 for £2million.
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