Russell Norman, the man behind Polpo and Polpetto, has walked away from a property deal for his third restaurant after eight months of talks.
However, the deal has fallen through at the 11th hour, and BigHospitality understands Norman's holding company Polpo has incurred losses of about £8,000 from the aborted deal.
A spokeswoman for Norman said: “The deal for a site on Rupert Street had taken at least eight months and it was decided that it would be best not to proceed.
“Russell will still be opening Spuntino, and he is actively looking for a new site.”
Spuntino will serve a New York inspired Italian menu, and will feature an interior designed by Norman himself.
The former operations director of Caprice Holdings has won rave reviews for his first two solo ventures, Polpo in Beak Street and Polpetto, above The French House in Dean Street.
Martyn Leek is news editor of BigHospitality's sister publication M&C Report.