But IDM may not finalize the new tenants until the beginning of January, Healer said.
The building's development process has been the main focus of IDM's discussions, Healer said.
"We recently decided that we are going to have three tenants on the ground floor, rather than one large tenant to occupy the entire building" Healer said. "Who those tenants will be, we just don't know yet."
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At a bustling Grafton Street early yesterday evening, customers say they were pleased to hear that the restaurant has a hope of remaining in the Square.
"I come here about once a month, and I'd just hate to see it disappear," said Anselm Snodgrass of Gardner Street, Cambridge, as left the restaurant yesterday evening.