The Blue Marlin restaurant will close on June 30 ending a 29-year run on the Capitol Square.
Blue Marlin owner Chuck Taylor, 66, has owned the restaurant for the last 10 years but said he is ready to retire.
"It's been a great run for me," he said. "Now somebody else can enjoy this great spot."
A new restaurant called Hamilton's on the Square will occupy the space at 101 N. Hamilton St. if it can secure a liquor license from the city's Alcohol License Review Committee. The hearing is scheduled for July 7.
Joshua Kregness, 28, who previously was an owner in the Free House Pub in Middleton, said his new restaurant will feature creative lunch fare and late night dining.
Sample lunch menu items included in its application listed flatbreads; a variety of sandwiches including eggplant Parmesan, prime rib and stuffed grilled cheese; and a selection of salads ranging from roast chicken to a rainbow beet salad. Dinner will focus on small shared plates; specific menu items are still being developed but could include dishes like ceviche, mussels, lamb sliders and glazed pork skewers.
"I'm nervous but excited nervous," Kregness said. "It's a great location and I'm proud to have a chance at it."