Icebergs restaurateur Maurice Terzini makes a move into Sydney's CBD

Is Icebergs Dining Room and Bar restaurateur Maurice Terzini's long-held ambitions for a CBD restaurant set to finally be fulfilled?

The redeveloped site of Sydney icon Jackson's on George has been one of the most hotly contested properties in the city, and now part of Lendlease's massive Circular Quay development, Sydney Place.

The multi-level space features a ground floor gastropub, a bistro-restaurant on the next floor up and a rooftop bar.

Those familiar with the process say Terzini and his business partner's pitch was a standout, and a conditional deal was inked in the past week.

The restaurateur and Lendlease could not be reached for comment. It is expected to open early next year.