The bar, which will open on 30 June, is described by the company as having a "chic, all-day, all-night mentality" and is the group's first attempt at a cocktail and shooter bar.
Living Ventures stressed that the bar would have a strict door policy, commenting that 'the right clientele creates the right atmosphere'.
The company is hoping to open a second site in Manchester.
An Edinburgh outlet of the Living Room is due to open in July. Other Living Rooms are to follow in Chester, Newcastle and another one in London.