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Splash still has a website up, and you can pretty much determine the direction they'd have gone if all went as planned. The Washington Business Journal article notes that Splash owners sought "to lure the 'sexiest' female bartenders. Women must submit a head shot, two full-body photos and a resume to the company." Quality service was obviously the first priority. Along with food. Funnel cakes and chicken wings encompassed the extreme of culinary experimentation for this place.
Anyway, it certainly appears that a restaurant will be opening in that space, but it won't be Splash. The moniker says Sawah Diner. I really have no idea of the cuisine, motif or price points. Feel free to enlighten me as to what Sawah Diner might entail. My best guess is Indonesian, other Southeast Asian or Middle Eastern. Can't say I regret not having the likes of Splash around. If he owners are determined, they will find a suitable location. More info on Sawah when it become available.