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PRP Real Assets has announced plans to introduce a new steakhouse and events venue at Market Square, the two-building complex it acquired last year in downtown Washington, D.C. The development is located at the Archives-Navy Memorial-Penn Quarter Metro station.
The firm has signed a lease with Lettuce Entertain You Restaurants, which will bring two new concepts—RPM Steak and RPM Events—to the eastern building at 701 Pennsylvania Avenue NW. The combined venues will encompass 14,700 square feet of space and are scheduled to open in 2027.
“We’re thrilled to have been part of the D.C. hospitality scene for over two decades, and we’re excited to bring RPM Steak and RPM Events to this vibrant market,” said R.J. Melman, President and CEO of Lettuce Entertain You Restaurants.
Paul C. Dougherty, President of PRP Real Assets, added, “This 14,700-square-foot, street-level flagship will bring one of the country’s most respected dining brands to the District, with interiors by world-renowned architect David Collins Studio and culinary direction from Executive Chef Partner Bob Broskey.”
This collaboration promises to enhance the downtown D.C. dining and events scene, further contributing to the area’s revitalization.
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