BREAKING: Tyra Banks is facing an urgent legal battle as a Washington, D.C. landlord has filed a $2.8 million lawsuit against her over a collapsed lease agreement for her ice cream venture, Smize & Dream. Landlord Christopher Powell claims that Banks and business partner Louis Martin abandoned their ten-year lease in the Eastern Market neighborhood, leaving him with significant financial losses.
The lawsuit, reported by NBC Washington, asserts that Banks and Martin reneged on their contract after formally signing the lease in April 2024. Powell alleges the duo vacated the premises in June 2024, redirecting their efforts to a new location in Sydney, Australia, despite successfully launching a pop-up shop in D.C. during the lease’s active period. This pop-up event, attended by Vice President Kamala Harris, raises questions about their commitment to the original lease.
Powell’s legal filing highlights the extensive preparation and financial investment he made, indicating he turned down other tenants in anticipation of their business. He claims this has resulted in “deep financial loss,” necessitating the lawsuit to recover damages.
“This lawsuit is a desperate attempt to extort money from us,” stated Banks and Martin’s legal team, describing Powell’s claims as meritless.
The defense argues that the lawsuit’s focus is on School of SMiZE LLC, rather than Banks and Martin individually. Moreover, they raised concerns about the property itself, citing “myriad mechanical, electrical, and plumbing deficiencies” that were not in “good working order.” These issues reportedly would require around $980,000 in repairs, influencing their decision to withdraw from the lease.
The court documents reveal that Powell is seeking back rent and future monthly payments, contributing to the substantial total of $2.8 million. His attorney, Arziki Adamu, is expected to respond to the motion to dismiss filed by Banks and Martin’s team by December 30.
As this legal dispute unfolds, the implications for Banks’ business endeavors are significant. The outcome could impact her reputation and future ventures, especially within the competitive food and beverage industry. The public is awaiting further developments as both sides prepare for what could become a contentious court battle.
Updates will follow as more information becomes available regarding this evolving situation, and both parties brace for a potential courtroom showdown.
