URGENT UPDATE: Tyra Banks is embroiled in a high-stakes lawsuit demanding $2.8 million linked to her ice cream shop venture, Smize & Dream, in Washington, D.C. The lawsuit was filed by landlord Christopher Powell, who accuses Banks and her partner Louis Martin of abandoning a signed lease agreement in the city’s Eastern Market neighborhood.
According to the allegations, Banks and Martin signed a 10-year lease in April 2024, but by June 2024, they reportedly vacated the premises. Powell claims the duo redirected their focus to a new location in Sydney, Australia, leaving him to face what he describes as a significant breach of contract. The legal action underscores Powell’s assertion that he incurred “deep financial loss” after making substantial investments and declining offers from other potential tenants.
Adding to the drama, the team launched a Smize & Dream pop-up shop nearby, which was even attended by Vice President Kamala Harris, while still under the lease. Powell is demanding back rent and future monthly payments, totaling the staggering $2.8 million.
The legal filings from Banks and Martin’s defense label the lawsuit as “meritless,” suggesting it is an attempt by Powell to extort funds. They argue that the claims focus on School of SMiZE LLC, rather than Banks and Martin personally. Furthermore, they cite “myriad mechanical, electrical, and plumbing deficiencies” at the property, estimating repair costs at $980,000, which they claim contributed to their withdrawal from the lease.
Powell’s attorney, Arziki Adamu, is expected to respond to the defense’s motion to dismiss by December 30. As of now, Powell’s legal team has not provided additional comments, leaving this contentious dispute in the hands of the court.
This lawsuit not only signifies a potential financial setback for Banks but also raises questions about her future business ventures. With the stakes high and the outcome uncertain, all eyes are on the upcoming court hearings as the legal battle unfolds. Stay tuned for further updates on this developing story.
