UPDATE: Modeling icon and entrepreneur Tyra Banks is facing a staggering $2.8 million lawsuit linked to her Smize & Dream ice cream shop from Washington, D.C. landlord Christopher Powell. The lawsuit, filed earlier today, alleges that Banks and her business partner, Louis Martin, abandoned a crucial 10-year lease agreement for a prime location in the city’s Eastern Market.
According to sources, Powell claims that the pair vacated the leased premises in June 2024, redirecting their efforts to a new site in Sydney, Australia. This abrupt decision left Powell grappling with what he describes as a clear breach of contract.
The lease for the Eastern Market location was signed in April 2024, and Powell points to a pop-up shop event that took place nearby, attended by Vice President Kamala Harris, as evidence that the project was still active during the lease period. Powell asserts that he made significant investments, including substantial planning and rejecting other tenants, which he claims has resulted in “deep financial loss” and necessitated this urgent legal action.
In response, the legal team for Banks and Martin has described the lawsuit as meritless, accusing Powell of attempting to extort money from them. Their defense highlights that Powell’s claims are centered on School of SMiZE LLC, not directly against Banks and Martin as individuals. They also raised concerns regarding the property itself, citing numerous “mechanical, electrical, and plumbing deficiencies” that were not in “good working order.” The defense estimates that it would take approximately $980,000 in repairs to address these issues, influencing their decision to withdraw from the lease.
Court documents reveal that Powell is demanding back rent and future monthly payments, which contribute to the hefty lawsuit sum. Powell’s attorney, Arziki Adamu, is expected to respond to a motion to dismiss from Banks and Martin’s team by December 30.
The dispute is intensifying as both parties prepare for the next steps in this ongoing legal battle. With the financial stakes high and significant investments on the line, the outcome of this lawsuit could have lasting implications for both Banks’ business ventures and Powell’s financial recovery. As this story develops, updates will be provided to keep readers informed of the latest happenings.
