The company behind A Taste of Urbanspace in Tysons Galleria is facing a lawsuit for allegedly stealing a retail brokerage firm’s “intellectual capital.”
District Equities filed a lawsuit Monday alleging that Urbanspace Tysons LLC, “entered into an agreement with District Equities to help find retail vendors for the food hall, utilized the brokerage firm’s proprietary market knowledge and business relationships, and then terminated the agreement,” Bisnow reported.
District Equities was started by Great Falls resident Steve Gaudio in 2015.
The two companies worked together from the fall until Urbanspace terminated District Equities’ agreement, activating the noncompete clause that said District Equities cannot work on another food hall for two years, the article said.
District Equities “says the damages would be at least $75,000, a threshold that gives it jurisdiction in the U.S. District Court for the Eastern District of Virginia,” according to the Bisnow article.
Urbanspace Tysons LLC opened A Taste of Urbanspace in December, replacing celebrity chef Mike Isabella’s series of restaurants known as Isabella Eatery.
Recently, A Taste of Urbanspace has seen some changes.