TF400324: Team Foundation services are not available from server in Visual Studio 2012

According to this blog the solution is (and Yes it worked for me)

  1. Close all instances of Visual Studio
  2. Open the Task Manager and check if any TFS Services are running.
    Select each of them and click on End Process Tree
    (in my case I did not find any of them to End)
  3. Browse to the folder %LocalAppData%\Microsoft\Team Foundation\

    and then select the folder with your TFS version and go inside the Cache folder.
    for example, in my machine the path was %LocalAppData%\Microsoft\Team Foundation\7.0\Cache and it should be the same on your machine with the difference of the TFS version folder name.
  4. Delete everything in that Cache folder.
  5. Start Visual Studio and build the project

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