What will $72,000 get you? The first year’s membership at the Core Club ($60,000 initiation fee), but only if you’re invited. I was asked recently if I had photos of the Core Club, so I decided to investigate. The club was started in 2005 by Jennie Saunders and is located in the first five floors at 66 East 55th Street. The sleek building, Park Avenue Place, is a luxury condominium in Manhattan’s Upper East Side, designed by Kohn Pedersen Fox. Original investors gave $100,000 each, with an understanding that this would be paid back at some time.
I did enter the reception area with its Damien Hirst spin painting and was greeted with a polite welcome. I was not permitted a tour or photos of the inside, of course.
I have tired of “exclusive” clubs in this city. This is not the green of jealousy raising its head here. In the 1980s, I was privy to entry of many music clubs that had a policy of exclusion and selection. Throngs would gather outside these clubs, hoping to be selected for the privilege of entry. Studio 54, Xenon, the Mud Club, Area, Palladium, Peppermint Lounge, Danceteria, et al. At the time, I had a coworker who was well connected, and I was frequently put on the guest list. Often, I entered a club with huge numbers outside clamoring to get in, only to find a dance floor virtually devoid of people. Boring. The illusion of extreme importance was the thing being sold to cultivate an urgency and lust for entry.
Now I am sure that the Core Club is not as vacuous a cultural experience as a night at Studio 54, but I question how many real movers and shakers want to hobnob in a private club. The Core Club did reel in some big names initially: John McEnroe, Richard Meier, Vernon Jordan, Steve Schwarzman, Bruce Wasserstein, and Teddy Forstmann. There is a library compiled by a veteran of the Paris Revue. The place also features a screening room, gym, and restaurant headed by Tom Colicchio. But aren’t people in this social strata already well connected and busy, with a rich social and cultural life? I could see a place like this of interest to a member of the nouveau riche who is early in the image game and needs affirmation that he/she is someone or has arrived.
My feelings were confirmed this morning as I read an article from November 2008. Apparently the club is having difficulty in repaying the initial seed money. Numbers were not what they anticipated. Memberships were given at reduced prices to attract certain individuals…














