Latest news with #CasaCipriani
New York Post
7 days ago
- Business
- New York Post
Why NYC's most exclusive social clubs are hot with investors
Not since the 19th century have New Yorkers been so keen on clubs. Suddenly, everybody who is anybody has joined up with a schmoozy society outlet catering to seemingly every interest and income bracket — from Casa Cipriani for the social set, to the Leash Club for canine parents. Even the old guard along West 44th Street, aka Club Row, as well as other yesteryear organizations like the National Arts Club, Lotos Club and University Club, are attracting fresh faces anew. 'I'm a wonderful guest at most of the city's clubs, but I tend to be drawn to the old-school clubs of New York where you are stepping back in time,' said residential broker Mike Fabbri of the Agency, who lives in Gramercy Park and is joining the nearby National Arts Club. 'After COVID, there's been a resurgence of people wanting to belong and have a community.' 5 Even heritage haunts like the National Arts Clubs are booming. Getty Images for The National Arts Club But it's not just a spirit of bonhomie or overcrowded restaurants that are driving New Yorkers into exclusive sets — it's smart money. Unlike a typical restaurant, bar or gathering space, a membership model allows founders and operators to avoid taxes. That's because social clubs are considered nonprofits, where the Benjamins remain in the club's pockets and fund member benefits. As long as earnings aren't used to the private benefit of any particular person, a club is in the clear per the IRS. Better still, 35% of a social club's revenue can even come from non-member sources, including investment income. But taxes must be paid on up to 15% of the income from non-members who are not a guest of members — i.e. public walk-ins. And there's absolutely nothing on this earth that real estate investors love more than saving on taxes. Financier John Paulson, who recently purchased the storied Princeton Club's defaulted mortgage, told Page Six he may turn it into a place for 'vibrant 20- and 30-year-olds' as 'their place to go.' And no wonder Jeff Klein dropped $130 million to build out the new 'it' club, the San Vicente West Village in the Jane Hotel. 5 The new San Vicente West Village club cost $130 million. Helayne Seidman Initiation costs a reported $3,200 to $15,000 with annual dues of $1,800 to $4,200 depending on age. 'We've gotten a lot of inquiries from social clubs for properties we represent,' said Lee Block of RTL (previously Winick). 'There's a lot of activity for that in the city.' London's celebrity haunt Anabelle's opened in 1963 and has had several iterations. But the founder's son, Robin Brierly, has now collaborated with stateside owners the Reuben Brothers on Maxime's, which opened in March in the former Westbury Hotel at 848 Madison Ave. The Twenty Two, another London-based club, opened late last year in the Reuben Brothers' 16 E. 16th St. in the Flatiron District by Union Square and includes a public restaurant and hotel along with the private club and rooftop nightclubs. Meanwhile, Miami hotspot Casa Tua opened at the new Surrey hotel at 20 E. 76th St. It has an annual fee of $4,300 that rises to $7,000 if you want to visit its other locations in Aspen and Miami (after initiation fees). But the restaurant is open to non-members. 5 It costs $3,400 a year to party at Casa Tua in the Upper East Side. Olga Ginzburg for NY Post 'Casa Tua is the new hot spot,' said Lisa Simonsen, a residential broker with Brown Harris Stevens who belongs to 'a lot' of clubs. 'I join the ones that fit me and my family.' Social clubs hunting for a house have been eyeing 26 Little W. 12th St. in the Meatpacking District, brokers said. 'There's a lot of action on it from various member clubs looking to expand here or coming here from overseas,' said Jared Epstein of Aurora Capital Associates. 'It makes a lot of sense because it looks over the Hudson River.' 5 Thank city real estate players who see private clubs like Jean-Georges Vongerichten's Chez Margaux as surefire assets with guaranteed revenue. WWD via Getty Images Nearby, Jean-Georges Vongerichten turned his former Spice Market restaurant at 403 W. 13th St. into the elegant Chez Margaux dining club. Fees range from $1,800 to $2,600 annually, depending on age, with an initiation of $1,000 to $2,000. Chez Margaux is not far from where the now publicly traded global Soho House and its celebrity-packed rooftop heated pool became the club du jour when it opened in 2003 at 29-35 Ninth Ave. Fittingly, Vongerichten's partner in the club is developer Michael Cayre of Midtown Equities who bought Soho House from Ron Burkle in 2012. He's also a partner in the luxurious redevelopment of the Lower Manhattan Battery Maritime Building into the private and successful Casa Cipriani. 'If you travel a lot, Soho House has sites globally but it went public and doesn't feel as exclusive and culturally relevant anymore and has lost its luster,' opined Brandon Charnas, a commercial broker with Current Real Estate Advisors. 5 Zero Bond helped prove the club business model to investors. dzobel Charnas rebranded and leased Zero Bond and then helped prominent night club founder Scott Sartiano launch the club during COVID in 2020. Zero Bond's 'no photos' policy helped it become a celebrity haunt for Taylor Swift and Leonardo DiCaprio. Elon Musk threw a party here in 2021, the same year frequent late-night Zero Bond flier, Mayor Eric Adams, held his Election Day night victory party and hosted folks in a VIP room unlocked with a fingerprint scanner. Midtown building owner Craig Deitelzweig of Marx Realty is currently negotiating leases with two different social clubs for his office properties in New York and DC. 'Our buildings have a social club kind of feel and there is a natural gravitation to them by the clubs that adds to the cache of the building,' Deitelzweig said. 'The clubs like buildings that have some heritage and a cool vibe.' 'Being in a real members club is like belonging to a community — it's not selling immediate access but selling relationships.' Brandon Charnas, commercial broker with Current Real Estate Advisors Each of the clubs will have their own restaurant, Deitelzweig said, while the DC club will allow all tenants to use their terrace. 'People love them in the post-COVID world because they want to be social and form their own networks,' he said. Most building owners believe social clubs are a 'solid amenity,' explained Robert Gilman, a CPA with the accounting firm Anchin. For instance, at Hudson Yards, Gilman says ZZ's Club has been 'a standout.' Operated by Major Food Group, in 37 Hudson Yards, its moniker comes from founder Jeff Zalaznick's nickname. It includes a Japanese restaurant, a cigar terrace, a lounge with music programming and has a private location for its restaurant Carbone. The website shows $20,000 for initiation and $10,000 in annual fees. Developer Rabina's hot new residential and office tower in Midtown at 520 Fifth Ave. will also open a five-story social club, Moss, that will have a sauna, a cold plunge pool and a hammam plus spaces for podcasting, dining and events. But the sheer number of new clubs has some in the biz worried. Charnas warns members clubs are swelling into a 'dotcom bubble.' 'Everyone is launching them,' Charnas said. 'Not all of them will survive. They are getting their upfront dues while restaurants are calling themselves 'member clubs.' Being in a real members club is like belonging to a community — it's not selling immediate access but selling relationships.'
Miami Herald
27-05-2025
- Business
- Miami Herald
How hotels in Miami are changing. See what's new and what's coming
South Florida How hotels in Miami are changing. See what's new and what's coming Hotels in Miami are shifting in style and service. New openings include the Gale Miami Hotel & Residences, offering high-rise luxury with unique perks such as a Turkish bath. The 85-year-old Shelborne is being restored with modern touches, bringing back classic features like original facades and a 1950s-inspired pool. A major new project, Riverside Wharf Miami, will blend hotels, clubs and fresh seafood spots on the river, aiming to attract all-day visitors. Meanwhile, new state laws allow old hotels to be replaced by luxury developments, as seen with the future Casa Cipriani, signaling more dramatic changes ahead for Miami's iconic beachfront. Macarena Vargas works the front desk inside the lobby of the Gale Hotel and Residence that is opening soon. The Gale Hotel and Residence gave a preview of its property along with amenities during a tour on Thursday, May 16, 2024 in Miami, Florida. By Carl Juste NO. 1: THIS NEW MIAMI HOTEL IS PACKED WITH FOOD, A GYM, EVEN A TURKISH BATH. SEE FOR YOURSELF Get a sneak peek with these photos. | Published May 23, 2024 | Read Full Story by Vinod Sreeharsha Rendering of planned Riverside Wharf Miami NO. 2: IT WAS A SPOT TO PARTY ON THE MIAMI RIVER. NOW A HOTEL, CLUB AND RAW BAR ARE MOVING IN See new renderings, learn of updated timeline for the new project. | Published February 10, 2025 | Read Full Story by Vinod Sreeharsha The Shelborne South Beach is undergoing an $85 million renovation. Above: The iconic Miami Modern-style hotel shown on Friday, March 28, 2014. By MARSHA HALPER NO. 3: AN 85-YEAR-OLD HOTEL IN MIAMI BEACH JUST GOT A $100M UPGRADE. SEE WHAT'S NEW — AND OLD 'Our focus was on respecting the building's storied past.' | Published February 14, 2025 | Read Full Story by Vinod Sreeharsha An architectural rendering shows the columned base of the Casa Cipriani luxury hotel and condo that would replace two historic hotels on Collins Avenue and 36th Street in Miami Beach. The existing Beach House 8 condo, which applied for approval of the new building jointly with developers 13th Floor Investments, stands immediately to its left. NO. 4: NEW STATE LAW MEANS MIAMI BEACH CAN'T STOP DEMOLITION OF TWO HISTORIC HOTELS Plans call for the two long-closed historic structures to be replaced by an ultra-luxury, 17-story Casa Cipriani condo, hotel and private club. | Published April 24, 2025 | Read Full Story by Andres Viglucci The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Vogue
15-05-2025
- Entertainment
- Vogue
Which New York Private Club Are You?
Haven't you heard? New York is in the middle of a private-club boom. I could wax poetic about why: the pandemic, which made this city a more insular one; iPhones, which robbed 'going out' of its discretion; the reach of social media, which turned getting a reservation at even an average restaurant into the Hunger Games. And I could muse that if New York nightlife is becoming a place where cash matters more than cool, we might be losing a piece of the city's soul in the process. But I'm not going to do that. Because guess what—I joined two of them! I wrote my little application essays, name-dropped other members, sent in a picture of myself, and then handed over my Visa, which was then charged very promptly and expensively. Why? The clubhouses, for starters. Many of them are beautiful spaces, housed in buildings by renowned architects and with interiors by famous designers. They offer world-class amenities—multiple restaurants! Omakase bars! Spas! Co-working spaces! Cinemas! Rooftops!–and have strict privacy policies. Casa Cipriani, for example, reportedly expelled three members after taking a photo of Taylor Swift. (She's been spotted both there and at Chez Margaux.) Which leads me to the final selling point of the private clubs: exclusivity. More important than all those fancy rooms? The people in them. So with that in mind, I decided to do something that's a lot more fun than plumbing the changing societal tides: poke fun of myself—and the rest of my next-gen closed-door cohorts—with a story about the types of characters* you'll find at New York's private membership clubs. After all, we can laugh at ourselves, right? Right? *Everyone described below is completely made up. No one sue me. All my money is tied up in membership fees. Chez Margaux Twelve people sent you a link to New York Magazine's 'It Must Be Nice to Be A West Village Girl.' You responded 'HAHA'—a 'HA' short of normal. Secretly, you're insulted. You don't own an Aritiza puffer. You own a Prada one. And you'd never wait three hours in line for I Sodi. Obviously, you have their V.I.P. number. While waiting for your friend Emma at Chez Margaux, you pull up Street Easy and search 'Tribeca.' You find a two-bedroom apartment listed for four million dollars. Then you text it to your father: 'Isn't this cute???' Zero Bond You're an 'entrepreneur' who got this membership to 'network'—even though no one knows what you do. (You're a real estate developer, thanks for asking.)
Yahoo
10-05-2025
- Entertainment
- Yahoo
Miley Cyrus Releases Stirring New Song 'More to Lose': Stream
The post Miley Cyrus Releases Stirring New Song 'More to Lose': Stream appeared first on Consequence. Miley Cyrus has released new song 'More to Lose,' the latest single from her upcoming visual album, Something Beautiful. Stream it below. 'More to Lose' is a breakup ballad where Cyrus holds onto a relationship despite it reaching its end. 'I knew someday that one would have to choose/ I just thought we had more to lose,' she belts over a saxophone on the chorus. Get Miley Cyrus Tickets Here Cyrus debuted the song last week during a surprise performance at Casa Cipriani in New York, where she said some of her ex-lovers were in the audience. In a video posted to Instagram, she discussed her desire for the track to sound raw and unfiltered. 'On a song like 'More To Lose,' I try to keep it a singular take [and] add my harmonies or ad-libs at the end,' she explained. 'It's really a song that's more of a story, and I never want that to be interrupted, overthought, or chasing perfection. I never wanted 'More To Lose' to feel perfect, I wanted it to sound meaningful and emotional.' Something Beautiful is Cyrus' first visual album and ninth overall. It was inspired by Pink Floyd's The Wall, and includes previously released singles 'End of the World' and 'Something Beautiful.' The LP arrives May 30th via Columbia Records. Pre-orders are ongoing. She will be celebrating its release with a show at New York City's Beacon Theatre on June 6th. Get tickets here. Popular Posts Ghost Become First Hard Rock Act to Go No. 1 on Billboard in Four Years Beyoncé Hit with Cease and Desist Letter Over Video of Her Picking Up Sphere Drummer Chris Adler Opens Up on What Led to Firing from Lamb of God Stephen King's The Long Walk Movie Gets Long-Awaited Trailer: Watch Lady Gaga Plays Biggest Show of Career for 2 Million People at Copacabana Beach The Rehearsal's Latest Episode Had Us Literally Screaming at the Screen Subscribe to Consequence's email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.
The Sun
09-05-2025
- Entertainment
- The Sun
Miley Cyrus drops new song More to Lose
THERE may just be a Miley Cyrus renaissance awakening as the starlet has dropped her new song More to Lose today, offering an intimate glimpse into the emotional landscape of her upcoming album Something Beautiful, slated for release end on May 30. Cyrus's new music was previewed by the lucky audience who attended the exclusive pre-Met Gala event hosted by Casa Cipriani in New York City, US. The song comes after her single End of the World that she dropped earlier last month, with an accompanying music video – in which, she is seen donning a custom Mugler by designer Casey Cadwallader. Read also: Miley Cyrus drops new single End of the World The 33-year-old, who has had back-to-back success after dropping her album Endless Summer Vacation in 2023 and winning her first Grammy for Flowers, the upcoming album invites anticipation and perhaps, a Miley Cyrus revolution. Known for her strong, alto vocals and provocative style, the singer has always been the centre of conversation ever since Cyrus shed her Disney, good girl image with Can't Be Tamed. With the release of Bangerz, the singer made her grand entry into the pop arena, rivalling peers such as Ariana Grande, Selena Gomez and Justin Bieber. While she may be known for being the rebellious Disney kid that turned bad, her poignant song Used to be Young, which was a love letter to herself and the people who once dismissed the artiste as a troubled star, reminded the fraternity and music fans of her raw talent for music. Love her or hate her, Cyrus is arguably one of the best vocalist and artiste to have emerged from the showy hills of Hollywood. More to Lose is available on all streaming platform.
