Updated posts August 2026
Core Club Prepares $100,000 Manhattan Launch Amid Growing Private Club Boom
Luxury Core Club, a new private membership club in Manhattan, is set to open in mid-October with $100,000 membership fees. The club is located at 711 Fifth Avenue and spans more than 60,000 square feet across four floors.
Core Club offers a wide range of amenities, including eleven luxury hotel suites, a spa, a gym, a juice bar, a speakeasy style lounge, a culinary lab, a formal dining area, state of the art conference and board rooms, a screening room, and a flexible events space and gallery.
The club also hosts between 150 and 200 cultural events each year, ranging from performances, exhibits, and talks to tastings, interviews, and showcases.
Core Club says it’s looking for interesting, curious people who will add to the community. While the club never discloses its membership list publicly, names cited in past media reports include Blackstone CEO Stephen Schwarzman, NFL Commissioner Roger Goodell, fashion designer Tory Burch, Vornado CEO Steven Roth, and Estée Lauder Executive Chairman William Lauder.
Is the New York Private Club Market Becoming Oversaturated?
With more clubs scheduled to open in the fourth quarter and into next year, some members worry that New York and other major cities are becoming oversaturated with club offerings, particularly if the economy shifts into recession.
Club owners and managers say they see no slowdown in demand, as wealthy individuals continue seeking community and private space where they can work, socialize, stay, and network within a secure, exclusive environment.
Industry watchers suggest the US may be moving toward the London model of social clubs, where storied institutions like Annabel’s, 5 Hertford Street, and White’s play a central role in the social and professional lives of the upper class. Soho House, founded in London in 1995 by restaurateur Nick Jones, has since expanded into a global player in the private club world, with dozens of locations around the world and a publicly traded stock.
Why Are Private Clubs So Popular With the Wealthy?
Private clubs offer a number of benefits that appeal to wealthy members, including exclusivity, since access is limited to members only, creating a sense of prestige; privacy, providing a space where members can relax and socialize without concern over being seen or photographed; networking, offering a natural setting to connect with other successful individuals; and amenities, often including restaurants, bars, gyms, spas, and pools all under one roof.
What’s Really Driving This Wave of New Clubs
Beyond the amenities themselves, this surge in private club openings likely reflects a broader shift in how the wealthy want to spend time outside the home and office. As remote and hybrid work reshape daily routines, private clubs increasingly function as a third space, part workplace, part social hub, offering the flexibility to conduct business, unwind, and network all within the same secure environment, a combination that traditional country clubs and hotel lounges were never quite designed to deliver.
Is Core Club Worth the $100,000 Membership Fee?
Whether or not Core Club is worth the $100,000 membership fee ultimately depends on the individual. For those looking for a place to relax and socialize with other wealthy, successful people, and who can comfortably afford the fee, Core Club may be a strong fit.
However, for those on a budget or uninterested in the exclusive lifestyle Core Club offers, plenty of other options exist, from public gyms to restaurants and bars.
Also read: Iconic India Club in London to Close After 70 Years: A Farewell to a Cultural Hub
