Who Wants That Nightclub?
Is your nightclub heading under water? Looking for a way out? A current Craigslist ad promises you that bailout you have been looking for, saying "Owners/operators of NYC's most sophisticated cocktail lounges seeks to invest/acquire distressed Manhattan lounges." There are plenty of quality operators who made a crap ton of cash over the past 8 years who may be looking to swoop in like vultures. But just who owns NYC's most sophisticated cocktail lounges? Let's talk about it!
1. Noah Tepperberg and Jason Strauss - As owners of Marquee and the soon revamped Earth, as well as their Vegas projects, this dynamic duo certainly has the cash and wherewithal to pick up choice properties. But with the Vegas market slumping and a new project on the way, do they want the headaches? And do they own the most sophisticated cocktail lounges? - Probability: 35%
2. Richie Akiva and Scott Sartiano - Their 1OAK and Butter spaces keep plugging away, but rumors about cash flow issues persist, meaning they may not have the ability to make multiple purchases right now. These guys may want to seem sophisticated, but come on. Probability: 10%
3. Sasha Petraske: The master of cocktail sophistication seems to have his hands full with the ever changing Milk and Honey, the problematic Mercury Dime, and a new lounge opening in Long Island City. Probability: 25%
4. Matt Levine: We have heard rumors that the New York City Council has passed a Local Law banning him from getting involved in additional project. Probability: 0%
5. Julie Reiner: The successful proprietor of the Flatiron Lounge and Clover Club has been riding a hot streak of late. Both spaces are uber sophisticated, and she may be able to pull together the financing to slowly expand her empire. Probability: 60%
The result? We really don't know, but look for someone under the radar like Ms. Reiner to be looking to make deals and position themselves for a big take if and when the economy starts ticking upward.
DBTH
Reader Comments (10)
I added a blog a few days ago under the top 10 clubs in nyc.. I proposed a venue that i have come accross last week during fashion week that i believe has the potential to becoming a great space for a weekly party.. I will be sending a propsal and will be speaking with the GM to see if we can start one night a week. I am interested in starting slow, and drawing the right crowd instead of ramping up and for it to turn into a shitshow.. I am not looking for it to be exclusive, but we will be selective... After we have built a following we will create something different in this space and mix fashion, art, live shows, different artists displayed, upcoming fashsion designers to display their newest lines, Djs, burlesque, etc.. This will be something competly different than any venue NY has seen in a while. Every party will focus on something specific.. A little taste of everything that makes NY so great. So each party will be something different every week.. This way a following will be built for each industry and fuse these crowds together. It will be a very lose flowing party... instead of the clique shit we see in the clubs nowadays.
All serious inquires email me at adisilvestro@gmail.com. Again I will not say what the space is until I get more details from the GM.. I want to put togheter the next great team of promoters, all bullshit aside.
will it have strobe lights? come to think of it, lack of strob lights is exactly what's wrong with ny clubs....
ummm...bring noah down to 0%. he put all his personal $ into LAVO.....that place is a wrap...failure. Now hes trying to steal from 1oak by moving around the corner. had to layoff half of strategic group bec he lost absolut his biggest client. its a sinking ship.
bet against Noah T at your own risk. sinking ship my ass
the move in vegas for "SG" probably will go up in flames
Noah is the safest bet in this business. After 12 years in nightlife I have learned one thing......Noah is smarter, works harder and is more respected then any other person I have met in this business. The failures in Los Vegas are world problems that have nothing to do with Noah and Jay. Almost every promoter, owner and "nightlife Marketing" company in NYC models their business after Strategic group. i am really not one for kissing ass or talking people up but, Noah deserves nothing but respect.
agreed, noah is an amazingly smart and hardworking individual, and he would be the last nightlife player i would ever bet against. i have immense professional respect for him.
but as a person, he is a douche. just sayin...
People are so fickle. Of course Marquee wasn't what it once was, but for years they made tons of money and were a thriving establishment. They still do good numbers and its ridiculous that everyone hates on SG and Noah. So now 1Oak is hot and people have jumped on their band wagon. These same people that are hating on Noah and SG will be sucking the cocks when their new spot opens. And these bloggers will be throwing 1Oak under the bus when there run is through just as their doing with Marquee.
Noah is extremely gifted and will ultimately succeed....And 1oak is the shit! Don't hate...there are great times to be had there!
Now if they can only do this with Vegas nightclubs we'd be all set. A bunch of Las Vegas clubs are starting to go under due to the economy...I wonder if these investors though are hurting more than helping these clubs.