Cloud Club closed in the evening. Many famous executives based in the tower had lunch in the club. The club was only for men for several decades. In the 1950s and 1960s newer clubs opened, causing the attendance at the Cloud Club to decrease. In 1971 180 corporations supplied 300 members of the club. The club declined more as competition from other clubs increased and as companies moved offices to suburban areas. Texaco moved its employees to Westchester, New York in 1977, and the club closed in 1979. Tishman Speyer, which took over the Chrysler Building in 1998 and refurbished it, leased
Collectors Club of New York recall those of Richard Norman Shaw, the avant-garde British architect of the late 19th-century. The building was purchased by the Collectors Club in 1937, and was designated a New York City landmark on September 11, 1979. The Collectors Club membership of over 750 includes stamp collectors from the tri-state area of New York, New Jersey, and Connecticut, as well as members elsewhere in the United States and in other countries. Many prominent and world-famous philatelists have been members, including: Alfred F. Lichtenstein, Harry Lindquist, John Luff, John Walter Scott of Scott catalogue fame, Lawrence L. Shenfield, John J. Britt and