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
Cloud Club the top two floors of the Cloud Club space to tenants. William Van Alen and Walter Chrysler had differing ideas of what the Cloud Club should be. The former had preferences for the modernist style while Chrysler had a preference for faux medieval and baronial styles. Charles McGrath of "The New York Times" wrote that the final design "reflected a somewhat uneasy compromise" between the men. Christopher Gray of "The New York Times" stated that the "Cloud Club was a curious mix of historic and modern." Charles McGrath of "The New York Times" stated that the space overall "seems almost