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
New South Wales Club building headed. Because of the demolition of the rear wings the bedrooms on the upper floors of the servants no longer exist and it is the ground floor which has remained the most intact out of all the floors. The remnant building is of significance as the sole surviving example of a nineteenth-century Sydney gentlemen's club, then an important and influential institution in Victorian colonial society in Australia. The remnant building is of significance as on of surviving, albeit altered, examples of the works of the Victorian-era architect, William Wilkinson Wardell. The restrained classical elegance of its original Bligh Street facade