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
The New York Times Building the site was assembled, it was leased to The New York Times Company and Forest City Ratner for $85.6 million over 99 years (considerably below market value). Additionally, The New York Times Company received $26.1 million in tax breaks. The "Times" itself occupies 628,000 square feet on the 2nd to 21st floors, with the remainder leased to tenants. On December 16, 2016, "The New York Times" announced that it was vacating at least 8 of the floors in order to generate rental income. The tower was designed by Renzo Piano Building Workshop and FXFOWLE Architects, with Gensler providing interior design.