Michael Shvo is seeking a court order to prevent Core Club from placing its security staff in the lobby of 711 Fifth Avenue, a privilege the club has maintained during ongoing legal disputes with the developer. In documents filed Thursday, Shvo stated that this arrangement was a voluntary courtesy and not stipulated in Core Club’s lease. “It is indisputable that the lease does not provide [Core Club] any right to that special treatment,” Shvo argued in court documents.
Earlier this month, Shvo notified Core Club that he was ending the lobby accommodation. However, Core Club declined to remove its security guards, referencing a judge’s directive to maintain its rights under the lease. Both parties subsequently attended a conference regarding the dispute, but no action was taken by the judge without a formal motion.
A representative for Core Club did not respond to requests for comment.
The conflict between Shvo and Core Club has escalated over time. The club previously positioned itself as a prominent tenant in Shvo’s redevelopment of the former Coca-Cola building at 711 Fifth Avenue. The two sides are now involved in multiple lawsuits on both coasts. Last year, Core sued Shvo for $600 million, alleging failure to deliver promised buildouts for new locations and improper use of club space for private events without payment. In response, Shvo claimed that Core defaulted on its lease at San Francisco’s Transamerica Pyramid, resulting in $178 million in losses. Earlier this summer in New York, Shvo initiated eviction proceedings against Core at 711 Fifth Avenue.
Recent court decisions have favored Shvo in some respects. A judge ordered Core to resume rent payments and address nearly $1 million owed on a loan. Additionally, an eviction freeze remains until it is determined how much back rent—estimated by Shvo at $3.5 million—is owed. During this period, both parties have been instructed by the court to adhere strictly to their lease terms.
Core is appealing aspects of these rulings and has filed another lawsuit accusing Shvo of neglecting maintenance at 711 Fifth Avenue and misusing funds intended for property upgrades—a claim dismissed by Shvo’s representatives as irrelevant.
Shvo continues to face challenges beyond his dispute with Core Club. He recently left a major Miami project and is defending against several lawsuits related to his other developments.
In addition, Core Club CEO Jennie Enterprise and two condo owners at another of Shvo’s properties have joined a lawsuit alleging that Shvo and his financial partners directed investors into expensive deals while diverting proceeds for personal gain.
