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Shvo's eviction bid against Core Club is denied by state judge, marking the latest clash in the ongoing legal battle between the developer and the exclusive members-only club.
A state judge has ruled in favor of Core Club, denying Michael Shvo's attempt to evict the exclusive members-only club from his office tower at 711 Fifth Avenue. The decision comes after Shvo filed a lawsuit claiming that Core Club was millions behind on rent and had defaulted on $3.6 million in payments for their 60,000-square-foot space across the top four floors of the tower.
Shvo's high-profile property bets have been facing financial strain since the pandemic hit, and the ongoing legal battle with Core Club founder Jennie Enterprise has only added to the challenges. The developer moved to terminate Core Club's lease last month, citing their alleged default on rent payments.
The ruling by the state judge blocks Shvo's attempt to evict Core Club from 711 Fifth Avenue, at least for the time being. This marks the latest clash in the ongoing feud between the developer and the exclusive members-only club.
According to the court filings, Core Club had argued that Shvo's attempt to evict them was in violation of their lease agreement and that they were not in default on rent payments. An attorney for Core Club stated that the club has "consistently paid rent and all other amounts due under the lease."
The legal battle between Shvo and Core Club continues, as both parties navigate the financial challenges brought on by the pandemic and the ongoing dispute over the lease agreement. The court's ruling in favor of Core Club is a major setback for Shvo's attempt to evict the exclusive members-only club from his high-profile office tower.
Originally reported by