FromThePresident-final

FromThePresident-final

From the President

Dear Members, I want to take this opportunity to update you on our progress to meet your expectations at the clubhouse and within our club community to support your personal and professional lives. Our Community Camaraderie, networking, stimulating events, great dining experiences, and a committed staff have all contributed to our re-energized and growing membership. Our reputation for delivering a true Club experience is helping to build and retain a membership of 6,500 Careful and controlled spending have helped provide funding for a number of critical items necessary to keep our Clubhouse safe and secure. Moving our administrative staff back into the building in January improved security and helped identify and correct service deficiencies. Guest elevators are scheduled for replacement this summer with updated safety features, mechanics and upgraded cabs.The flooring in the Bar & Grill is slated for replacement in August. Your voice One of the Boards' primary goals is to serve your life cycle of membership. Only by listening and anticipating your needs can we thoughtfully and responsibly steer the Club toward strategic capital investments and programmatic changes.You asked us to consider some of the recently opened work spaces for hire and social clubs that have opened in NYC in the last few years.The information obtained helped us to better understand the types of facilities that are of interest to you – and more importantly what is not. In addition, your collected opinions and ideas from our recent survey (as well as the comprehensive 2015 survey) helped inform the Board on a number of important issues and projects this year. I hope we will continue to hear from you as we work to accomplish three important goals: 1. Do our best to meet your expectations to provide the facilities and services you value most as a member. 2.With improvements, attract more new members which ultimately helps lower the cost of dues and assessment. 3. Maintain, equip and staff our Club to support you and our active Club community. Thank you for your feedback and support. I look forward to working with you to make our Club a place you are proud to call home. Sincerely, strong – and growing. Our Clubhouse

Happenings Our Newest Members Over 500 new members have joined the Club this year! Many new members attended Happy Hours in the Bar & Grill to meet key staff members and local Board members. If you are a new member and haven’t attended one of these fun, informative gatherings, join us on September 25. Discover ways to get active in Club life! graduating seniors in Princeton and NYU to introduce the Club to the Class of 2018. Students learned how membership offers a safe, fun environment for young alumni to meet new friends and network for their personal and professional lives. Industry targeted events, Black Tie Ivy Inter-Club events, and an affordable midtown gym builds the right foundation for recent grads. PCNY on Campus Our Membership staff visited with Welcome Joey Roberts! Joey joins us from Boston, MA where he has been working as a Squash Pro since attending and competing for Yale. Experienced in Professional, Collegiate and High School Coaching and an all-around nice guy! Stop in to say hello soon! PCNY Everywhere this summer We are on the water sailing, on land sipping Rosé, in the stands for the US Open and under the stars all summer long atWet Wednesdays. If you ever want to know where we’re going or where we have been, visit us on Facebook, Instagram, LinkedIn or our PCNY App to find events, friends and a great meal! New Squash Professional – Joey Roberts

Richard Block, ’73 [email protected]

SUMMER 2018

AN OCCASIONAL PUBLICATION OF PRINCETON CLUB NEW YORK

FROM THE PRESIDENT

LOWERING YOUR COSTS

THE PROPOSAL

The assessment combined with careful spending have created a fund to support the two most Member requested Clubhouse upgrades

Dues 5% The average cost of membership continues to rise:

Assessment 12% Increased Membership has helped lower our Assessment • More Members paying into the fun • Controlled spending on Capital Project • Other sources of revenue

Savings 7% For You: • Lower overall expense • Upgraded facility including plan for new elevators, Lobby, Lounge & Business Center

1. Upgrade our Lounge to be more representative of our esteemed membership 2. Create a new Business Center to support our member’s professional goals

• Labor • Taxes • Food and Supply Costs

A

B

D

E

G

H

25'-0" 1st Floor – New Lounge and Business Center 25'-0"

14'-3"

14'-6"

15'-0"

11

NOTES: New Bar

1

12 SF

6

2 egnuoL

After careful consideration by our Finance Committee and Board, a modest 5% dues increase was approved to keep up with our increasing labor, Real Estate Tax and product/maintenance costs. However, we are reducing your Assessment contribution by 12% for an overall net savings to you of 7% compared to last year’s rates. We are confident that as our membership grows and our Clubhouse thrives, assessment fees will continue to decrease and our dues, and the added dues of new members, will provide the funds needed to finish the final phases of the 2015 Strategic Plan’s final three improvements:

12 SF

17 SF

Rentable Cubicals with Hot Desking facility Rentable Conference Room with AV faciltity Hot Desking available on hourly basis Partitioned spaces with pre-installed computers New Expanded Storage Space

3

10

12 SF

2

3

4

5

3

15 SF

4

CONFERENCE ROOM 180 SF

12 SF

15 SF

BUSINESS CENTRE 880 SF

5

7

STORAGE 255 SF

6

9

7

LOUNGE LIBRARY RELOCATED TO UPPER FLOORS 1710 SF

ENTRY VESTIBULE 127 SF

STAIR N

ELEV

DN UP

1

7

STAIR W

UP

Future Improvements • Upgrade all our Traditional guest rooms with improved amenities and new bathrooms • Enhance the Athletic area and locker facilities

MEN

LOBBY

ELEV

1st Floor –New Lounge and Business Center

Princeton Club of New York 15 W 43rd St New York NY 10036 1st Floor Business Centre: Alteration Type I

07

Partial Plan Scale: NTS • We will enlarge the Lounge by moving the Library to an upper floor. We will add additional seating and upgrade the appearance creating an environment for private conversations and social engagement. • We will build a Business Center in the storage area adjacent to the east side of the Lounge for members to stay connected to their professional lives while in the Clubhouse. May 3rd, 2018 C H A R L E S M A T Z ARCHITECTURE | DESIGN |PRODUCTION | MEDIA THE EMPIRE STATE BUILDING 350 FIFTH AVE, 59TH FL NEW YORK NY 10118 USA T +1 212 601 2870 WWW.CHARLESMATZ.COM

www.princetonclub.com

www.princetonclub.com

SUMMER 2018

FROM THE PRESIDENT

For the Squash & Fitness Center Joey Roberts Squash Professional 212.596.1230 [email protected] For Billing and Accounting Questions Richard Violante Director of Finance 212.596.1220 [email protected] For Making Suggestions Jason Pallen General Manager 212.596.1270 jpallen @princetonclub.com For General Member Information Cassandra McGahan Membership Coordinator 212.596.1240 memb ership @princetonclub.com

To Make Dining Reservations Captain 212.596.1205 To Make Hotel Room Reservations Front Desk Supervisor 212.596.1201 [email protected] To Make Programs Reservations Raquel Sumulong Director of Programs 212.596.1261 [email protected] To Design a Catering Event Shannon Zafonte Assistant Director of Catering 212.596.1210 [email protected]

Contact Information Have a question? Need assistance? Our professional staff is here to make your member experience the best it can be.

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Printed on recycled paper (50 percent PCW).

Design: Kristen Bannister, Key Design i : i i , Key Design

FIRST CLASS PRST U.S. POSTAGE PAID BELLMAWR NJ 08031 PERMIT # 1158

15 West 43rd Street (between 5th and 6th Avenues) New York, NY 10036

From the

President

Your Princeton Club has been hard at work delving into the individual and collective experiences of our members, working to discern how best to shape our Club community and our Club facilities.

Label or ink jet address