In a letter obtained by the New York Daily News it was revealed that rapper Jay-Z and business partner Juan Perez will be closing their midtown Manhattan nightspot 40/40 Club this summer because of upcoming renovations.
Perez and Jay-Z’s letter starts off with a thank you to those who have frequented the club for the past nine years and then goes into why 40/40 Club will be closed for the summer.
“Starting June 1st, The 40/40 Club’s New York City flagship location will undergo a complete transformation from floor to ceiling,” read the letter. “Lead by world renowned designer Jeffery Beers, The 40/40 Club’s makeover will draw inspiration from the energy, grandeur and opulence of New York City nightlife. We are eager to re-open our doors in September and re-introduce a revolution in luxury sports watching and nightclub experience. We appreciate your patience and continued dedication to our growing brand as we vow to return to the scene stronger than ever.”
Opened in June 2003 the 40/40 Club has seen its fair share of highs and lows. In 2008 the club drew a tremendous amount of negative publicity when a lawsuit was filed by an employee claiming that she and fellow employee’s received less than minimum wage and did not receive overtime pay.