Endless jobs, Epstein files, class action specter: the aims of the brands. The manager of the spaces claims that the contract is terminated due to non-compliance and in a few days he will display the “For Rent” sign with the assignment to an agency
Corso Matteotti 14, in the heart of Milan. For years, four thousand square meters of building with scaffolding. But the super exclusive club The Core has not yet been seenand perhaps we will never see it.
The manager of the spaces claims that the contract is terminated due to non-compliance and in a few days he will display the “For Rent” sign with the assignment to an agency. On the other side the club. Seven hundred members, many famous names, convinced by the promise of events, benefits and international networking. According to financial sources, the entry fees alone (already collected) exceed 10 million euros: between ten thousand and 50 thousand euros per person. After the inauguration, annual fees of between 18 thousand and 30 thousand euros would be added. The problem is that the ribbon cutting is in doubt and dozens of members are organizing a class action that is gradually expanding.
The matter is tangled. The property is owned by the Venetian Province of the Order of the Servants of Mary. On 29 January 2019 the property was leased to the Core Milan company with a long-term commercial contract, up to forty years. The announcement on that occasion was tempting for many: the club was supposed to be born by 2022 with restaurants, bars, terraces, a theater for events and screenings, a library, a gallery for exhibitions, meeting rooms, fitness spaces, discretion and night-time entertainment. The project is linked to Dangene and Jennie Enterprise. A name that emerges in the recent American papers of the Epstein-Maxwell case where Jeffrey Epstein defines Jennie as a “guardian angel”.
The opening slips. THE work goes in fits and starts. Then they stop. Meanwhile, others are gaining ground in Milan elite places, such as Casa Cipriani and The Wilde, and expects Soho house. The Core without headquarters relies on temporary solutions, short and certainly different from an entire building, never complete or alternative. Meanwhile, in 2020 the corporate structure changes. Core Milan remains on the registrations, operational branch, while Core Matteotti holds the real estate part and the rental contract stipulated with the Order.
Reinvest enters in the summer of 2025: the company signs a contract with the American Core Llc for the joint construction of the Core Club in Milan: the agreement provides for the transfer of Core Matteotti to Reinvest and a nine-year sublease to Core Milan. At that point the construction site restarts, Reinvest «pays off the several million debts that weighed down Core Matteotti» but, according to the Italian company, «the sureties and guarantees of over ten million, a necessary condition for the future subletting and the validity of the contract, never arrived. Since the terms expired months ago, we consider the contract terminated due to non-compliance”, they say from Reinvest.
The American Core Llcwhen asked, meanwhile specifies “that it has invested more than ten million euros in the Milanese project and that it will continue to invest in design costs, cultural practices and initiatives and concierge services aimed at the members with whom the community is being built”. An outpost is made available in via della Spiga 15 and offered access to events that are perhaps sold out or inaccessible to most. “Whoever has a membership can access the Core in New York (the one in San Francisco, announced some time ago, has never been opened, ed.)”, they add. On the contract the company refers to “confidentiality constraints” and claims that it remains “valid and binding: it will become effective upon completion of the renovation works by Reinvest” and the Club is scheduled to open in spring 2027. In the meantime, however, at number 14, the stamped papers and a construction site remain.
