The former Club Element is about to come back in a big way, as Jamie Mulholland has acquired the building in a bulk asset sale and will convert the space into a new club and restaurant. Mulholland is the current owner of Goldbar and was once the proprietor of Cain and Cain Luxe 2.0. But this new project, currently being called Five Nightclub, will be his first new nightlife project in New York in several years. [Bowery Boogie]
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