Gwyneth Paltrow Is Building A Members-Only Club Where The Hustler Store Is

Thanks to Gwyneth Paltrow, the iconic Hustler store on the Sunset Strip will soon be making way for another ritzy private club—just blocks away from SoHo House.The property at 8920 Sunset Boulevard in West Hollywood was purchased by Gwinnie and Gary Landesberg, chairman of The Arts Club. Founded in 1863, by a group of Victorian artists including Charles Dickens, the London-based club is run, according to their rules (.pdf), "for the purpose of facilitating the social intercourse of per sons connected with or interested in Art, Literature or Science." Also, it costs $3000 per year for a membership, including a joining fee of the same amount.
Back in July it was rumored that there were developers looking to put a hotel up at the spot.
TMZ says the Club in London has all the modern conveniences, including a nightclub lounge, fine dining, and is always hosting artsy events for its members. Gwinnie, who is a board member of the Club, and the rest of The Arts Club plan on bulldozing the building and constructing a similar venue like the one in London.
As for Hustler, it'll be moving to a new location near Hollywood and Highland.