Lily Pond on Fire! Stereo Refugee Mike Satsky Exults in East Hampton, Trashes Greenhouse, Mum on New Manhattan Spot

Mr. Satsky said he is aiming to set an entirely new standard, à la Stereo, in September, when his newest Manhattan nightspot opens in the meatpacking district.

“Breaking ground?” asked Elon Kenchington, general manager at the Hotel Gansevoort, where Mr. Satsky was chatting with the Daily Transom one recent afternoon.

For the record, Mr. Satsky declined to get into the specific location or concept, stating only in soaring terms, “It’s going to change the direction of nightlife in New York City and bring a real different flavor to the United States.”

Another guy trying to change the direction of nightlife in the city is Mr. Satsky’s former partner at Stereo, Mr. Mullineaux, who joined up with fellow impresario Jon Bakhshi, a.k.a. Jon B., in launching the eco-friendly themed Greenhouse nightclub in Soho last year with the stated aim of transforming the ever-wasteful hospitality industry.

Mr. Satsky, though, seemed unimpressed by his ex-associate’s latest effort.

“I think that it’s kind of cookie-cutter,” Mr. Satsky said of Greenhouse. “They’re not really looking to make a difference,” he went on, rattling off a list of Mr. Bakhski’s other venues, “Home, Guest House, Mr. West, Greenhouse—it’s the same thing.”

He added, “I don’t know one person that goes there. Not one.”

Naturally, Mr. Mullineaux took issue with his estranged contemporary’s critique.

“Everybody goes to Greenhouse,” countered Mr. Mullineaux. “It’s much different than Home or Guest House, contrary to what Mike said. We’re one of the only clubs in the city open seven nights a week. We do a variety of everything. Monday nights, we do all rock ‘n’ roll, live music acts; Friday nights, we do European house music; Tuesdays and Thursdays, we have the hip-hop and rock ‘n’ roll mash-ups. I bring in a lot of the old Stereo crowd in on those nights. It’s a good mix.”

Mr. Mullineaux suggested his former friend and colleague was still “bitter” over Stereo’s shuttering. (The two haven’t spoken in about a year, he said.)

“He had no say in anything,” Mr. Mullineaux said, noting that Mr. Satsky was originally brought in as promotional director at Stereo, having no real ownership or equity interest in the actual business. “I had no choice but to side with the investors,” Mr. Mullineaux said. “I couldn’t side with him and he took it personally.”

Mr. Satsky pointed out that he did own trademark rights to the Stereo brand and added that he invested in the defunct club’s initial renovation. He also took credit for establishing the venue’s celebrity cred. “All the high-profile guests that were there were my friends,” he said.

In the aftermath of Stereo’s demise, Mr. Satsky has needed to adjust his business model to better suit the way of life in far-flung East Hampton, specifically to make up for what he described as a serious supermodel gap. “We’re not living in New York City, where, in a 10-block radius, there are, say, 30 supermodels,” he noted. “A lot of that background beauty is not fully available in East Hampton. So, you know, we do what we can to bring in our friends from New York City.”

It has been challenging, to say the least.

“Every day at Lily Pond is a miracle,” Mr. Satsky told the Daily Transom. “Every one of my friends in the business urged me, ‘Do not do this. Nobody’s in East Hampton. You have no one to choose from. Everyone’s in the south. You only have families in the east. You have some big hitters in the east, but nothing that’s going to make enough camaraderie to make it successful.’ I really went out on a limb to do something in East Hampton. The space, for eight years, has been tried and failed, tried and failed. We gave it our all and every day is a miracle.”