It was built in 1899–1900 by William L. Coulter, who had previously created a major addition to Alfred G. Vanderbilt's Sagamore Camp.
The "club" consisted of a boathouse, "casino", and six identical 2+1⁄2-story shingle cottages, which were distinguished by unique twig work facades.
The camp was built for six friends: Elias Asiel (Asiel & Co.), George Blumenthal (Lazard Freres), Max Nathan, Abram M. Stein, Daniel Guggenheim (American Smelting and Refining), and Louis Marshall (noted constitutional lawyer and framer of the "Forever Wild" clause in the NYS constitution).
The choice of Lower Saranac Lake as the site was determined in part by the growing anti-Semitism in America in that period.
In 1877, Joseph Seligman was involved in the most publicized anti-Semitic incident in American history up to that point, being denied entry into the Grand Union Hotel in Saratoga Springs, New York, despite having been a regular guest previously.