Why can't a nightclub be included as part of "first floor" commercial/retail space that can be found in many cities? You have the best of both worlds, a mid/high rise with housing and close proximity to retail and entertainment spaces. Sure, clubs have noise and people issues, but these can be designed around for noise abatement and traffic control or put them underground. Bars have these issues too.
Just because land owners can make more from developing housing in the modern urbanization doesn't mean commercial retail/art/dining/entertainment spaces should be pushed out, otherwise the declining proximity benefits of urbanization lose their appeal.