"Le Loft" overlooks the main room, features an overhanging balcony which stretches the entire width of the club, lounge seating for over 100, and its own separate bar, custom artwork, and two television screens.

[2] The building originally served as the German-Canadian Club Harmonie,[3] a rental venue for community gatherings, oom-pah bands, and ballroom dancing.

"The Bard of Bleecker Street" who at the time had a stake in three well known Manhattan nightclubs — The Bitter End and Kenny's Castaways in Greenwich Village as well as the Cat Club, considered by some to be the epicentre of the 1980s NYC glam metal scene.

Initially open Thursdays through Saturdays, and modelled on the Cat Club,[6] it was overseen day-to-day by Randy Charlton whom Kenny got to run the newly launched club, hiring Charlton away from Sparkles discothèque at the top of the CN Tower having originally gone to Sparkles with the intent of luring its weekend resident DJ, Paul Cohen, over to the Diamond.

[4] Simultaneously, a staff of some fifty individuals had also been hired to work under the Diamond's general manager Charlton, developing and maintaining a theatrical, versatile venue with high-quality sound and lighting.